Turkish Sabanci Eyes Foreign Energy Partnerships

Sabancı Holding, which began collaborating with Austria's largest electricity company Verbund in Enerjisa, has given the green light to foreign investors for partnership ventures in nuclear energy. Sabancı Holding formed a group presidency within its body last year by including energy among the company's strategic sectors. The company is now preparing to sign a foreign partnership agreement on nuclear energy.
Turkish Daily News
Πεμ, 8 Νοεμβρίου 2007 - 02:49
Sabancı Holding, which began collaborating with Austria's largest electricity company Verbund in Enerjisa, has given the green light to foreign investors for partnership ventures in nuclear energy.

Sabancı Holding formed a group presidency within its body last year by including energy among the company's strategic sectors. The company is now preparing to sign a foreign partnership agreement on nuclear energy.

Sabancı is negotiating with several companies from the United States, Europe and the Far East, said Sabancı Holding Energy Group Chairman Selahattin Hakman. �Soon we will sign a foreign partnership deal in nuclear energy. Besides the main partner, we will create several partnerships for projects during the establishment of the plant,� he said.

Should a nuclear plant be established in Turkey with private sector investment, the most appropriate address is Sabancı Holding because of its financial strength and quality, said Hakman, adding Verbund, its current partner in Enerjisa, will not be involved in the nuclear investment.

Nuclear plant investment may begin within the next two to three years if the necessary steps are taken quickly, said Hakman. The law concerning establishment of a nuclear plant is an important but not sufficient step, he added. �Beyond this law, some mechanisms should be established. Public security should be ensured in several ways, as nuclear energy is an debatable issue in the world and a very expensive investment,� he said.

 Nuclear energy cannot be a short-term solution to our current supply problem. However, it will have an important place in Turkey's medium and long-term energy supply,� Hakman said.

A nuclear plant cannot start operating before 2017 or 2018, said Hakman. �Turkey missed the chance to establish a nuclear plant three times since the 1960s and should not miss the fourth chance,� he said.

Opinion research reveals that a majority of the Turkish population is not against nuclear energy consciously, said Hakman. �As Sabancı, we will not implement a project rejected by the public. However, I do not suppose that we will face a negative result as long as nuclear energy discussion is based on reality and knowledge rather than prejudices,� he said.

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