A Russian-led consortium, which was the sole bidder in a tender to build and operate Turkey's first nuclear power station, has reduced its offer to sell electricity by between 28% and 30%, according to Turkish daily Sabah Monday, the Ihlas News Agency, or IHA, reported.
The consortium, which comprises Russian companies Atomstroyexport and Inter Rao UES (IRAO.RS) and Turkish company Park Teknik, was the sole bidder in a tender held Sept. 24, 2008 to build and operate a 4,000-megawatt nuclear power station in Akkuyu, near the Turkish Mediterranean port of Mersin.
On Jan. 19, the consortium initially offered to sell electricity produced at the plant at an average price of $0.2116 a kilowatt hour, but has now reduced this to between $0.14 and $0.15, according to Sabah.
The Russian-led consortium had already revised its bid on Jan. 19 but Turkey sent the revised nuclear bid back to the consortium.
Turkish power providers TETAS will prepare a report on the nuclear tender and submit it to the Turkish council of ministers for approval.
Energy experts have already criticized the initial price as being too high and said they don't expect the council of ministers to approve the tender.