Turkey to construct fourth nuclear power plant

Turkey to construct fourth nuclear power plant

 

By Manolis Kostidis – Ankara

Turkey is expanding its nuclear plans and, according to Prime Minister Recep Tayyip Erdogan, is to build its fourth nuclear power plant.

Until now it was known that Ankara would construct three power plants by 2023. The Turkish PM however revealed in a speech in Trabzon that a nuclear plant will be built along with the other three.

According to Aksam newspaper, the fourth nuclear plant will be ready by 2030 at the latest and the government’s main aim is for its construction to be carried out by Turkish scientific staff which has relevant experience from building other plants.

Two months ago Turkey made the second step in building a second nuclear plant. Recep Tayyip Erdogan signed the relevant agreement with Japanese counterpart Sinzo Abe. The two leaders officially announced the construction of the plant in Sinop, northern Turkey.

This particular plant will cost approximately USD 23 billion and will have the capacity to produce 4800 MW of electricity. It is expected to be delivered by 2022 or 2023.

Two years ago Turkey signed a contract with Russia to create a nuclear power plant in Akkuyu, southern Turkey, which is expected to be ready in 2019. The plant is expected to reach USD 20 billion.

The contract for the construction of the third nuclear plant is expected to be signed in 2015 and, according to sources, the plant will be situated in western Turkey, near Istanbul and possibly in eastern Thrace.

Meanwhile, there is relief in Ankara with the agreement on the nuclear capabilities of Iran. The lifting of some sanctions will help Turkey obtain more oil and natural gas from Tehran if needed. It could also export products in order to reduce its trade deficit which stands at USD 30 billion with Iran.