Due to increase of energy demand, consumption and especially
external energy dependence of Turkey, the requirement of new energy
resources has come to the fore. Since the primary energy resources
such as natural gas and petroleum are exhaustible, nuclear energy
has been a preferred energy resource in the world. As an energy
import dependent country, also Turkey has been planning to meet its
energy gap through the nuclear energy power plants. For this
purpose, there are several nuclear power plant projects in Turkey
and as one of them, Akkuyu's contribution to energy supply of
Turkey is expected by experts.
Akkuyu Project in financial and legal aspects
Akkuyu Project is the first nuclear power plant project of
Turkey which has been actual since 2010 and it is confirmed within
the bilateral agreement with the government of Russia Federation.
Completion of licensing, ground studies and land allocation process
is expected until 2015. If the project is completed in due time,
the nuclear power plant will be put partially in operation in 2020.
The project will be conducted by Akkuyu NGS Elektrik Üretim
A.Ş. According to the terms and conditions, Turkey is
instructed in licensing procedures. The importance of this project
appears not only regarding energy supply, but also regarding the
investitions in Turkey. For this project, approximately USD 20
billion have been invested. According to the explanations of this
company, a part of its shares may be transferred to third parties.
In that case, this may be an opportunity also for Turkish
investors. In addition to this, equipment supply of the nuclear
power plant by Turkish companies is planned, especially the
construction works may be conducted by domestic companies. The
incentives for this project and for other nuclear energy
investments are stated in the related regulations and in the
bilateral agreement concerning Akkuyu Project. According to the Law
on Establishment of Nuclear Power Plants, the Council of Ministers
is authorised to decide on incentives for technology providing
oriented investments. The incentives which are provided to Project
Owner Company in the bilateral agreement refer to license
procedures, land allocation and electricity supply, accordingly
Turkey will provide land allocation, facilities in land
expropriation and license obtaining procedures.
Moreover, according to the bilateral agreement between Turkey
and Russia for Akkuyu Project, TETAŞ (Turkish Electricity
Trade Company) has guaranteed the purchase of a certain amount of
the produced electricity over Cent/USD 12,35 for 15 years.
According to an opinion, this price may be regarded as a profit if
the estimated electricity prices in the future are considered,
whereas another opinion set forth that the fixed price guarantee
may be considered disadvantageous due to the risks of inflation and
of construction costs reduce which may increase the liability for
constructions and materials control.
Role of nuclear energy in energy supply: expectations and
As mentioned above,nuclear will take a crucial part in
electricity production of after 2020 following to the completion of
the first power unit. However, the "use of nuclear
energy" and "establishment of nuclear power plants"
have been discussed many times especially regarding nuclear power
plants' safety against external factors and environmental
Briefly, use of nuclear energy in electricity production has
been analysed and discussed in Turkey with regard to its advantages
and disadvantages since years. It is expected that energy import
and energy dependency of Turkey will decrease with the completion
of Akkuyu Project and other nuclear power plant projects and it is
also set forth that the production of electricity from nuclear
energy will contribute to energy resource diversity of Turkey to a
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