Rosatom makes first investment in Turkey nuclear project

Following a meeting between Turkish PM Recep Tayyip Erdogan and Russian president Vladimir Putin last week, Russia’s state-owned Rosatom has made its initial $700 investment in building Turkey’s first nuclear plant, according to Turkey's Sabah newspaper.

Capital inflow on the project will increase to $2.4 billion, Erdogan was reported as saying in the article. The entire Akkuyu nuclear plant will be financed by Russian state-backed companies to the tune of $25 billion. The four 1,200 MW AES-2006 reactors at Akkuyu are expected to begin construction in 2013 and scheduled to go online in 2020.

Subscribe to Nuclear Power International magazine

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...