A possible deal with South Korea for the construction of a nuclear power plant in northern Turkey is being held up by disagreement on terms, a senior Turkish official was quoted as saying on Monday.
A possible deal with
South
Korea
for the construction of a
nuclear power plant in northern
Turkey
is
being held up by disagreement on terms, a senior Turkish official was quoted as
saying on Monday.
Turkey
has
said it remains open to proposals from other companies if better terms are
offered for the project, estimated to worth about $20 billion.
"We have not been able to reach a conclusion yet," Energy Minister
Taner Yildiz said after talks with South Korean officials in
Ankara
,
Anatolia
news
agency reported.
The minister said issues concerning financial terms, treasury guarantees and
the distribution of shares in the planned company that would build and operate
the plant are yet to be sorted out, according to
Anatolia
.
The state power companies of
Turkey
and
South
Korea
had signed a preliminary deal
in March, paving the way for talks aimed at concluding an inter-governmental
agreement to build a nuclear power plant at Sinop, on
Turkey
's
northern
Black Sea
coast.
Yildiz expressed hope of a breakthrough at a bilateral meeting on the sidelines
of the Group of 20 summit in
Seoul
this
week, to be attended by Turkish Prime Minister Recep Tayyip Erdogan and South
Korean President Lee Myung-Bak.
Overriding opposition from environmentalists,
Turkey
signed a deal worth $20 billion with
Russia
in
May to build the country's first nuclear power plant, at Akkuyu on the southern
Mediterranean coast.
Ankara
's objective is to have nuclear plants up and
running in at least two regions in 2023.
The talks with
Russia
and
South
Korea
came as part of renewed
Turkish efforts to acquire atomic energy after an initial tender failed last
year.
Turkey
plans
to build three nuclear power plants in hopes of preventing a possible energy
shortage and reducing dependence on foreign supplies.
It abandoned an earlier plan to build a nuclear plant at Akkuyu in 2000 amid a
severe financial crisis and protests from environmentalists.
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