Mitsubishi Heavy Industries Areva to win bid for Turkish nuclear plant

According to the Japanese business news service Nikkei, Mitsubishi Heavy Industries and Areva are set to win a $22 billion project to build a nuclear power plant in Turkey, Bloomberg reports. The Turkish energy minister has unequivocally denied media reports that a final decision had been made on which firm would build the plant.

The consortium will build four reactors for a total capacity of 4,500 MW in Sinop on the Black Sea coast. Construction is scheduled to begin in 2017, with the first reactor going online by 2023, according to the report.

Having imported $60 billion in energy in 2012, Turkey is seeking ways to reduce the country’s current account deficit, currently the third largest in the world. Speaking on television today, Turkey’s energy minister said the final phase of talks had not yet been reached.

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