Japanese-French consortium sees Turkish nuclear reactor ready by 2023
Tuesday, October 14, 2014 at 7:34PM
Uranium Stocks

(Reuters) - A Turkish nuclear plant to be built by Japanese-French consortium will be ready to come online by 2023, the same year as the one hundredth anniversary of the Turkish republic, a consortium member said on Tuesday.

In May 2013, Japan's Mitsubishi Heavy Industries (MHE), Itochu Corp. and France's GDF Suez agreed to build Turkey's second nuclear power plant at an estimated cost of $22 billion. The 4,800 megawatt plant in the Black Sea town of Sinop will use Atmea1 reactors developed by MHE and French Areva.

"We are working very hard to start the plant in 2023, the year of the centenary," MHE president and CEO Shunichi Miyanaga told Reuters on the sidelines of a trade show in Paris.

He said the project is experiencing no difficulties and has the full support of the Turkish and Japanese governments.

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