MHI launch new nuclear business unit in preparation for Sinop

Mitsubishi Heavy Industries (MHI) is to set up a new business unit, the "Turkey Nuclear IPP Development Department," next month as it continues to prepare for greater involvement in the Sinop nuclear power plant (NPP) project under way in the Republic of Turkey.

The aim behind its creation is to accelerate formulation of the specific project conditions: for example, the financing framework and power purchase agreement.

The Sinop project calls for the construction and operation of four NPPs in the Sinop Province of Turkey's Black Sea coast.

The tasks performed by the Turkey Nuclear IPP Development Department will include implementation of a feasibility study, negotiation of various contract agreements, preparation of a financing scheme, and planning of localization and technology transfer.

Plans for the Sinop project call for the adoption of the ATMEA1, a state-of-the-art nuclear reactor developed by ATMEA, a joint venture between MHI and France's AREVA. The Generation III+ type pressurized water reactor (PWR) has a capacity in the 1,100 MWe (megawatts electrical) class and is recognised for its extremely high reliability and safety.

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