The Turkish energy regulator, Energy Market Regulatory Authority (EMRA), has granted a 49-year power generation license to the Akkuyu Nuclear Power Company, a joint venture of Russian companies Rosatom (93%), Inter RAO UES (3.5%) and Atomstroyexport (3.5%).
The Akkuyu nuclear power plant, estimated at US$20bn, will consist of four 1,200 MW VVER reactors with a combined capacity of 4,800 MW. Commissioning, initially expected in 2020, has been delayed to late October 2023 to mark the centennial anniversary of the Turkish Republic. The construction was suspended in late 2015, as a result of the degradation of relations between Russia and Turkey, after Turkey downed a Russian warplane. 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.
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