Russia may sign nuclear deal in Turkey

According to Russian Interfax agency, Russia and Turkey may sign an agreement to build a nuclear power plant in Turkey during an official visit by President Medvedev to Ankara May 11-12. The project would be the first in which Russia builds a power station abroad and owns and guarantees the electricity supply afterwards, the Moscow-based news service reported, citing Russian Energy Minister Shmatko.

In early 2010, Turkey decided to proceed with a government-to-government agreement with Russia instead of conducting another tender. Adding a new dimension to the current energy dependence on Russia (60 percent of Turkey`s imported gas for generating electricity comes from Russia) is not seen as a wise move by energy analysts. However, previous attempts to attract Western nuclear companies failed due to the problems with the designated tender structure.

Source: Today’s Zaman



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