Turkish company gets back contract in nuclear power plant after Erdogan-Putin meeting
Turkish construction company IC Ictas got back a deal from Russian Rosatom to build a nuclear power plant in Turkey’s southern Akkuyu after Turkey stepped in to solve a dispute between the two companies, Reuters reported.
The deal for the $20-billion nuclear power plant’s construction was blown off last month one-sidedly by Rosatom over what it called "numerous violations."
Rosatom said at the time it would continue construction with Russia-based TSM Enerji to finish work on the 4,800-megawatt plant, prompting reaction in Ankara.
After Turkish President Tayyip Erdogan and his Russian counterpart Vladimir Putin met on Friday in Uzbekistan, Russia's IFAX agency reported that Putin informed Erdogan that agreements on power plant construction were signed on Thursday.
Turkey aims to start operating the first reactor before a general election next year. The plant is expected to produce up to 10% of the country's electricity once all four reactors are in operation.