Consortium to build $22bn nuclear plant

Turkey’s energy minister has confirmed that the government has picked a Japanese-French consortium to build the country’s second nuclear power plant, a project expected to cost an estimated $ 22 billion. The deal is expected to be signed by Turkey’s Prime Minister Tayyip Erdogan and his Japanese counterpart Shinzo Abe, who will be visiting Ankara, Energy Minister Taner Yildiz said. The consortium consists of Japan’s Mitsubishi Heavy Industries Ltd, one of the builders of the Fukushima plants, Itochu Corporation and French utility group GDF Suez, which will operate the 4,500-5,000 MW plant. The group has pledged to install an Atmea type nuclear plant, built by French nuclear engineering group Areva. Yildiz said Turkey will also be a shareholder. “Turkey will have a stake in the nuclear power plant that will be constructed in Sinop,” he said. The consortium will also carry out work to help determine a site for Turkey’s third planned nuclear power plant, Yildiz added. Turkey’s scarce energy resources mean it imports almost 97 percent of its energy needs. Prime Minister Erdogan has been an advocate of the country’s ambitious nuclear program, which aims to help reduce its dependence on hydrocarbon fuels by providing 10 percent of the country’s total electricity needs by 2030. Russia’s Rosatom is to build Turkey’s first nuclear power station, with its construction due to start in mid-2015 and first power due to flow in 2019, its deputy general manager said in February. That $ 20 billion plant at Mersin Akkuyu on the Mediterranean coast will also have four power units with an installed generating capacity of 4.8 gigawatts (GW). Source: ArabNews