Strategic Investment in Peaceful Nuclear Energy

April 4, 2018

Strategic Investment in Peaceful Nuclear Energy

Vladimir Putin, the President of the Russian Federation and Recep Tayyip Erdogan, the President of Turkey remotely through video conferencing joined the groundbreaking ceremony of the first Turkish nuclear power plant Akkuyu.

The Turkish leader noted at the nuclear power plant groundbreaking ceremony that Akkuyu construction is a historical moment both for the development of Turkey and for cooperation with Russia in the energy field. He also emphasized that with the commissioning of the first Akkuyu’s nuclear reactor in 2023 Turkey will join the group of countries that use nuclear energy for peaceful purposes.

The Russian president in turn noted that the Akkuyu nuclear power plant will be secure and environmentally friendly. According to the Russian leader, the construction of the nuclear power plant in Turkey will observe the highest safety standards and the most stringent environmental requirements. “The construction of the Akkuyu nuclear power plant will use the state-of-the-art technologies similar to those in Russia”, said Vladimir Putin.

The intergovernmental cooperation agreement between Turkey and Russia on the Akkuyu nuclear power plant construction and operation in Mersin, the area in southern Turkey on the Mediterranean coast was signed on 12 May 2010.

The project of the first Turkish nuclear power plant includes four power units with WWER-1200 with a total capacity of 4,800 megawatts. The plant is scheduled to be commissioned before 2023.

The construction cost is estimated at more than 20 billion US dollars.

It is expected that the plant will generate electricity for 60 years and will cover about 10% of the total energy consumption in the country.

Today, the share of nuclear power plants in the world's electricity generation rises to 11%. Currently, 61 nuclear reactors with a total installed nuclear capacity of 61,264 megawatts are being built in 16 countries.

To recap, the nuclear power generation industry growth prospects in the global energy balance as well as the role that Russia plays in establishing the future optimal energy system became the topic of a panel discussion at the International Forum ‘Russian Energy Week 2017’.

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03 October 2017 To Participants and Guests of the Russian Energy Week, International Energy Efficiency and Energy Development Forum

Dear Friends, I would like to welcome you on the occasion of the opening of the first Russian Energy Week. The Forum will bring together representatives of government bodies, major industries, business circles and the expert community from Russia and other countries to discuss main global energy development trends. In the framework of the intensive program of the Forum, they will conduct a serious and comprehensive analysis of the current situation in the global energy market and offer effective solutions to the challenges facing the energy sector. Sustainable growth of the modern world economy greatly depends on ensuring energy security. And naturally Russia stands to play a special role as one of the guarantors of energy security for the entire Eurasia. The participants and guests of the Forum will have an opportunity to learn about the prospects of the Russian fuel and energy complex, the strategic projects that are being implemented, as well as to map out areas of cooperation, including in the fields of energy efficiency and introduction of cutting edge technologies that meet the highest environmental standards. I hope that a substantive dialogue among the participants in the Russian Energy Week will be instrumental in working out common approaches to development of the international energy agenda and launching new mutually beneficial initiatives. I wish you every success. Vladimir Putin.