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Rosatom Negotiates Sale of Stake in Akkuyu Nuclear Plant

Rosatom is negotiating to sell up to 49 percent of its stake in the Akkuyu nuclear power plant project in Turkey to external investors, Izvestia reported.

Rosatom Negotiates Sale of Stake in Akkuyu Nuclear Plant



Russian state corporation Rosatom is negotiating the sale of a stake in the Akkuyu nuclear power plant project to external investors, Izvestia reported.

The Russian side may sell up to 49 percent in the project. The sale could be made either as a single package or to several companies.

Photo: Akkuyu Nuclear JSC

Under the terms of an intergovernmental agreement concluded in 2010, the Russian side will maintain a share of at least 51 percent throughout the entire implementation of the project.

Previous Contenders and Construction

This is not the first attempt to transfer assets in the project. Businessman Ahmet Calik, who is close to Turkish President Recep Tayyip Erdogan, was among the first contenders.

Deputy Chairman of the Russian Government Alexander Novak previously said Rosatom is continuing construction of Turkey's first Akkuyu nuclear power plant, effectively creating a new nuclear energy industry in the country.

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