Domestic firms pull out of Russia’s Turkish nuclear scheme

Three Turkish companies who had partnered with Russia’s Rosatom on the building of Turkey’s first nuclear power station have withdrawn from the project.

Company officials told Andalou news agency yesterday that they had been unable to agree commercial terms for their work.

The three companies are the industrial conglomerates Cengiz and Kalyon and contractor Kolin. They signed a draft agreement with Rosatom for a 49% share in the project last June. Since then, however, the sides have failed to reach a final agreement.

According to the plan, Rosatom will build, own and operate the $20bn Akkuyu plant in the southern province of Mersin, on the Mediterranean coast.

When fully complete in 2025, it will have a four 1.2GW reactors, giving it a total capacity of 4.8GW, equal to about 7% of Turkey’s present demand.

The first phase, which is due to finish in 2023, will involve the construction of two reactors.

Image: The proposed site of the Akkuyu nuclear plant (Environmental Justice Atlas)

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