08/04/2015 14:55
Turkey’s Akkuyu nuclear power plant to be built by company Cengiz Holding
Turkish Cengiz Holding has won the tender to build the marine hydro-technic structure for Turkey's first nuclear power plant in Akkuyu in the south of the country, the company announced on Tuesday.
The deal came on Tuesday. It will be a joint project with Rosatom, the Russian state atomic energy corporation, which signed an agreement with Turkey in 2010 to build and operate the country's first nuclear power plant.
The plant, which will have a life cycle of 60 years, will cost about $22 billion, and will be financed by Russia.
Construction will begin in 2016 and the planned four reactors are due to become fully operational in 2023.
Four firms gained the right last week to continue negotiations for the tender of the construction and design of Akkuyu's marine hydro technic structure estimated at about $1 billion.
According to the statement, Akkuyu's tender commission completed the evaluation of bids from companies and decided on Cengiz Holding's proposal.
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