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Business / Energy

Turkiye opens its 1st nuclear power plant with joint Russian investment

Published: 27 Apr 2023 - 11:51 pm | Last Updated: 27 Apr 2023 - 11:52 pm
Peninsula

QNA

Ankara: Turkish President Recep Tayyip Erdogan opened on Thursday Turkiye's first nuclear power plant Akkuyu in Mersin province during the first nuclear fuel delivery ceremony, accompanied by Russian President Vladimir Putin.

In his speech during the ceremony, the Turkish President confirmed that Turkiye entered the world nuclear club through Akkuyu nuclear power plant, indicating that all units of the power plant will be put into service gradually until 2028 and that the country will meet 10 percent of its electricity needs from the nuclear plant once all reactors are operational.

He added that the project, which will contribute to reducing Turkiye's natural gas imports by USD1.5 billion annually, will also positively impact the increase in the national income.

"Based on our experience in this project, we will take action as soon as possible for our second and third nuclear power plants, which we plan to construct in different regions," Erdogan said.

For his part, the Russian President said that Turkiye would own the nuclear power, which is considered one of the cheapest power sources in the world, pointing out that Akkuyu nuclear power plant is one of the biggest joint projects in the history of the Turkish-Russian relations.