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Ankara-Moscow ties improvement to speed up Akkuyu’s construction

Economy Materials 16 August 2016 19:14 (UTC +04:00)

Baku, Azerbaijan, Aug. 16

By Orkhan Guluzade – Trend:

Improvement of relations between Ankara and Moscow will accelerate the construction of the Akkuyu nuclear power plant in Turkey, President of the International Association for Energy Economics (IAEE) Gurkan Kumbaroglu told Trend Aug. 16.

He said the slightest error in the construction of a nuclear power plant can lead to serious consequences, therefore, Akkuyu is being constructed at a slow pace and at a high quality.

“Turkish companies are interested in participation in the construction of the Akkuyu nuclear power plant,” Kumbaroglu said. “Participation of Turkish companies in the construction will help resolve economic problems, if there are any.”

The intergovernmental agreement between Russia and Turkey on cooperation in construction and operation of the country's first nuclear power plant Akkuyu near the city of Mersin in southern Turkey was signed in 2010.

The project's cost nears $20 billion. The Akkuyu plant is projected to generate about 35 billion kilowatt hours of electricity per year.

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