Turkey Expects USD 16 B Revenues of Nuclear Projects

Turkey could count on USD 16 B of revenues from its two planned nuclear projects, the country's Economy Minister Taner Yildiz said Monday.

Yildiz said that Turkish companies are to not only significantly contribute to the construction, but also produce some of the electrical components and machinery needed at the plants, the Daily Sabah newspaper has reported.

About 20 000 jobs will be created by 460 local companies for the two projects, with 80% of them to be taken by Turks.

Yildiz also expressed confidence that the nuclear plants will reduce Turkey's energy spending, as the country is forced to import the bulk of its resources.

He added they might lower deliveries of natural gas by USD 7.2 on a yearly basis.

Akkuyu NPP is to be built jointly with Russia's Rosatom near the Mediterranean city of Mersin, while the other nuclear power central will be erected on the Black Sea coast by a French-Japanese consortium.