When the Chernobyl-entailed mass hysteria slowly started to fade in the late 1990s, Russia was nowhere to be seen in the list of interested parties – at that time it seemed that either Westinghouse of Framatome (the predecessor of Areva) would get it. However, by the time the Turkish government issued a tender for the construction of Akkuyu, only Rosatom filed an official bid to build four 1200MW pressurized water reactors, supported by a commitment to dispose of all the plant’s used nuclear fuel. From there on, things took a swift turn – an intergovernmental agreement was signed in 2010, the legislative basis for the construction was erected (as Turkey had previously no comprehensive set of laws for nuclear energy), a limited construction resolution was issued in 2016 to be followed two years later by the official start of construction works. The plan is to commission the nuclear plant in 2023 when the Turkish Republic celebrates its centenary. Interestingly, the nuclear project went forward despite significant turbulences in the Russo-Turkish relations, such as the 2015 shooting down of a Russian fighter jet over (allegedly) Syrian territory.
Oil Price 2nd Feb 2019 read more »