Business · Companies · 9 hrs ago
Turkish investors express interest in 49% stake in Akkuyu project
Turkish legal entities have expressed interest in buying a stake in the Akkuyu nuclear power plant project in Turkey.
Rosatom chief executive Alexey Likhachev said investors are interested in acquiring up to 49% of the project.
The project’s financial model allows a Turkish or foreign investor to enter, but the Turkish government must authorize the investment.
Rosatom and its Turkish partners are discussing the project’s financial and economic arrangements.
The negotiations are being held confidentially, Likhachev said.
A decision on changing the financial model and bringing in an investor is expected as the plant’s first unit moves through its development and operation phases.
Turkish legal entities have expressed interest in acquiring up to 49% of the Akkuyu nuclear power plant project, Rosatom CEO Alexey Likhachev said.
Negotiations are under way with Turkish partners on the project’s financial and economic model.
The intergovernmental agreement allows an investor to acquire up to 49%, subject to authorization by the Turkish government.
Likhachev said a decision on changing the financial model could come as the plant’s first unit moves through its development and operation phases.
- Who
- Turkish legal entities have expressed interest, according to Rosatom CEO Alexey Likhachev.
- What
- Investors are interested in acquiring up to 49% of the Akkuyu nuclear power plant project.
- When
- Likhachev made the statement on November 13. The timing of any decision was not stated.
- Where
- The project is the Akkuyu nuclear power plant in Turkey. Likhachev spoke to reporters in Antalya.
- Why
- The proposed investment is part of work with Turkish partners on the project’s financial and economic model.
This story does not have two clearly opposing sides.
Turkish legal entities expressed interest in acquiring a stake, Likhachev said.
Likhachev said negotiations with Turkish partners on the financial and economic model were under way.
Likhachev said a decision on changing the financial model would also be made.
- Proposed stake
- Up to 49%
- Project
- Akkuyu nuclear power plant
- Rosatom CEO
- Alexey Likhachev
- Announcement location
- Antalya
- Investor authorization
- The Turkish government must authorize an investor’s entry
What people are saying
Legal entities in Turkey that expressed such desire are present now.
We are working in this area.
Negotiations are underway in a kind of a confidential format at present