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 | Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |