Putin: Russia will spend $22 billion on building nuclear power plant in Turkey


Russia will invest $22 billion in the construction of the Akkuyu nuclear power plant in Turkey. This was announced by Russian President Vladimir Putin at a press conference after talks with Turkish President Recep Tayyip Erdogan.

“The total amount of Russian investment in it (the Akkuyu nuclear power plant construction project) will be $22 billion,” Putin said.

At the same time, the head of Rosatom Alexei Likhachev said that there is a list of companies that will claim 49% of shares in the Akkuyu nuclear power plant.

The intergovernmental agreement on the construction and operation of the first Turkish nuclear power plant was signed in 2010. The nuclear power plant will be built in the Mersin district in the southern Turkey. The total cost of the project was estimated at $20 billion. The facility is going to be built using the “build-own-operate” scheme, according to which Russia will build a station, and will produce electricity on it. The Turkish side counts on the launch of the first power unit in 2023.

It was also reported that after all power units are launched, Rosatom plans to attract foreign investors and sell 49% of the shares to them, retaining a controlling stake.

Earlier, Russian President Vladimir Putin denied statements that Russia spent $3.5 billion on the construction of the Akkuyu nuclear power plant in Turkey.

Source: NovayaGazeta