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Turkish Companies Abandon Akkuyu Nuclear Power Project

Turkish Companies Abandon Akkuyu Nuclear Power Project

February 07
12:50 2018

Three Turkish companies have pulled out of the project to build Turkey’s first nuclear power plant.

North Cyprus News - Akkuyu Nuclear power stationCiting contractual problems, the Cengiz-Kolin-Kalyon consortium (CKK)who were partnered with Russia’s Rosatom, said they were unable to agree on commercial terms.

A draft agreement between the Turkish consortium and Rosatom was signed last June for the transfer of 49 percent of shares. Since then however, the sides have failed to reach a final agreement.

Rosatom plans to construct Turkey’s first nuclear power plant, Akkuyu, in the country’s southern province of Mersin on the Mediterranean coast.

The plant will have a capacity of 4,800 megawatts in four units and a working life of 8,000 hours per year.

Phase one of construction was intended to build two units with a capacity of 2,400 megawatts.

Hurriyet