Akkuyu Nükleer ● Company ● Russia ● Turkey 

The governments of Russia and Turkey signed a cooperation Agreement in Ankara on May 12, 2010. The Agreement provides for construction of a nuclear power plant consisting of four power units of NPP-2006 project with VVER-1200 reactors of total capacity 4.800 MW in Mersin province located on the southern coast of Turkey.

Under the terms of the Agreement, the Russian side registered a project company Akkuyu Nuclear JSC (Akkuyu Nükleer Anonim Şirketi) in Turkey on December 13, 2011. The shareholders of Akkuyu Nuclear JSC are the following companies, authorized by the relevant Government Executive Orders of the Russian Federation:

ShareholderShareholding ratio (in%) 
JSC Atomstroyexport2,267%
JSC Inter RAO0,820%
OJSC Concern Rosenergoatom21,948%
JSC Atomtechenergo0,025%
JSC Atomenergoremont0,025%
CJSC Rusatom Overseas74,915%
TOTAL100%

The first nuclear power plant (NPP) of Turkey will be constructed in Akkuyu locality situated within Buyukeceli towns borders in Mersin Provinces Gulnar District. The license of the NPP was obtained 36 years ago. The construction work of the NPP has been commissioned to Rosatom, a Russian state-owned company, through a direct intergovernmental agreement and without a tender process. The NPP is not wanted by two-thirds of the Turkish population and 80% of the people living in Mersin. Especially after the Fukushima accident, the project leads to preoccupation due to high risks and the regions proximity to earthquake fault lines. Additionally, due to the high cost of nuclear energy, long construction time, fuel import dependence and the close association of…

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