July 19, 2024

Athens News

News in English from Greece

Türkiye: Rosatom's funds for Akkuyu NPP construction arrested

The money transferred by Rosatom to Turkey for the construction of the largest Russian-Turkish investment project, the Akkuyu NPP, is being seized.

This was reported by the head of the state corporation, Alexey Likhachev, quotes Reuters:

“The settlement system is under attack. They are seizing money.”

The top manager complained that “Americans” who “walk between legal entities and banks” working with Rosatom were responsible for the seizure of funds.
The large-scale nuclear power plant project in Turkey is estimated at $25 billion and is fully paid for by Russia, but… sanctions are a hindrance, Likhachev admitted. At the same time, Rosatom is not under Western restrictive measures; only its subsidiaries are on the sanctions lists – JSC Atomstroy, which develops nuclear installation assembly technologies, and VPO Tochmash, which produces centrifuges for uranium enrichment.

Likhachev assured that despite sanctions and difficulties, Rosatom continues to build the NPP, which is intended to become the first in Turkey and supply 12 million consumers. He added that Turkish partners see Rosatom's serious attitude to the project.

The intergovernmental agreement between Turkey and Russia on the construction and operation of the Akkuyu NPP was signed in 2010. Last year, the first of four power units of the plant, the design capacity of which should provide 10% of Turkey's electricity needs, was officially opened. The physical launch of the NPP is scheduled for this year. Vladimir Putin announced at a meeting of the Council for Science and Education in June that Moscow is paying for the project from its “sovereign funds”:

“It's all at Russia's expense.”

He added that such a level of state funding is “economically feasible.” Following Akkuyu, Turkish authorities plan to build three more nuclear power plants and are considering purchasing small modular reactors. In addition to Rosatom, the Turkish Ministry of Energy is negotiating with American contractors, as well as with companies from China and South Korea, a high-ranking official of the ministry told the publication.

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