The deal for the project on a build-operate-transfer (BOT) basis was signed between Turkish Prime minister Recep Tayyip Erdoğan and his Japanese counterpart Shinzo Abe on May 3, 2013. The US$22 billion project will be carried out by Atmea, a joint venture consortium of Japanese Mitsubishi Heavy Industries and French Areva. Turkey, being geographically on a highly active earthquake-prone zone, relies on top-level safety know-how and experience of Japanese experts against earthquakes.
Mitsubishi Heavy Industries and Itochu will build the power plant, which will have a capacity of around 4,400 MWe. Four generation III pressurized water reactors (PWR) of type Atmea I developed by Atmea will be installed in the nuclear plant. The first unit is expected to be completed in 2023, the second in 2024, the third in 2027. and the fourth in 2028.
French electric utility company GDF Suez will be in charge of the operation of the nuclear plant. It is intended that Turkish Electricity Generation Corporation (EÜAŞ) will have 20-45% shares in the nuclear plant. The end goal of the plant will be part of a nuclear program that will supply 10% of Turkey's total energy consumption.
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