Rosatom Agrees To Sell 49% Stake In Turkey’s Akkuyu Project

20 Jun (NucNet): Russia’s state-owned nuclear corporation Rosatom has agreed to sell a 49% stake in Akkuyu Nuclear, the joint stock company developing Turkey’s planned Akkuyu nuclear power station project, the company said in a statement yesterday. According to the statement, the stake will be acquired by a consortium consisting of three large Turkish industrial holding companies – Cengiz Holding , Kolin İnşaat Turizm Sanayi ve Ticaret, and Kalyon İnşaat. Akkuyu Nuclear said the value of the sale will not be disclosed until the signing of a final investor agreement, expected before the end of 2017. The Akkuyu plant is to be built near Mersin on Turkey’s southern Mediterranean coast for €20bn ($22bn) under an intergovernmental contract signed in 2010. The station will have four 1,200-MW VVER units expected to come online in 2023. Six Rosatom subsidiaries, including Rusatom Overseas and Rosenergoatom, together own 100% of the Akkuyu project. Last week, the Turkish Energy Market Regulatory Authority (EPDK) issued a 49-year power generation licence to Akkuyu Nuclear. The company said at the time that the main construction permit and first concrete pouring at Akkuyu are expected in March 2018.