The Ministry of Energy of Turkey expects the first 1,200 MW reactor of the 4,800 MW Akkuyu nuclear project to be commissioned by the end of 2023.
The Akkuyu nuclear project is developed by RosEnergoAtom (93%), Inter RAO UES (3.5%) and Atomstroyexport (3.5%). Total investment is estimated at US$20bn. Commissioning, initially expected in 2020, was delayed in March 2015 to 2022 at the earliest and now to late 2023. The construction was suspended in late 2015, as a result of the degradation of relations between Russia and Turkey, after Turkey downed a Russian jet. Negotiations resumed in August 2016 and Turkey and Russia are now seeking to accelerate the project. When commissioned, Akkuyu will generate enough power to meet 28% of the current power demand in Turkey.
Turkey is also developing gas and renewables. The country aims to become a major hub for energy trading (especially gas). New gas storage facilities near Ankara are expected to be commissioned in January 2017 and existing storages will be upgraded as of 2019. A floating storage and regasification unit (FSRU) is also under consideration.
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