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49% of Turkey's Akkuyu Nuclear Plant Up for Grabs

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 Rusatom 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.

(Anadolu Agency, 19 June, 2017)

IENE EVENTS 11th SE Europe Energy Dialogue

EVENTS Energy and Geopolitical Challenges in the East Mediterranean and MENA and the Role of Greece European Gas Conference 2018

COOPERATING ORGANISATIONS IEA WEC Energy Community BBSPA EPG AERS ROEC BPIE RCEN Geothermal Finance and Awareness in European Regions