Nuclear power company Akkuyu Nukleer has cancelled its contract with a Turkish builder and replaced it with a Russian contractor for the leftover work on Turkey’s $20bn nuclear plant, reported Bloomberg.

Russia’s state-run Rosatom controls Akkuyu Nukleer.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

After annulling an engineering, supply and construction contract with Ankara-based IC Ictas, Akkuyu Nukleer signed a contract with Mersin-based TSM Enerji Insaat, which is owned by three Russian companies.

Although Akkuyu Nukleer did not furnish any reasons for the cancellation, it stated that contractors in the project need to have the ‘competence’ to carry out work at an ‘intense tempo’.

IC Ictas, however, has blamed Rosatom of trying to “reduce Turkish corporate presence” in this project.

See Also:

Akkuyu Nukleer CEO Anastasia Zoteeva noted that the count of Turkish firms and workers will continue to increase in this project.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

To reduce the dependency on imported energy, Turkey is constructing the 4.8GW nuclear plant in Akkuyu, close to the Mediterranean port city of Mersin.

In 2010, Turkey signed a contract with Russia for construction of the nuclear power facility.

Turkey expects the first of the four reactors at the plant to become operational by 2023.

Last week Rosatom sent around $5bn to Akkuyu Nukleer.

In the weeks to come, Rosatom will transfer similar amounts to Akkuyu Nukleer, reported the media outlet, citing people familiar with the matter.
——————————————————————————————————————
Image: In 2010, Turkey signed a contract with Russia for construction of the nuclear power facility. Credit: BIld av Stefan Kuhn från Pixabay.