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Apr 15 2019

Russia's Rosatom in talks to sell 49 pct stake in Akkuyu nuclear plant

Russia’s State Atomic Energy Corporation Rosatom is holding talks with investors on selling a 49 percent stake in the Akkuyu Nuclear Power Plant construction project, Russian news agency Tass quoted the the corporation’s Chief Executive Officer Alexei Likhachev as saying on Monday.

 "We are holding talks with both state-run and private Turkish companies. Yes, we are ready to sell up to 49%. It is impossible to do without the permit of the Turkish side; therefore, the government is certainly involved in these talks. We will not hasten definitely," Likhachev said.

Located in Turkey’s Mediterranean coastal town of Mersin, Turkey’s first nuclear power plant is a joint Russian-Turkish project with Russian energy company Rosatom as the majority stakeholder.

The construction of the Akkuyu nuclear plant located in the southern province of Mersin was kicked off by President Recep Tayyip Erdoğan and his Russian counterpart Vladimir Putin on Apr. 3.

"We have understanding of the financial plan for 2019 and for 2020; there have been no urgent challenges related to involvement of investors so far," Likhachev said.