The project of constructing a nuclear power plant by South Korea in Turkey may be under question unless the sides agree on the five main issues, RIA Novosti reports, citing the head of the Turkish Minister of Energy, Taner Yildiz.
The memorandum on construction of a power plant by the South Korean energy company KEPCO in the Black Sea province of Sinop was signed in Seoul in June and is worth $20 billion. The Korean side presented the technical-economic basis of the project to the Turkish Ministry of Energy and Natural Resources. The Turkish side will answer on September 15th, Yildiz said in an interview to ‘Aksham’.
The sides need to agree on financing of the construction, partnership structure, sharing the risks, utilization of waste and dismantling of the power plant.
If Turkey gives a positive answer, the agreement will be signed on November 11th in Seoul at the G-20 summit, in which Turkish Premier Recep Tayyip Erdogan is taking part, ‘Aksham’ reports.
After successful accomplishment of technical work on the project, Turkey will sign an inter-governmental agreement, similar to the one signed with Russia on May 12th during the visit of Russian President Dmitry Medvedev to Ankara.
Russia will construct Turkey's first nuclear power plant. Construction is planned in the Akkuyu district in the Mediterranean province of Mercin. The project is worth approximately $20 billion.
