Akkuyu licensing milestones

Akkuyu licensing milestones

Overview

  • Release Date: June 19, 2017

In 2010, Taner Yildiz, Turkish Minister of Energy and Natural Resources and Igor Sechin, Prime Minister of the Government of the Russia, signed the joint declaration of cooperation on the first nuclear power plant of Akkuyu in Turkey.

On February 28, 2017, Akkuyu Nuclear JSC applied for the electricity generation license to the Energy Market Regulatory Authority (EPDK).

On June 15, 2017, EPDK issued this license for a period of 49 years.
to Akkuyu Nuclear JSC., which will build Turkey’s first nuclear power plant,

On the next step,  It is expected that Akkuyu Nuclear JSC will obtain the Forest Final Permits and the right of use of the land.

The Turkish Atomic Energy Agency (TAEK) will also issued the limited construction permit in August2017, for the construction of auxiliary systems, components and structures, such as the foundation pit of reactor’s island, turbine islands, etc., which are not directly related to nuclear.
It is expected that the full construction licence will be acquired and the constructions begin by the march 2018 from TAEK.

the Unit 1 must be taken into commercial operation at the latest within seven years from the date of issuance of all necessary permits by the Republic of Turkey.
On June 19, 2017, Russia’s public-owned nuclear power company Rosatom announced that it would sell 49 percent of its Akkuyu project to the Cengiz-Kolin-Kalyon consortium. The shareholding agreement will be signed until the end of the year.

The plant is scheduled to be completed in 2023.

Akkuyu Nuclear Power Plant is expected to supply 434 billion kilowatt-hours of electricity per year to Turkey when it starts working with full capacity and meet 8.06 percent of the demand. It will be 6.2 percent in 2030 and 3.8 percent in 2040 when consumption demand rises in the same way.

 

About Author

Arnaud Lefevre

Arnaud Lefevre is the Chief Executive Officer of Dynatom International. Arnaud is in charge of the international development of the business portfolio.