North Cyprus News | Online News for North Cyprus

Russia to sell shares in Akkuyu Nuclear in 2016

Russia to sell shares in Akkuyu Nuclear in 2016

June 10
10:15 2015

Russia plans to sell 49% of its shares in the Akkuyu Nuclear Power plant. General Manager of Akkuyu Nuclear, Fuad Akhundov has said that shares would go on sale next year. Russian state-run corporation Rosatom which is building the power station will remain the main shareholder.

“Rosatom will remain as the principal shareholder of Akkuyu, which will be owned 100% by Russia. We plan to sell 49% of it in 2016. We are planning an organization in which international investors, including Turkish companies, will be invited”, said Akhundov.

Akkuyu Nuclear Power Plant, which will have 4,800 megawatt of installed capacity, is going to cost nearly $20 billion. Akhundov said the project is going to create $6-8 billion in business volume for Turkish companies and Russia has so far invested $3 billion.

Daily Sabah

 

Local Weather

Kyrenia, Cyprus
12°
13°
Wed
12°
Thu
12°
Fri
15°
Sat
Weather from OpenWeatherMap

Lira Exchange Rates

USD
USD
3.8167
EUR
EUR
4.6731
GBP
GBP
5.3113

Upcoming Events

  1. Whirling Dervish

    January 23
  2. Whirling Dervish

    January 24
  3. North Nicosia Walking Tour

    January 24
  4. Kyrenia Market

    January 24