EPDK, at its meeting this week, set rules for the letter of bank guarantee to be given by the Russian company which will build the power plant in southern Turkey.
Accordingly, a company will be established with a minimum capital of 1.44 billion Turkish lira for the 4,800 megawatt-nuclear power plant in Akyazi which is expected to cost about $20 billion.
The company will give a letter of bank guarantee of 157.2 million TL while applying EPDK for licence in the coming months.
In May 2010, Turkey and Russia signed a deal for construction of Turkey's first nuclear power plant in Akkuyu, a small town on the Mediterranean coast. Russian state-owned atomic power company ROSATOM is likely to start building the Akkuyu nuclear power plant in 2013 and the first reactor is planned to generate electricity in 2018. |
Source : en.cumhuriyet.com
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