Russia signs deal to build Turkey's first nuclear power plant
Russia on Wednesday signed a deal to build and operate Turkey's first nuclear power plant, a project estimated to cost up to 20 billion dollars (15.8 billion euros).
The deal, signed by Russian Deputy Prime Minister Igor Sechin and Turkish Energy Minister Taner Yildiz during a visit by Russian President Dmitry Medvedev, calls for cooperation on building and operating a nuclear power station at Akkuyu on Turkey's Mediterranean coast.
"This is a very important step," Turkish Prime Minister Recep Tayyip Erdogan said, adding that construction would begin after both countries' parliaments ratify the accord.
Russia has long looked to build Turkey's first nuclear power plant, but a Turkish court last year scrapped a tender won by a Russian-led consortium.
The consortium, led by Russia's state nuclear giant Atomstroiexport, had been the only bidder in the tender to build four nuclear reactors with a total capacity of 4,800-megawatts at Akkuyu.
"It is a very big contract," Sergei Kiriyenko, the head of Russian nuclear corporation Rosatom, told reporters ahead of Wednesday's signing. "An approximate price of such a project is around 18-20 billion dollars."
Kiriyenko said Russia would own the plant, holding "no less than a controlling stake.
"It's a principally new situation," he said. "Russia has never before owned a nuclear power station outside its territory," he added. "For us it is an extremely important contract."
Russia signs deal to build Turkey's first nuclear power plant - Europe - World - The Times of India