Turkish companies interested in stake in Russian-backed Akkuyu nuclear plant

Turkish companies have expressed interest in acquiring a share in the Akkuyu Nuclear Power Plant project being built in Turkey with Russian investment, Russian President Vladimir Putin said. Putin made the remarks while viewing an exhibition held within the Russia-Africa summit. According to AZERTAC, which reported from Moscow on 28 October, the statement was made in this context.

Putin said a total of $25 billion is being invested in the station's construction and that the Russian side fully finances the project. "We build the station, own it and operate it. But today there are companies in Turkey that want to become participants in this process and are ready to buy part of the stake. We only welcome this," he said.

The plant is being built on Turkey's southern coast under an intergovernmental agreement signed by the two countries. The project is implemented by Akkuyu Nuclear, a company within Rosatom, the Russian state corporation. The station will have four power units, each equipped with a VVER-1200 reactor of the 3+ generation. Each unit will have a capacity of 1200 MW, and the total installed capacity will be 4800 MW.