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Nuclear projects to provide $16 billion to Turkish companies

Staff writer |
Turkey's first and second nuclear power plant projects will provide Turkish companies with $16 billion worth of gains, the deputy undersecretary of the country's Energy and Natural Resources Ministry said.

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Necati Yamaç spoke about the country's upcoming nuclear projects at the second Istanbul Nuclear Power Plants Summit, sponsored by Anadolu Agency.

The agreement for Turkey's first nuclear power plant project, Akkuyu, was signed with Russia in 2010 and the second, the Sinop nuclear power plant, was signed in 2013 with Japan, Yamaç said. He expressed his belief in the importance of increasing the capability of Turkish companies in the nuclear sector.

The nuclear power plants are not just viewed as ways to generate electricity but are also projects to strengthen the country's industrial power, human resources and improve search and development activities, he added.

"The summit allows Turkish and international firms to come together for possible collaborations in the nuclear energy sector," he added.

The Akkuyu nuclear power plant will generate 35 billion kilowatt-hours of electricity per year. The plant will also provide nearly 14 percent of Turkey's demand for electricity.

Yamaç's official appointment to the post of deputy undersecretary was announced in the March 19 issue of the Official Gazette.

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