Regional nuclear power takes another leap forward
Turkey confirms $22bn project whist UAE & Japan strike nuclear deal
Turkey has confirmed that it has signed a US $22 billion deal with Mitsubishi Heavy Industries and Areva for the construction of the country’s second nuclear power plant. The plant, planned to have four reactors with a total output of around 4.5 GW, is set to be sited in Sinop province on the Black Sea coast.
Reports of the deal first emerged in early April, although no party to the contract confirmed it at that time. Construction is expected to start in 2017, with the first reactor set to be supplying the country’s grid by 2023. GDF Suez has signed a separate agreement that will then see it operate the plant.
Turkey is currently looking at nuclear power as one means to reduce its dependence on imported energy – reported by Bloomberg at $60 billion through 2012. Rosatom is already preparing to start work on Turkey’s first nuclear plant, which is expected to start supplying some of its final 4.8 GW capacity by 2019.
Elsewhere in the region, reports have said that the UAE and Japan have signed a cooperation deal that will see the two country’s cooperate on nuclear energy development. The UAE is currently developing its first nuclear power plant at Barakah, Abu Dhabi and has previously agreed deals with other nations that include nuclear fuel arrangements and technology-sharing agreements.