Akkuyu Nuclear Power Plant

Akkuyu Nuclear Power Plant

September 2022

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. The project is co-funded by Turkey and Russia. The estimated cost for the project is USD 20 billion with an aim to finalise in 2023. 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.

The Akkuyu Nuclear Power Plant will consist of four power units and the total electrical power of the plant is to be 4,800 MW. After the commissioning of all four units, the Akkuyu Nuclear Power Plant will be able to meet up to 10%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.

While intensive work continues in the construction of the three power units of the power plant, it was recently announced by the authorities that important steps were taken for the ground-breaking of the fourth power unit and the final preparations were carried out meticulously. Authorities additionally stated that they had no doubts that the project would be completed on schedule. President Recep Tayyip Erdogan recently stated that the first unit of the power plant will be opened next year, as expected.

 

 

September 2022

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. The project is co-funded by Turkey and Russia. The estimated cost for the project is USD 20 billion with an aim to finalise in 2023. 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.

The Akkuyu Nuclear Power Plant will consist of four power units and the total electrical power of the plant is to be 4,800 MW. After the commissioning of all four units, the Akkuyu Nuclear Power Plant will be able to meet up to 10%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.

While intensive work continues in the construction of the three power units of the power plant, it was recently announced by the authorities that important steps were taken for the ground-breaking of the fourth power unit and the final preparations were carried out meticulously. Authorities additionally stated that they had no doubts that the project would be completed on schedule. President Recep Tayyip Erdogan recently stated that the first unit of the power plant will be opened next year, as expected.