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16 June, 2021
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Russia can build Turkey power station alone

Minister says Russia is able to complete construction of Akkuyu nuclear plant even if it is unable to attract other investors

Source: Reuters

Russia is able to complete the construction of Turkey’s Akkuyu nuclear power plant even if it is unable to attract other investors, Russian Energy Minister Alexander Novak said.

“Already, $3 billion has been invested... If they won’t find an investor, it means that the plant will be built by Akkuyu Nuclear,” Novak said, referring to a company owned by the Russian state nuclear company Rosatom.

Russian firm Rosatom has been seeking investors for a 49 percent stake in the Akkuyu nuclear power plant project.

The project is planned to be financed by Rosatom and its partners involving loans from export-import agencies and banks.

Cyprus says it will protest to the nuclear plant being build as it poses a danger to the island.

Turkey  |  Russia  |  nuclear  |  Cyprus

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