49pct of Turkey's Akkuyu nuclear plant up for grabs

Claudine Rigal
Juin 19, 2017

"This gives us grounds to feel very confident and have the strength to take on new, ambitious global projects, including those that require financing", he said. A consortium of these three companies will buy 49 percent of our Akkuyu company.

No further details from the interested parties or the size of investments were given, however, Polovinkina said that 51 percent of the remaining shares would remain with Rosatom. The project will be financed by Rosatom and its partners and will involve loans from export-import agencies and banks, Anastasia Polovinkina, director of Rusatom's finance and investment analysis department told the conference.

According to Russian President Vladimir Putin, Russia would invest a total of $22 billion in the Akkuyu project.

Rosatom is increasing its overseas order book faster than expected and is confident it can continue to expand abroad, Komarov added.

"If everything goes well, we are going to launch the first bloc in 2023, on the 100th anniversary of the Republic of Turkey", Komarov said.

On June 15, Turkish Energy Market Regulatory Authority (EMRA) granted an electricity generation license to the Akkuyu Nuclear Company for a period of 49 years for its Akkuyu project in the southern Turkish province of Mersin.

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