Akkuyu Nuclear Power Plant
Akkuyu Nuclear Power Plant
May 2023
The Akkuyu Nuclear Power Plant in Mersin is expected to become one of Turkey’s major energy resources. Even though a second nuclear plant in Sinop is planned, the construction of the Akkuyu Nuclear Power Plant is ongoing with a project cost of around USD 20 billion.
The Akkuyu Nuclear Power Plant will consist of four power units and the total electrical power will be 4,800 MW. After the commissioning of all four units, the Akkuyu Nuclear Power Plant will be able to meet up to 20% of the Republic of Turkey’s total electricity needs. The calculated service life of each power plant unit is 60 years with the possibility of extension. The Akkuyu Nuclear Power Plant project is being implemented according to the build-own-operate model, which is unique for the world nuclear industry. The estimated contribution to Turkey’s GDP over the entire life cycle of the project will be approximately USD 50 billion. Infrastructure and job creation will provide conditions for the region’s population growth of up to 30,000 people. In its operational phase, the project will employ approximately 4,000 people, including more than 700 qualified Turkish engineers. The total localisation potential of the project is USD 5.9 billion. According to current estimates, some of the orders that amount to a total of approximately USD 2.2 billion are already contracted and some are at the contracting stage.
The Turkish Ministry of Energy and Natural Resources announced that the construction licence for the power plant’s third unit, which is scheduled to be finalised in 2026, has been issued and the third reactor’s construction has commenced. While intensive work continues in the construction of the three power units of the power plant, the authorities recently announced that important steps were taken for the ground-breaking of the fourth power unit and the final preparations were carried out meticulously.
The project is currently under construction and President Recep Tayyip Erdoğan stated that the first unit of the power plant will be opened in late 2023 or early 2024.
May 2023
The Akkuyu Nuclear Power Plant in Mersin is expected to become one of Turkey’s major energy resources. Even though a second nuclear plant in Sinop is planned, the construction of the Akkuyu Nuclear Power Plant is ongoing with a project cost of around USD 20 billion.
The Akkuyu Nuclear Power Plant will consist of four power units and the total electrical power will be 4,800 MW. After the commissioning of all four units, the Akkuyu Nuclear Power Plant will be able to meet up to 20% of the Republic of Turkey’s total electricity needs. The calculated service life of each power plant unit is 60 years with the possibility of extension. The Akkuyu Nuclear Power Plant project is being implemented according to the build-own-operate model, which is unique for the world nuclear industry. The estimated contribution to Turkey’s GDP over the entire life cycle of the project will be approximately USD 50 billion. Infrastructure and job creation will provide conditions for the region’s population growth of up to 30,000 people. In its operational phase, the project will employ approximately 4,000 people, including more than 700 qualified Turkish engineers. The total localisation potential of the project is USD 5.9 billion. According to current estimates, some of the orders that amount to a total of approximately USD 2.2 billion are already contracted and some are at the contracting stage.
The Turkish Ministry of Energy and Natural Resources announced that the construction licence for the power plant’s third unit, which is scheduled to be finalised in 2026, has been issued and the third reactor’s construction has commenced. While intensive work continues in the construction of the three power units of the power plant, the authorities recently announced that important steps were taken for the ground-breaking of the fourth power unit and the final preparations were carried out meticulously.
The project is currently under construction and President Recep Tayyip Erdoğan stated that the first unit of the power plant will be opened in late 2023 or early 2024.
