AKKUYU NUCLEAR 12/5/10: Akkuyu nuclear power plant

The Akkuyu NPP construction project in Turkey is the world's first NPP project implemented according to the BOO model (Build - Own - Operate).

http://www.akkunpp.com

AKKUYU NPP CONSTRUCTİON PROJECT

On May 12, 2010, the Governments of the Russian Federation and the Republic of Turkey signed a Cooperation Agreement providing for the construction of Akkuyu nuclear power plant comprised of four power units with VVER-1200 reactors with a total capacity of 4800 MW on the southern coast of Turkey in Mersin province.

Under the terms of the Agreement, on December 13, 2010, the Russian side established a project company in the territory of the Republic of Turkey - AKKUYU NUCLEAR Joint-Stock Company (AKKUYU NÜKLEER ANONİM ŞİRKETİ).

The Akkuyu NPP construction project in Turkey is the world's first NPP project implemented according to the BOO model (Build - Own - Operate). Under the long-term contract, the company has undertaken to provide the power plant's design, construction, maintenance, operation, and decommissioning.

The stake of Rosatom State Corporation in the project is 99.2%. The total project cost is estimated at 20 billion US dollars.

To date, the Akkuyu NPP construction project is in an active phase. All construction work and infrastructure development activities at the Akkuyu NPP construction site are being performed subject to mandatory implementation of the current norms and laws of the Republic of Turkey, as well as the recommendations of the International Atomic Energy Agency (IAEA) for the entire period of construction and operation of the nuclear power plant.

AKKUYU NUCLEAR JSC is closely cooperating with the Turkish side in developing efficient partnering relationships. Regularly held are negotiations and working consultations, meetings to harmonize design solutions and licensing issues with the Ministry of Energy and Natural Resources of the Republic of Turkey, Ministry of Environment and Urban Planning, Ministry of Water and Forestry, Treasury and government organizations: EUAS (Electricity Generation Company), TEIAS (State-owned Electricity Grid Company), NDK (Nuclear Regulatory Agency), TAEK (Turkish Atomic Energy Authority), and other agencies.

The main volume of supplies of equipment and high-tech products in implementing the project falls on Russian enterprises, but the project also provides for maximum participation of Turkish companies in construction and installation works, as well as involving companies from other countries. In the long run, Turkish specialists will be engaged in operating the nuclear power plant at all stages of its life cycle.

According to the Intergovernmental Agreement, Turkish students are being trained in Russian universities under the nuclear power generation industry specialist curriculum. Today, Turkish students are studying at National Research Nuclear University MEPhI (Moscow Engineering Physics Institute) and St. Petersburg Polytechnic University (SPbPU). Turkish young specialists will join the operational staff of Akkuyu NPP after they have completed the training course at the educational and technical centers of Rosatom upon graduation.