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Korea submits proposal to Turkey on $33bn nuclear power project

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The scheduled completion of Turkey's first unit and nuclear fuel delivery is set for the first half of 2023

South Korea-based Korea Electric Power Corporation (KEPCO) has submitted a preliminary proposal to Turkey to take part in a project to build four nuclear power plants in the country, Yonhap news agency reported.

KEPCO chief executive Cheong Seung-il met with Turkey’s energy minister, Fatih Donmez, presenting the proposal for the construction of four reactors capable of providing 1,400 megawatts (MW) of electricity in the northern part of the country.

The project is forecast to be worth about 40 trillion won ($32.55 billion). 

“The two sides began discussions on the project in earnest. They will carry out a feasibility test to come up with an optimum way to push for the project,” KEPCO said.

The Korean company’s 10 nuclear reactors, based on the advanced APR1400 technology, have been successfully built and stably managed at home and abroad, including those at the Barakah nuclear power plant in the United Arab Emirates.

According to Turkey’s Daily Sabah newspaper, Ankara has already planned to build the nation’s second nuclear power plant in Sinop. 

Last November, Deputy Energy and Natural Resources Minister Alparslan Bayraktar said Turkey had started negotiations with Russia’s state-owned atomic energy agency Rosatom.

The scheduled completion of the first unit and nuclear fuel delivery is set for the first half of 2023. The remaining three reactors will start operation by the end of 2026 with a total installed capacity of 4,800MW.

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