Russian nuclear giant Rosatom said the possibility of selling a 49% stake in the Akkuyu Nuclear Power Plant project was stipulated in the 2010 intergovernmental agreement on the project implementation.
"The negotiation process is still ongoing. We are discussing with potential partners, including Turkish companies. Under the terms of the agreement, all partner options must have mandatory coordination with the Turkish side," Rosatom said.
Previously, Bloomberg reported that Rosatom is negotiating to sell 49% of the $25 billion plant's shares to Turkish and foreign investors. The first phase of the plant is in the testing phase and is expected to start supplying electricity in 2026.
The previous share sale in 2018 failed to achieve the expected results when a consortium of three Turkish companies, Cengiz Holding AS, Kolin Insaat Turism Sanayi ve Ticaret AS and Kalyon Insaat Sanayive Ticaret AS withdrew due to failure to reach a trade terms agreement.
The Akkuyu nuclear power plant is being built by Rosatom in Turkey, including four Russia-designed 3+ generation VVER reactors, each with a capacity of 1,200 MWt.
Mr. Anton dedusenko, Chairman of the Board of Directors of the company implementing the Akkuyu Nuclear Project, shared on July 1: Currently, work at the Akkuyu construction site is being implemented at plant No. 1, which is in the testing phase. This means that all major construction items of the power plant complex have been completed, while important parts and systems are being inspected and adjusted to be ready for power generation".
He added that the Akkuyu Nuclear Power Plant construction project is an international project, with more than 10 countries participating and using equipment from many countries.
The project has signed contracts with hundreds of local companies, creating thousands of new jobs and business opportunities. According to the Silifke District Department of Commerce and Industry, about 1,000 new enterprises have appeared in the area since the nuclear power plant started construction.
In other developments, Rosatom said that the construction of plant 1 and 2 of the Kola 2 Nuclear Power Plant, located in Russia's Murmansk region, is expected to take place in the period of 2027-2037.
" Kola 2 will be the first facility to use a modern plant with an average capacity of 600 MW. The implementation of the project will facilitate socio-economic development in the region and open up opportunities for new industrial projects here" - said Rosatom Alexey Likhachev.
