Home News Business News Rosatom starts building of the Akkuyu nuclear power plant in April 2018

Rosatom starts building of the Akkuyu nuclear power plant in April 2018

Akkuyu nuclear power plant

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The Russian state-owned corporation, Rosatom, plans to start building of the Akkuyu nuclear power plant in Turkey in April 2018. To start the construction are required 101 licenses are required, while the company already received 90 of them.
“At the beginning of April, the first concrete is planned to be poured out on the ground in Akkuyu”, said the President of Rosatom, Alexey Likhachev.
The Akkuyu nuclear power plant with four WWER-1200 energy units should be built in the Mersin County on the Mediterranean coast by 2021. An agreement on this was signed by Russia and Turkey in May 2010.
The total volume of the investment is estimated at 22 billion USD.
The first unit in the plant is expected to be commissioned in 2023.
Currently the project is financed entirely by the Russian side. Rosatom has the right to sell up to 49% of the interest to investors after recently the Turkish consortium, which was due to be involved in construction, has dropped out of the project.