Japan and Turkey signs $22b nuclear deal
Japan and Turkey have signed a Nuclear deal under which a Japanese-French consortium will build a 4800 MWe nuclear power plant in Sinop , a city on Turkey's Black Sea coast.
- This will be Turkey's 2nd Nuclear Power Plant. In May 2010, Russia and Turkey signed an agreement where Rosatom (Russia's Nuclear company)would build, own, and operate a power plant at Akkuyu comprising four 1,200 MWe VVER units.
- Mitsubishi Heavy Industries and Itochu, will build the plant comprising four pressurized water reactors (PWR). The nuclear plant will be operated by the French electric utility company GDF Suez.
- The $22b deal is Japan's first successful bid on an overseas nuclear project since 2011 tsunami which destroyed the power station in Fukushima and therefore significant for Japenese nuclear industry which was in trouble after the Fukushima disaster.
- Like Japan, Turkey lies in a part of the world that is prone to earthquakes, making it essential that nuclear plants are designed to resist the effects of such events.
- Turkey imports almost 97 percent of the energy it needs and therefore taking steps to increase the share of Nuclear energy.