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Turkey

Why Turkey Is Looking To China For Its Nuclear Power Needs

Analysis: As bidding opens to foreign firms to build new nuclear facilities in Turkey, authorities in Ankara see immediate economic advantages to turning the projects over to Chinese firms. But blatant bypassing of more experienced European firms is also

Made-in-China nuclear facilities, like the Liangshan Yizu power plant, may soon be built in Turkey (CookieEvans5)
Made-in-China nuclear facilities, like the Liangshan Yizu power plant, may soon be built in Turkey (CookieEvans5)

ISTANBUL - The Turkish government recently signed a $20 billion project with Russia to build nuclear power facilities in Akkuyu, Turkey. Now the Turkish government has set its sights on constructing a nuclear plant in Sinop, Turkey. The Financial Times recently reported that China is the primary contender for this contract due to its ability to secure financing without requiring guarantees from the Turkish government.

Prime Minister Recep Tayyip Erdogan visited China last week, confirming reports of the deal when Energy Minister Tanir Yildiz held talks with Chinese authorities. At these meetings, Chinese Energy authority Liu Tienan pledged full financial guarantees for the $20 billion project.

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