Jigs
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Thursday, July 15, 2010
ANKARA - Hürriyet Daily News
A bill approving the May 12 agreement between Russia and Turkey on the establishment of a nuclear power plant in the Mediterranean hamlet of Akkuyu was passed by Parliament on Thursday.
The original agreement was signed by Energy Minister Taner Yıldız and Russian Deputy Prime Minister Igor Sechin two months ago in Ankara.
According to the deal, the plant to be constructed at Akkuyu in Mersin province will be active for 60 years. A project company will be formed by Aug. 12 and will be owned no less than 51 percent by Russian interests.
The plant will train and recruit Turkish workers as long as the conditions allow, and as many Turkish firms as possible will be involved in the construction. The first unit of the power plant is expected to start production in 2018.
Both countries will cooperate on the design and construction of the nuclear plant, including its infrastructure, the purchase and sale of the electricity produced at the plant, the running of the plant in a safe way, the transport of the spent nuclear fuel, the training of the personnel and the establishment and running of the fuel production facilities.
All these functions will be achieved without placing a financial burden on the Turkish side, according to the terms of the agreement.
In the event of any dispute between the partners, matter will be settled by the Turkish Energy Ministry and the Russian Rosatom Nuclear Energy State Corporation; otherwise, the sides will apply for arbitration within six months.
ANKARA - Hürriyet Daily News
A bill approving the May 12 agreement between Russia and Turkey on the establishment of a nuclear power plant in the Mediterranean hamlet of Akkuyu was passed by Parliament on Thursday.
The original agreement was signed by Energy Minister Taner Yıldız and Russian Deputy Prime Minister Igor Sechin two months ago in Ankara.
According to the deal, the plant to be constructed at Akkuyu in Mersin province will be active for 60 years. A project company will be formed by Aug. 12 and will be owned no less than 51 percent by Russian interests.
The plant will train and recruit Turkish workers as long as the conditions allow, and as many Turkish firms as possible will be involved in the construction. The first unit of the power plant is expected to start production in 2018.
Both countries will cooperate on the design and construction of the nuclear plant, including its infrastructure, the purchase and sale of the electricity produced at the plant, the running of the plant in a safe way, the transport of the spent nuclear fuel, the training of the personnel and the establishment and running of the fuel production facilities.
All these functions will be achieved without placing a financial burden on the Turkish side, according to the terms of the agreement.
In the event of any dispute between the partners, matter will be settled by the Turkish Energy Ministry and the Russian Rosatom Nuclear Energy State Corporation; otherwise, the sides will apply for arbitration within six months.
