Russia's Rosatom Plans to Sell 49 Percent Stake in Turkey's Nuclear Plant

Published June 21st, 2017 - 11:58 GMT
Model of Turkey's Akkuyu nuclear plant. (Anadolu)
Model of Turkey's Akkuyu nuclear plant. (Anadolu)

Russia's national nuclear energy company, Rosatom, plans to sell a 49 percent stake in Turkey's Akkuyu nuclear power plant project to investors, according to Anastasia Polovinkina, Rosatom's subsidiary Rosatom Energy International's ‎director for debt finance and investment analysis on Monday.

The plant is estimated to meet around 6-7 percent of Turkey's electricity demand.

The Akkuyu Nuclear Power Plant will have a capacity of 4,800 megawatts in four units and a working lifetime of 8,000 hours per year.

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.

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.

Late last year, Rosatom officials had discussions with a Turkish consortium of contracting conglomerates, Cengiz-Kolin-Kalyon, for the sale of an undisclosed stake in the project.

By Emre Gurkan

 


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