The Japanese government’s strategy to export nuclear power technology to Turkey has run aground with Ankara mulling the fate of the nuclear power plant in Sinop, Nuclear News website reported. Sinop is set to become home to Turkey’s second nuclear power plant which is expected to have a 4,480-megawatt capacity of electricity generation with four reactors, each with 1,120-megawatt capacity; however, the initial cost for the project of 2.1 trillion yen ($ 20 billion) catapulted to 4 trillion yen ($ 38 billion) since the agreement for the plant was signed in 2013, causing hesitation for both Japanese corporation Itochu and Turkey. “The Turkish government is in the midst of evaluating the project. I believe it will respond to us in some way or other,” the site quoted Shunichi Miyanaga, president of Mitsubishi Heavy Industries Ltd., as saying. The project not become profitable unless Turkey purchases the generated electricity at a higher price than originally expected, it said, adding that unless Turkey complies with the increased burden, Japan would withdraw from the plan.
Ahval 7th Jan 2019 read more »