Nuclear plants to help Turkey save $7.2 bln in gas imports

Turkey to pay 12.35 dollars to Russia and 11.80 dollars to Japan per kWh in the nuclear power plant agreements signed with Russia and Japan, energy minister says

Nuclear plants to help Turkey save $7.2 bln in gas imports

World Bulletin/News Desk

Turkish Energy Minister Taner Yildiz said, "We will end the imports of 7.2 billion dollars worth of natural gas to Turkey with the new nuclear power plants' stepping in."      

Turkish Energy Minister Yildiz spoke to press on Monday at the Turkish Petroleum Corporation on the agreements signed with Russia and Japan on nuclear power plant projects.      

He stated that the price Turkey would pay per kWh in the agreement on the nuclear power plant was 12.35 dollars to Russia and 11.80 dollars to Japan including the fuel and 10.80 dollars excluding the fuel.      

"According to the agreement signed with Japan, 49 pct of the shares will be owned by EUAS and 51 pct will be owned by the Japanese company," said Yildiz.      

Yildiz also announced that the agreement with Japan also includes a new university to be built in Turkey where there will be scholars from both Japan and Turkey.      

"Very likely, we will achieve our goal of a national nuclear power plant after building eight units. We believe that Turkish engineers will build the ninth and tenth units," Yildiz noted.      

Yildiz also stated that up to half of EUAS shares might be sold either through public offering or block sale.

Turkey to own max. 30% share

Yildiz has said they aimed to have maximum 30 pct share in the company to be founded with Japan for construction of nuclear power plant.      

Yildiz spoke at a press conference held at the Turkish Petroleum Corporation (TPAO) in Turkish capital Ankara on the agreements signed with Russia and Japan on nuclear power plant projects.      

"In any case, we aim (state-run electricity generation company) EUAS to own maximum 30 pct of the shares in the nuclear power plant company to be set up with Japan. We want them not to have a share more than 30 percent. We have two models. The plan A is 49 pct of the shares. In the plan B, it falls to 25 pct and we share the remaining with private sector. The 51 percent share of Japan won't increase. They are also forming their own partnership structure with France," Yildiz stated.      

Energy Minister Yildiz answered a question on the possibility of a French dominance in the 51 pct share of Japan, saying, "Japan is the moderator, there won't be any French dominance. Because we are making the intergovernmental agreement with Japan. Our main interlocutor is Japan but we closely follow their future cooperation with GDF and AREVA."      

"I hope we would fulfil this structure which we couldn't do during Sarkozy's presidency. This is also a target point for French," he said.      

Upon a question on the safety of the construction area of nuclear power plants, Yildiz noted that "God willing, the two nuclear power plants will be among the safest buildings." 

Last Mod: 06 Mayıs 2013, 17:33
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