Rosatom to sell 49% stake in $22bn Turkish nuke power plantJune 20, 2017 - 13:42 AMT PanARMENIAN.Net - Russian State Atomic Energy Corporation Rosatom wants to sell 49 percent of the Akkuyu nuclear power plant (NPP) it is building for Turkey. Russia will retain a controlling stake after the sale, RT reports. "Rosatom's goal is to attract investors by the end of 2017. We want to offer a 49 percent stake in the project to investors,” said Rosatom spokesperson Anastasia Polovinkina. She added that Russia and Turkey have reached an agreement that electricity generated by the NPP will be distributed mostly by Turkish firm Tetas. "Most of the electricity will be sold by Tetas and a small part will be sold on the open market," Polovinkina said. Last week, Akkuyu Nuclear, the company in charge of the project, received a license to generate electricity for 49 years. Russia and Turkey agreed to construct the NPP in 2010. It will consist of four reactors with a total capacity of 4,800 MW. Located in the Mersin province on the southern coast of Turkey it is the country's first nuclear power plant. President Vladimir Putin has said Russia would invest $22 billion in Akkuyu. The first stage of the NPP is expected to be opened in 2023, according to Ankara. Once operational, the plant is expected to meet around 6-7 percent of Turkey's electricity demand. The power plant will have a service life of 60 years and a working lifetime of 8,000 hours per year. The project has repeatedly been delayed, including being halted after Turkey downed a Russian jet in Syria in 2015. Ties between Moscow and Ankara have improved and work on the plant has resumed. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Caring for nature, we have started with ourselves - Team Telecom Armenia Team Telecom Armenia summarized the work undertaken within the company in the direction of environmental protection. Residents of border Armenian villages continue protests Residents of several Armenian communities in Tavush province continued protests into April 22 morning. U.S. welcomes Armenia, Azerbaijan’s border delimitation announcement Blinken said it is an important step towards concluding a durable and dignified peace agreement. Residents Of border villages protest as Armenia, Azerbaijan agree on delimitation Residents of several Armenian communities in the northeastern Tavush province began protests late on Friday. |