Tuesday, April 30, 2013

Turkey Set to Confirm Plans for Construction of $22 Billion Nuclear Power Plant

Taner Yildiz, the energy minister for Turkey, has said that an announcement will be made by the weekend as to which country, and which companies, will win the contract to build Turkey’s second nuclear power station.

Experts have estimated that Turkey will overtake Britain as Europe’s third largest user of electricity within a decade, and in preparation for this, as well as an attempt to reduce their dependence on imported oil and gas, Turkey has set out plans to construct several new nuclear power plants.

Yildiz said that “China and Japan are the front runners” to build the $22 billion power plant, but a consortium of Japanese companies including; Mitsubishi Heavy Industries Ltd, and Itochu Corp, along with GDF Suez of France, are expected to be the overall winners of the tender.

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