Decision to continue with Turkish company in Akkuyu Nuclear

At Akkuyu Nuclear Power (ANG) Power Plant, it was decided to continue with the Turkish company. Russian President Vladimir Putin approved the agreement between the two companies.

According to HabertürkOn July 26, the Russian side canceled the engineering, purchase and construction agreement with IC İçtaş from Turkey for the Akkuyu Nuclear Power Plant, which is under construction in Mersin.

It was stated that the company will continue with the company called TSM Energy, which was founded by three Russian partners on July 30, and the issue was moved to the highest level negotiations between the two countries upon the objection of the domestic partner. Finally, with the agreement reached, it was stated that while the negotiations between the Russian and Turkish companies were continuing, Russian President Vladimir Putin approved the agreement between the two.

WHICH COMPANIES ARE PARTIES TO THE CONTRACT?

The company, which was referred to as the Project Company in the contract, is today Akkuyu Nuclear A.Ş. the so-called company. The company, which has a capital of approximately 7.2 billion TL, has 5 Russian shareholders.

According to the information on the Akkuyu Nuclear AŞ website, the current shareholders of the company consist of companies authorized by the relevant decree of the Government of the Russian Federation.

The 5 founding partners of the company, which was established in December 2010 under the name Akkuyu NGS Elektrik Üretim AŞ, which is officially registered in Turkey, were Russian companies.

According to the company’s statement, IC İçtaş İnşaat is not a party to any direct contract with Akkuyu Nuclear AŞ. The agreement was signed between Titan 2 IC İçtaş A.Ş and Akkuyu Nuclear A.Ş., which was established together with the Russian Titan-2 company. signed between

Akkuyu NPP construction project is defined as the first NPP project in the world to be built with the ‘Build, Operate, Own’ model. Rosatom State Corporation’s share in the project is 99.2 percent.

The total cost of the project is approximately $20 billion.

The foundation of the fourth reactor unit was laid two weeks ago, and it is aimed to have a capacity of 4,800 megawatts.

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