Sign-up now for Totally free unlimited entry to Reuters.com
ISTANBUL, July 30 (Reuters) – Russia’s Rosatom has awarded TSM Enerji the agreement to undertake the remaining development perform at the $20 billion nuclear electric power plant it is building in Akkuyu in southern Turkey, the firm explained on Saturday.
Akkuyu Nukleer, a Rosatom subsidiary that is building 4 reactors at the website on the Mediterranean, stated it had signed the engineering, procurement and development agreement with TSM soon after terminating its agreement with Turkish organization IC Ictas.
TSM is owned by 3 Russia-based corporations, according to the Turkish trade registry.
Sign-up now for Free of charge unlimited accessibility to Reuters.com
“All will work below present subcontracts will be transferred to TSM … Very similar new contracts will be signed among TSM and subcontractors,” Akkuyu Nukleer stated in a assertion, without the need of indicating why the IC Ictas arrangement had been terminated.
It claimed the agreement with TSM would be certain function was finished by formerly agreed dates and that personnel have been paid on time.
The Turkish govt aims to get started operating the initially reactor at the full 4,800-megawatt (MW) plant prior to a standard election subsequent calendar year.
President Tayyip Erdogan has beforehand recommended that Turkey could do the job with Russia on the building of two even more vegetation.
The plant is envisioned to produce up to 10% of the country’s electrical power after all four reactors are in procedure.
Register now for No cost endless obtain to Reuters.com
Reporting by Can Sezer
Composing by Ezgi Erkoyun
Enhancing by Helen Popper
Our Benchmarks: The Thomson Reuters Trust Rules.