Turkey’s planned $20 billion Russian-built nuclear plant facing delay

Turkey’s first nuclear power plant is likely to miss its 2023 target start-up date as Russian builder Rosatom struggles to find local partners, two people familiar with the matter said.

The $20 billion project is part of President Tayyip Erdogan’s “2023 vision” marking 100 years since the founding of modern Turkey.

Rosatom is looking at four Turkish companies as possible partners, but little progress has been made so far, said one of the sources, both of whom declined to be identified because the information is not yet public.

Rosatom said last month it was in talks with state-owned power producer EUAS after a deal with a consortium of three firms collapsed.

“Concrete progress has not been made in the talks so far, and this includes EUAS from the government side,” one source said, adding that Rosatom was keen to have a government entity such as EUAS as a shareholder.

Rosatom is looking for Turkish partners to take a 49 percent stake in the planned Akkuyu nuclear plant in southern Turkey.

But the government is wary of EUAS taking on the 49 percent stake by itself. Reuters

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