Turkish Parliament Okays Second Nuclear Project

The Turkish parliament has approved two agreements for construction of Turkey’s second nuclear power project. An inter-governmental deal with Japan sets out the legal framework for construction of a four-reactor plant at Sinop on the Black Sea coast. A host government agreement sets out commercial terms between Turkey and the developers.

The Turkish Atomic Energy Authority (TAEK) has chosen a consortium of Japan’s Mitsubishi and Itochu and France’s GDF Suez and Areva to build four 1.1GW PWRs at Sinop at a cost of around $22bn. TAEK has agreed with the IAEA to complete licensing for the project during 2015-17, with the aim of bringing the first reactor online in 2023. (CONTINUED - 239 WORDS)