Skip to content Skip to Search
Skip navigation

Turkey eyes investments of $40bn for second nuclear plant

By Pramod Kumar
Unsplash/Lukas Lehotsky
Turkey is also talking to US, British and French companies about small modular reactors

Turkey expects to receive $40 billion worth of investment for the country’s second nuclear power plant (NPP) in Sinop province in the Black Sea region.

The project manager Elektrik Uretim, renamed Tunas, plans to commence excavations at the site this year after finalising investment negotiations with technology companies, Daily Sabah newspaper reported.

The plant will consist of four pressurised water reactor nuclear power units, each with a net installed capacity of 1,140 megawatts, resulting in a total installed power of 4,560 megawatts.

The reactors are expected to be operational for 60 years from their commissioning, with an annual electricity production capacity of 34 billion kilowatt-hours.

Construction of the first nuclear power plant in Akkuyu in southern Mersin province is progressing, with the first reactor already underway.

Talks for the plant in Sinop first began with Japan before they switched to Rosatom, which is already building Turkey’s first NPP.

Latest articles

A shopping street in Cairo. The Ras El-Hekma investment underscores the strength of GCC financial support for Egypt, said Fitch

Egypt’s outlook revised up as external financial risks ease

Fitch Ratings has upgraded Egypt’s outlook to “positive” from “stable” citing lower external financing risks and increased foreign capital inflow.  The $35 billion Ras El-Hekma deal with the UAE, a flexible exchange rate, and tightening of monetary policy have reduced near-term external financing risks, the global rating agency said in a report. “The Ras El-Hekma investment underscores the […]

Freight trains on the Oman-UAE rail network will reach 120 km per hour, while passenger trains will reach 200 km per hour

Work to start on $3bn Oman-UAE rail network

Work will soon start on the $3 billion Hafeet Rail, a railway network between Oman and the UAE, local media has reported. The railway line will include two 2.5 km long tunnels and 36 bridges, Oman Daily Observer reported, citing Abdul Al Hatmi, CEO of Asyad Group. Oman Rail, part of Asyad Group, and the UAE’s Etihad […]

Sora Beach Residences on Al Marjan Island will span a built-up area of 1.8 million square feet

New $1bn Ras Al Khaimah project to have 140-foot arch

A new AED4 billion ($1.1 billion) residential development on Ras Al Khaimah’s man-made archipelago will house a 140-foot-high arch, its developer has said.  Sora Beach Residences on Al Marjan Island is slated to have one the “grandest atriums ever seen in the region”, Dubai-based Aark Developers said in a statement. The 18-floor high project will span […]

Architecture, Building, Cityscape

Ajman sees 7% rise in hotel revenues amid tourism surge

The number of tourist arrivals in Ajman rose 9 percent year on year during the first quarter of 2024, leading to a 3 percent increase in hotel occupancy levels, according to the Ajman Department of Tourism Development. Revenue rose 7 percent year on year in the first quarter, as the average length of stay increased 5 percent, […]