Turkish State Energy Company Seeking 10% Share In Akkuyu NPP Project - Rosatom Head

Turkish state energy company EUAS is seeking to get a 10-percent share in the project of the Akkuyu nuclear power plant (NPP), while Russian state nuclear corporation Rosatom also negotiates this issue with other companies, Rosatom CEO Alexey Likhachev said on Monday

MOSCOW (UrduPoint News / Sputnik - 08th April, 2019) Turkish state energy company EUAS is seeking to get a 10-percent share in the project of the Akkuyu nuclear power plant (NPP), while Russian state nuclear corporation Rosatom also negotiates this issue with other companies, Rosatom CEO Alexey Likhachev said on Monday.

"Now, I can just say that we hold talks with Turkish EUAS. There are a lot of [contractors], but I can tell about one of them ... it can be up to 10 percent with EUAS," Likhachev told reporters.

He did not specify on how many private investors are interested in buying a stake in the project.

According to the Russian-Turkish intergovernmental agreement on the construction of the Akkuyu NPP, the share that can be sold to external investors with the consent of the Turkish government cannot exceed 49 percent.

The Russian share in the project is no less than 51 percent.

The intergovernmental cooperation agreement to build the Akkuyu NPP was signed by Moscow and Ankara in April 2018. The plant's four 1,200-megawatt power units are each expected to produce about 35 billion kilowatt-hours per year. The project's total cost is about $20 billion. Turkey expects the plant's first unit to begin operating in 2023.