Russia, Turkey agree terms of nuclear power plant construction

Russia and Turkey have agreed all the details and commercial terms for the construction of Turkey's first nuclear power plant, Russian Energy Minister Sergei Shmatko said on Saturday.

"The principles of the nuclear power plant construction have been agreed. We have defined all the basic commercial terms," Shmatko said in an interview with the Turkish news agency Cihan NA, adding that the price of electricity to be generated by the NPP had also been agreed but it was premature to disclose it.

An international consortium consisting of Russia's nuclear power equipment and service export monopoly Atomstroyexport, electricity export company Inter RAO UES and Turkish Park Teknik won a tender for the construction of Turkey's first nuclear power plant in June 2009.

The consortium proposed building four nuclear power units with a capacity of 1.2 GW each under a Russian project. The nuclear power plant was expected to be built near the Mediterranean port of Mersin in the Akkuyu area and put into operation in 2016-2019.

in November 2009, however, Turkey cancelled the results of the tender over disagreement with the prices of electricity, Russia proposed to charge for electric power generation by the nuclear power plant.

In early 2010, Russia and Turkey agreed on cooperation in building the Turkish nuclear power plant.

"We expect that basic documents will be signed as soon as possible and the construction of the nuclear power plant will begin," Shmatko said.


DATE: May 09, 2010

Topics: NPP, Russia, Asia, Turkey

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