‘Turkey’s First Nuclear Power Plant Set For Investor Shake-Up’

‘Turkey’s First Nuclear Power Plant Set For Investor Shake-Up’

The Turkish consortium that was to build Turkey’s first nuclear power plant in a joint venture with the Russian atomic energy agency has pulled out of the ambitious project, reports said today.

The Cengiz-Kolin-Kalyon (CKK) consortium — made out of three major privately-owned Turkish industrial conglomerates — has left the project due to a failure to agree commercial terms, the state run Anadolu news agency said.

Contacted by AFP, Cengiz Holding, one of the companies in the consortium, declined to comment.

A Russian newspaper carried a similar report, saying that the private companies would be replaced by a state-run Turkish energy firm.

Russia’s state atomic energy cooperation Rosatom is to build the plant at Akkuyu in the southern Turkish Mediterranean province of Mersin. Read More…

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