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Caucasus/Russia/Central Asia
Russia to build nuclear power plants in Turkey, Syria
2010-05-12
Russia Signs $20 Billion Deal for Turkish Nuclear Power Plant

(Bloomberg) -- Russia's ZAO Atomstroyexport signed an agreement to build a power plant with four nuclear reactors on Turkey's southern coast at a cost of as much as $20 billion after more than a year of negotiations.

"This will be the first case in which Russia not only builds a power plant, as we have in Iran and India, but will also own it," Sergei Kiriyenko, head of Russian state nuclear holding company Rosatom Corp., told reporters in Ankara during a trip by President Dmitry Medvedev to the Turkish capital.

Atomstroyexport, Russia's reactor builder, will own 100 percent of the project, and may later sell as much as 49 percent to investors, Kiriyenko said. "Turkish investors are interested. We're also holding talks with European investors."

Russia says may build nuclear power plant in Syria

(Reuters) - Russia may help build a nuclear power plant in Syria, Russian Energy Minister Sergei Shmatko told Reuters on Tuesday as the Kremlin moved to strengthen ties with a Soviet-era ally in the Middle East.

On the first state visit to Syria by a Kremlin chief since the Bolshevik Revolution, Russian President Dmitry Medvedev played up prospects for nuclear power cooperation and said Washington should work harder for peace in the Middle East.

The nation has been plagued for years with huge electricity shortages, with power generation falling one-third short of demand and the population expanding at 2.5 percent a year.

Israel has opposed Russian arms sales to Syria in the last several years, and nuclear energy cooperation between Damascus and Moscow may anger the Jewish state.

Moscow backed Syria through the Arab-Israeli conflict, and the Kremlin is seeking to reinvigorate ties in the Middle East nations. It forgave most of Syria's multi-billion dollar debt.

Russia has also improved ties with Israel and tried to increase its clout to advance the Middle East peace process.

MORE ATOMIC PLANTS IN IRAN?

He also suggested Russia might build more nuclear power reactors in Iran beyond the one it plans to switch on this year near the city of Bushehr despite likely U.S. disapproval. "We are in favour of continuing cooperation with Iran in the energy sphere to the full extent, including in building light-water reactors," Shmatko told journalists.

Russia says all nations have the right to peaceful nuclear power programmes and is aggressively seeking contracts abroad to build nuclear power plants.

Posted by:

#2  Thus, of course, RUSSIA DELIVERED THE FIRST NUCMATS BY COVERT SUBMARINE???
Posted by: JosephMendiola   2010-05-12 19:34  

#1  Chernobyl type nuclear power plants?
Posted by: g(r)omgoru   2010-05-12 18:06  

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