Tag: nuclear power plant

  • Turkey’s first nuclear power plant to cost about $20 bln

    Turkey’s first nuclear power plant to cost about $20 bln

    On a question about nuclear waste disposal, Lokshin said that nuclear waste would be returned to Russia to be buried.

    Wednesday, 15 December 2010 16:42

    76276

    Turkey’s first nuclear power plant, planned to be built by Russian state nuclear company on the southern coast of the country, would cost around $20 billion, a Russian official said on Wednesday.

    In May, Turkey and Russia signed a deal for construction of Turkey’s first nuclear power plant in Akkuyu, a small town on the Mediterranean coast.

    Alexander Lokshin from ROSATOM, Russia’s state-owned atomic power corporation, appeared at a press conference in Istanbul to give information about Akkuyu nuclear power plant process.

    Lokshin said that Akkuyu site would be licensed by the end of 2011.

    “We have one year ahead for applications,” Lokshin said, however, he added that it could take a little bit more than a year to complete legal procedures for licensing.

    Earlier this week, Russian Ambassador to Turkey Vladimir Ivanovsky said that Russian company was likely to start building the Akkuyu nuclear power plant in 2013 and the

    first reactor was planned to generate electricty in 2018.

    Turkish state-owned electricity corporation has guaranteed to buy a fixed amount of the plant’s output over the first 15 years starting from initial commercial operation at a reported price of 12.35 US cents per kWh, with the rest of the electricity to be sold on the open market by the project company.

    Lokshin said it was not an expensive price considering a fixed period of nearly 23 years from now.

    In the meantime, Russia’s Deputy Prime Minister Igor Sechin has arrived in Turkey earlier in the day to meet Turkish Energy Minister Taner Yildiz. Sechin and Yildiz are expected to discuss details of works aimed at setting up a project company, a move to push the button for actual launch of the nuclear power plant project.

    Turkey is also in talks with Japan for construction of another nuclear plant on the north coast of the country. Turkey started talks with Japan last month after a failure of negotiations with South Korea.

    Russia will build four 1,200 megawatt units on Akkuyu site. Lokshin said Russia’s nuclear technology was one of the best in tho world. He said technology transfer could be negotiated with Turkey in case of a Turkish request.

    Lokshin ruled out any concerns about Russian technology when asked about a public apprehension in Turkey after the Chernobyl disaster in 1986, saying that reactors to be used at Akkuyu were “totally different” from Chernobyl reactors.

    He said Russian company understands “prejudices” and public concerns and that such doubts were caused by public unawareness which could be eliminated by the help of awaraness-raising campaigns.

    On a question about nuclear waste disposal, Lokshin said that nuclear waste would be returned to Russia to be buried.

    AA

  • Russia to start building Turkey’s first nuclear power plant in 2013

    Russia to start building Turkey’s first nuclear power plant in 2013

    Russia will start building Turkey’s first nuclear power plant estimated at $20 billion in 2013, Russian ambassador to Ankara Vladimir Ivanovsky said on Sunday.

    Russia to start building Turkey's first nuclear power plant in 2013
    Russia to start building Turkey's first nuclear power plant in 2013

    “The launch of the plant’s first power unit is planned for 2018 while the other three will be launched with an interval of one year. The fourth power unit will be put into operation in 2021 and the plant’s reactors are designed to operate for 60 years. The project for the construction of the Akkuyu nuclear power plant under the Russian design is a strategic area of Russian-Turkish cooperation,” the diplomat said.

    Russia and Turkey signed an intergovernmental agreement on the construction and operation of Turkey’s first nuclear power plant during a visit by Russian President Dmitry Medvedev to Ankara on May 12, 2010.

    The project stipulates the construction of four power units with a capacity of 1.2 GW each under the Russian design, using VVER pressurized water reactors. The nuclear power plant will be built by Russia’s Atomstroyexport civilian nuclear power corporation near the Mediterranean port of Mersin in the Akkuyu area.

    The project stipulates the establishment of a nuclear engineering company to put the nuclear power plant into operation. The company will be wholly owned by Russia at the initial stage.

    ANKARA, December 12 (RIA Novosti)

    via Russia to start building Turkey’s first nuclear power plant in 2013 – ambassador | Russia | RIA Novosti.

  • Turks ill at ease as Russia poised to build nuclear plant

    Turks ill at ease as Russia poised to build nuclear plant

    While Turkey is getting closer to realizing its first nuclear power plant, to be constructed by the Russian state-controlled Atomstroyexport JSC in Turkey’s southern province of Mersin, Turkish public opinion seems to be growing uneasy concerning the level of technology the Russians have to offer to Turkey and the overall safety conditions of the nuclear reactor they are to build, since the bitter memories of the Chernobyl disaster are still fresh in people’s minds.

    A Ukrainian construction worker prepares the ground for the new depository of radioactive waste at the Chernobyl nuclear power plant, the site of the world’s worst nuclear disaster.
    A Ukrainian construction worker prepares the ground for the new depository of radioactive waste at the Chernobyl nuclear power plant, the site of the world’s worst nuclear disaster.

    On April 26, 1986, the world witnessed the worst nuclear power plant disaster at the Chernobyl nuclear power plant in Ukraine, which was then part of the Soviet Union. After the incident the International Atomic Energy Agency (IAEA) created the International Nuclear Safety Advisor Group (INSAG) to investigate the causes of the disaster. It determined the accident was caused by gross violations of operating rules and regulations. “During preparation and testing of the turbine generator under run-down conditions using the auxiliary load, personnel disconnected a series of technical protection systems and breached the most important operational safety provisions for conducting a technical exercise,” stated the INSAG report. The Soviet-constructed nuclear energy plant’s catastrophic disaster was due to a lack of knowledge of nuclear physics and faulty engineering in the construction and operation of the nuclear reactor.

    Since the Soviet example of a nuclear plant disaster is etched in history, concerns about the safety of Russian (formerly Soviet) nuclear technology have arisen due to the Chernobyl disaster, bringing up an obvious question: Has Russia improved its expertise and technology in this field?

    ‘Nothing to worry about’

    Speaking to Sunday’s Zaman, Sinan Ülgen, who is a visiting scholar at Carnegie Europe in Brussels and chairman of the Center for Economics and Foreign Policy Studies (EDAM) in İstanbul, said Russian technology is considered to be sufficiently safe. He noted the reactor offered to Turkey is from a totally different generation than the infamous Chernobyl design. “The only caveat in this respect is that there is as of yet no operational track record for the proposed reactor in Akkuyu. By the time the reactor is built, however, a similar reactor will have already been completed and started operation in China,” added Ülgen.

    Ülgen stated the French Areva group has probably the most advanced technology in the world but underlined that Areva’s problem is that their reactor design is too expensive. He points out that in terms of technology, Japan, the US and South Korea come on the heels of France. China is also rapidly advancing in the field of nuclear energy, but it is particularly interested in meeting its own energy demand rather than exporting its technology.

    Nuclear power sine qua non

    Separately, Ülgen also touched on Turkey’s effort to construct its first nuclear power plant. The chairman of EDAM said Turkey needs to diversify its energy sources and include nuclear energy in its portfolio of electricity generation methods. “The construction of a nuclear power plant would enable Turkey to increase its technological knowhow in this crucial field. The question is really whether allowing Russia to construct the first nuclear power plant serves the purpose of improving Turkey’s energy security in view of the already high dependence on Russia in terms of natural gas supplies. Yet these doubts can be laid to rest in view of the model adopted for the construction of the Akkuyu plant in which Russia has taken on all the financial risk of building and operating the plant. Thus, Russia will not merely be a supplier as is the case with natural gas but a significant investor undertaking a significant commercial risk,” said Ülgen. “Therefore, from this perspective one can argue that this investment increases the interdependence between the two countries rather than making Turkey more dependent on Russia.”

    In May of this year Turkey reached an agreement with Russia to construct its first nuclear power plant in Mersin’s Akkuyu district. According to the agreement, the Russian state-led company Atomstroyexport JSC will construct the Akkuyu nuclear plant and have a controlling stake in the project. The project is estimated to cost about $20 billion and was approved by Parliament in mid-July.

  • Turkey, Russia accelerate nuclear plant project

    Turkey, Russia accelerate nuclear plant project

    ISTANBUL – Anatolia News Agency

    ‘I believe our cooperation with the Russian Federation on this nuclear power plant project will boost mutual trade,’ Turkey’s Energy Minister Taner Yıldız says. AA photo

    Turkish officials will meet their Russian counterparts later this month to push the button on the actual launch of a nuclear power plant project, Turkish Minister of Energy and Natural Resources Taner Yıldız told reporters Friday.

    Yıldız is set to meet Russian Deputy Prime Minister Igor Sechin on Dec. 13 or 14 to discuss details of works required to set up a project company.

    In May, Turkey and Russia signed a deal detailing the construction of Turkey’s first nuclear power plant on the southern coast.

    “The nuclear power plant project is moving toward becoming an actual process. Once the project company is established we will be engaged in licensing the land in Akkuyu, delivery of the construction site and developing solutions to possible problems on the site,” Yıldız told reporters at an energy conference in Istanbul.

    “I believe our cooperation with the Russian Federation on this nuclear power plant project will boost mutual trade,” he said.

    Turkey is also set to initiate talks with Japan regarding the construction of a possible second nuclear power plant on the northern coast of the country, after talks with South Korea failed.

    Turkish officials are preparing to meet Japanese officials next week to discuss the project, Yıldız said. “I think energy talks with Japan would bring an expansion in relations, especially in transportation and cultural cooperation.”

  • Talks Begin With Japan For Nuclear Power Plant In Turkey

    Talks Begin With Japan For Nuclear Power Plant In Turkey

    241110 yildizTurkish Energy & Natural Resources Minister Taner Yildiz said that talks began with Japan regarding the nuclear power plant which would be constructed in Turkey.

    Holding a press conference in Istanbul on Wednesday, Yildiz spoke positively about the course of talks with Japan on a second nuclear power plant planned to be constructed in Turkey’s Black Sea province of Sinop.

    Earlier this month, talks between Turkey and South Korea regarding the construction of nuclear power plant had failed. Also, under a separate agreement, Russia will build Turkey’s first nuclear plant on the country’s southern coast.

    Also commenting on reactions against hydroelectric power plants, Yildiz said that every country had to provide energy production with its own resources.

    The important thing is to pursue our determination in energy investments, said Yildiz, adding that they had to benefit from water, wind and geothermal for energy.

    Regarding natural gas, Yildiz said that he spoke with Russian Deputy Premier Igor Sechin on the phone yesterday, and invited him in Turkey. He added that they could hold a meeting in Turkey next month.

    Efforts are under way to evaluate 36 cubic meters of natural gas –which Turkey imports– under more appropriate conditions, he noted.

    AA

  • S. KOREA’S REACTOR DEAL WITH TURKEY HITS SNAG

    S. KOREA’S REACTOR DEAL WITH TURKEY HITS SNAG

    SEOUL, Nov 16, 2010 (AsiaPulse via COMTEX) —

    South Korea’s plan to export nuclear reactors to Turkey has hit a stumbling block as both sides failed to conclude an agreement due to differences over the proper level of power prices.

    Sources at the Ministry of Knowledge Economy and state-run Korea Electric Power Corp. (KEPCO) said Monday that the conclusion of the deal has been delayed after marathon discussions failed to find middle ground on how to establish fair electricity prices.

    After starting negotiations early this year, the two sides wanted to sign the intergovernmental agreement (IGA) to build the Sinop atomic power plant on the Black Sea coast during last week’s G-20 summit held in Seoul. However, they only reached an understanding to pursue more negotiations as soon as possible to iron out outstanding differences.

    The Sinop project involves the building of four 1,400-megawatt reactors at a cost of around US$20 billion. South Korea has proposed using its APR-1400 reactors that will be used for a nuclear power plant in the United Arab Emirates (UAE).

    Moon Jae-do, head of the ministry’s resources development office, said there were lingering differences on how to ensure an adequate return on investment over an extended period of time.

    “The deal with Turkey involves KEPCO and its Turkish partner setting up a joint company to arrange financing, construction and sharing of earnings through a power purchase agreement once the reactors are built,” he said. Seoul and Turkey could foot up to 30 percent of the cost with international project financing to pay for the rest.

    Without going into details, the official said the two sides have not been able to see eye-to-eye on how to calculate earnings, although Turkey is carefully examining a undisclosed “improved” proposal forwarded by Seoul to break the impasse.

    In addition, Seoul has said that the Turkish government must be the largest shareholder in the company.

    Other government officials said Seoul “naturally” wants to receive more for electricity produced since large sums of money have to go into the construction, while Turkey wants to keep prices low to benefit its users.

    “For Seoul, there is a critical need to show the public and parliament that the deal is commercially viable and would not become a burden on state-run KEPCO down the road,” said an official who declined to be identified.

    He added that despite the inability to sign the IGA deal during summit talks held on Saturday between South Korean President Lee Myung-bak and Prime Minister Recep Tayyip Erdogan, this setback does not mean Seoul has lost the bid altogether.

    The official pointed out that the two sides have engaged in long-drawn talks since March and pledged to carry out related cooperative efforts.

    “Even under the initial plan, a formal deal is scheduled to be signed in the first half of 2011, with more detailed plans to be set in the second half of the year,” he said, hinting that there is no real need to rush this matter. This blueprint calls for actual construction of the first Turkish reactor to begin around 2012.

    Related to lack of headway, Turkey’s media reported that Ankara’s energy minister has invited Japanese industrial giant Toshiba for talks on building the Sinop plants.

    It said Turkish Energy Minister Taner Yildiz wanted to engage in speedy negotiation processes with other countries that may be interested in the nuclear power plant deal. He said U.S. and European companies may be considered so the country can have at least two nuclear power plants in operation by 2023.

    Local market experts, meanwhile, said the failure to sign the IGA over the weekend would not have any effect on local industries.

    “There were some differences on power purchasing prices and what to do if there is an emergency situation, but this is not seen as a complete failure since the countries have already made considerable headway on related research and development,” said Jeong Min-kyu, an analyst at IBK Investment and Securities.

    Although the setback may raise concerns that KEPCO and related companies may lose the deal, it is still more likely that South Korean businesses will nab the deal compared to foreign rivals, he said.

    The expert added that speculation that Lithuania, Finland and Malaysia are interested in South Korean reactors is good news for the industry as a whole.

    If Seoul signs the Turkish deal, it will be the second export contract following the UAE deal reached in late 2009.

    South Korea, with 20 commercial reactors in operation, is the world’s fifth-largest producer of nuclear-based electricity in the world. The country plans to build eight more reactors by 2017 with one to go on line next month.

    (Yonhap) cg

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    via S. KOREA’S REACTOR DEAL WITH TURKEY HITS SNAG | TradingMarkets.com.