Russia's Rosatom said it has awarded TSM Energy the contract to undertake the remaining construction of the $20 billion nuclear power plant it is building in Akkuyu in southern Turkey.
Akkuyu Neuclear, a subsidiary of Rosatom that is building four reactors at the site on the Mediterranean, said it signed the construction contract with TSM after terminating its agreement with Turkey's ICECTS.
According to the Turkish Commercial Registration, three Russian companies headquartered in Russia own TSM.
Akuyo Newclear said in a statement, without elaborating on the reason for canceling the contract with IC ECTS, all ongoing work under subcontracts will be transferred to TSM... New similar contracts will be signed between TSM and subcontractors.
The company added that the contract concluded with TSM will ensure that work is completed on the dates previously agreed upon, and that workers receive their salaries on time.
The Turkish government aims to start operating the first reactor at the plant, which has a total capacity of 4,800 megawatts, before the general elections next year.
