Turkish Atomic Energy Authority (TAEK) has articulated that the building permit has been granted for the first unit of the large scale project concerning Turkey’s energy. The project is financed by the Russian “Rosatom” firm. The ground-breaking ceremony has been presented by the honoring of President of Republic of Turkey, Recep Tayyip Erdoğan and President of The Russian Federation, Vladimir Putin. The ceremony was broadcast via video conference from Ankara.

Legislation Is Done

It has been stated that the construction efforts seem to be going as expected for the time being. TAEK has stated that the process of obtaining a building permit, which had started around three years prior, has finally been completed and it was an important part of the Akkuyu Nuclear Power Plant project. TAEK has recorded that general and special conditions about the legislation about granting government permit for nuclear power plants have been fulfilled and therefore the assemblage of the first unit has been initiated.

Huge Investment from Russian Firm

The project that will require a total investment of 20 billion US dollars, will be funded by the Russian “Rosatom” company which holds %100 of the project’s shares but desires to obtain a partner company from Turkey. Rosatom had stated at the end of March that the prospect of selling %49 of the shares to a Turkish firm is not processing fast enough and the deals may be postponed to 2019. Turkey desires to have finished the project before 2023.