Bank Of Baku

Turkey to Build First Nuke Plant in Southern Province

Turkey to Build First Nuke Plant in Southern Province
# 21 July 2010 22:42 (UTC +04:00)
Baku – APA. Turkey will construct its first nuclear power plant in the southern province of Mersin, APA reports quoting turkishny.com web-page.
The law on construction and operation of a nuclear power plant in Mersin’s Akkuyu town entered into force after it had been published in the Official Gazette on Wednesday.
The Turkish parliament adopted the bill on July 15. Turkey and the Russian Federation signed an agreement in Ankara on the construction of the nuclear power plant on May 12, 2010.
According to the agreement, the two countries will cooperate in construction and operation of nuclear power plant in Akkuyu in southern province of Mersin.
Russia’s Nuclear Energy State Corporation (Rosatom) and Turkish Energy and Natural Resources Ministry will be the parties to the agreement.
Russia will launch necessary procedures to establish a project company within three months after the agreement was signed. The Russian authorized institutions will have at least 51 percent share in the project company.
The Russian Federation will undertake creation of a new project company to fulfil the liabilities of the agreement in case the first company fails.
The power plant will have the total capacity of 4,800 MW.
The Akkuyu nuclear power plant is expected to meet 14 percent of the energy Turkey currently generates.
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