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Turkey Cancels Nuclear Plant Tender

Turkey canceled a tender won by a Russian-led consortium last year to build the country’s first nuclear power plant, Turkey’s state-run power company Tetas said Friday.

A Turkish court previously ruled the tender, won by Inter RAO, Atomstroiexport and Turkey’s Park Teknik, invalid because of problems that it cited with the pricing of electricity from the plant. Tetas has the final say over the tender process.

The plant was part of a major raft of deals that Turkey had signed with Russia earlier this year to increase cooperation on energy.

Turkey is determined to press ahead with new energy sources, including nuclear power, Energy Minister Taner Yildiz said Nov. 16. The country may invite bids for constructors of a nuclear plant on the northern Black Sea coast within three or four months, he said.

(Reuters, Bloomberg)

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