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US$22 billion. 89 Site preparation work started in April 2015 90 and it was estimated that US$3<br />

billion had been spent as of autumn 2015. 91 In January 2016, Akkuyu Nuclear submitted to the<br />

Atomic Energy Authority its final site parameter report, which must be approved before a<br />

construction license can be granted. 92 There are suggestions that Rosatom may sell a 49 percent<br />

of its stake to one of Turkey’s leading construction conglomerates, Cengiz Insaat, and that this is<br />

part of a political maneuver to keep the deal alive given the souring of relations between Russia<br />

and Turkey. 93 This claim was widely published in the Turkish media but denied by Rosatom. 94 It<br />

was also reported in October 2015 that Turkish President Recep Tayyip Erdogan warned Russia<br />

risked losing the Akkuyu deal as a result of Russian intervention in Syria. 95 In June 2016, Russia’s<br />

permanent representative to the IAEA said that work on Akkuyu “is likely to resume following the<br />

rapprochement between the two countries”, which evidently indicates that work is suspended as<br />

of the time of the statement. 96<br />

Sinop<br />

Another proposed project is at Sinop, on the northern coast, where the latest project proposal is<br />

for 4.4 GW using the ATMEA reactor design. If completed this would be the first reactor of this<br />

design, jointly developed by Mitsubishi and AREVA. 97 In April 2015, Turkish President Erdogan<br />

approved parliament’s ratification of the intergovernmental agreement with Japan. 98<br />

The estimated cost of the project is US$22 billion and involves a consortium of Mitsubishi, AREVA,<br />

GDF-Suez (now known as Engie), and Itochu, who between them will own 51 percent of the<br />

project, with the remaining 49 percent owned by Turkish companies including the State-owned<br />

89 Vatan, “Russian pressed for money, Akkuyu delayed 2 years”, 24 March 2015, see<br />

http://www.gazetevatan.com/ruslar-paraya-sikisti-akkuyu-2-yil-gecikecek-752934-ekonomi/, accessed<br />

29 March 2016.<br />

90 WNN, “Ground broken for Turkey's first nuclear power plant”, 15 April 2015, see http://www.worldnuclear-news.org/NN-Ground-broken-for-Turkeys-first-nuclear-power-plant-1541501.html,<br />

accessed<br />

1 July 2016.<br />

91 Hurriyet Daily News, “$3 billion spent on Akkuyu power plant so far: CEO”, 29 September 2015, see<br />

http://www.hurriyetdailynews.com/3-bln-spent-on-akkuyu-power-plant-so-farceo.aspx?pageID=238&nID=89154&NewsCatID=348,<br />

accessed 1 July 2016.<br />

92 NIW, “Briefs—Turkey”, 15 January 2016.<br />

93 NIW, “Newbuild, Moscow Eyes Turkish Parnters for Akkuyu”, 29 April 2016.<br />

94 ITAR/TASS, “Russia's Rosatom denies plans for sale of Turkish NPP project share — CEO”, Information<br />

Telegraph Agency of Russia/Telegraph Agency of the Soviet Union, Russian News Agency, 27 April 2016; see<br />

http://special.itar-tass.com/en/economy/872784, accessed 1 July 2016.<br />

95 AFP, “Erdogan warns Russia risks losing Turkey energy deals over Syria”, Agence France Presse,<br />

8 October 2015, see https://www.yahoo.com/news/erdogan-warns-russia-over-turkey-nuclear-gas-deals-<br />

090402732.html?ref=gs, accessed 1 July 2016.<br />

96 Sputnik International, “Russian Nuclear Power Plant Deal With Turkey to Progress After Thaw,”<br />

30 June 2016; see http://sputniknews.com/business/20160630/1042237791/akkuyu-russia-turkey.html,<br />

accessed 4 July 2016.<br />

97 WNN, “Turkish utility eyes large stake in Sinop project”, 12 May 2015, see http://www.world-nuclearnews.org/C-Turkish-utility-eyes-large-stake-in-Sinop-project-12051501.html,<br />

accessed 1 July 2016.<br />

98 WNN, “Ground broken for Turkey's first nuclear power plant”, 15 April 2015, see http://www.worldnuclear-news.org/NN-Ground-broken-for-Turkeys-first-nuclear-power-plant-1541501.html,<br />

accessed<br />

1 July 2016.<br />

Mycle Schneider, Antony Froggatt et al. 47 World Nuclear Industry Status Report 2016

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