Turkey, Russia may create fund for Akkuyu NPP project
Baku, Azerbaijan, Aug. 31
By Rufiz Hafizoglu – Trend:
Turkey and Russia may create an investment fund for financing of the Akkuyu Nuclear Power Plant (NPP) project, said Turkey’s Economy Minister Nihat Zeybekci Aug. 31 in his interview with TRT Haber news channel.
Zeybekci said that other joint projects can also be financed through this fund.
The intergovernmental agreement between Russia and Turkey on cooperation in construction and operation of the Turkey’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.
The power plant’s construction was frozen after the crisis in relations between Turkey and Russia. Turkish president’s visit to Russia on Aug. 9 was the first visit to Russia after the crisis in relations and also after the attempted military coup in Turkey. During the visit, Moscow and Ankara agreed on construction of the Turkish Stream gas pipeline and Akkuyu Nuclear Power Plant.
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