Nuclear power

Russia's state-owned nuclear energy conglomerate Rosatom agreed to sell a 49 percent stake in a giant nuclear project in southern Turkey to Turkish investors in a preliminary agreement on June 19 on the sidelines of a nuclear conference in Moscow.

Russia's Rosatom plans to sell a 49 percent stake in the Akkuyu nuclear power plant project to Turkish conglomerate Cengiz-Kolin-Kalyon and will sign a preliminary deal on June 19, the head of Rusatom Energy International said.

Last week, Rosatom won approval from Turkey's energy watchdog to go ahead with building the $20 billion Akkuyu project.

Russia's Rosatom plans to sell a 49 percent stake in the Akkuyu nuclear power plant project to Turkish conglomerate Cengiz-Kolin-Kalyon and will sign a preliminary deal on June 19, the head of Rusatom Energy International said.

Last week, Rosatom won approval from Turkey's energy watchdog to go ahead with building the $20 billion Akkuyu project.

Turkey's energy watchdog has given a power generation license to Akkuyu Nuclear JSC for a 49-year period, starting as of June 15. 

In a statement, the Energy Market Regulatory Authority (EPDK) reclled that it had issued a preliminary license for power generation to the company for a three-year period. 

The fifth block of Kozloduy Nuclear Power Plant (NPP) in Bulgaria is currently stopped because of the planned yearly renovation and modernization, reported BNR.

France's oldest nuclear power reactor will stop electricity production by April 2020, once a new generation EPR reactor under construction in Flamanville is operational, according to a decree issued in the country's official gazette on April 9.

All employees and workers laid off from the Belene port after 2012 have been reinstated in order to prepare the facility for the arrival of the two nuclear reactors ordered for the unfinished project for a second nuclear power plant. Because of their size, the reactors are expected to be transported along the Danube river in the beginning of April.

The Ankara Chamber of Industry and several Russian institutions have signed a memorandum of understanding to cooperate in the training of workers for the construction of nuclear power facilities in southern Turkey.

The Bulgarian Nuclear Regulatory Agency is expected to complete the evaluation of the documentation and issue a license for the Fifth Unit of the Kozloduy NPP by September 2017, which will allow the unit to operate for another ten years, announced the chairman of the nuclear regulator Latchesar Kostov.

A government-led rescue of French nuclear group Areva and the wider atomic energy industry may cost the state as much as 10 billion euros, but political support is almost certain whoever wins the presidential election in May.