During AKP President Recep Tayyip Erdoğan's visit to Seoul, the capital of South Korea, four agreements were signed between Turkey and South Korea in the fields of science, technology, natural resources, mining, energy and nuclear energy.
A "Memorandum of Understanding on Strengthening Cooperation in the Field of Energy" was signed between the Ministry of Energy and Natural Resources of the Republic of Turkey and the Ministry of Climate, Energy and Environment of the Republic of South Korea, and a "Memorandum of Understanding on Cooperation on Nuclear Power Project Financing" was signed between Turkey Nükleer Enerji AŞ and the Export-Import Bank of South Korea.
Türkiye'S NUCLEAR INVESTMENT TARGET
After the agreement signed by Türkiye and South Korea in the field of nuclear energy, all eyes turned to the thousands of megawatt nuclear power plant investments that will come to the agenda in the new period and the critical steps to be taken in this field.
Energy management is working on nuclear power plant investments. The study aims to pave the way for globally prominent companies to invest in nuclear power plants in Türkiye. The package prepared for this purpose will include electricity purchase guarantee, incentives and tax exemptions.
It is expected that the draft law, which will be prepared after the completion of the study containing comprehensive regulations regarding nuclear energy, will be submitted to the Parliament in the new year.
TARGET IS 20 THOUSAND MEGWATTS BY 2050
Türkiye aims to expand its nuclear power plant investments, which started with Akkuyu, and to establish new large and small modular power plants. Currently, the construction of the nuclear power plant in Mersin-Akkuyu, consisting of 4 units with an installed capacity of 1,200 megawatts each (4 thousand 800 megawatts in total), which will be built and operated by Russian Rosatom, continues.
Minister of Energy and Natural Resources Alparslan Bayraktar explained the goal as follows in his statement:
"We will expand our nuclear energy initiative, which started with Akkuyu, with our new power plants and small modular reactors in Sinop and Thrace. Our goal is to increase our nuclear energy capacity to 20 thousand megawatts by 2050."
MEETINGS WITH SOUTH KOREA, CANADA AND JAPAN
Turkey plans to establish its second nuclear power plant in Sinop-İnceburun and its third in Thrace. Negotiations are being held with different countries for the second and third nuclear power plants, with Canada, South Korea and Japan coming to the fore.
South Korea stands out as the strongest candidate for the nuclear power plant planned to be built in Sinop. This power plant is planned to consist of 4 units and have an installed power of 4 thousand 560 megawatts.
INVESTMENT PACKAGE
Energy management is carrying out important work to accelerate nuclear power plant investments and meet the 2050 target.
Sources that closely follow nuclear investments and studies said that a study was carried out aimed at paving the way for globally prominent countries and companies to invest in nuclear power plants in Türkiye.
Sources pointed out the incentives that will be included in the study and said, "The study will include a macro view and regulations for the nuclear power plant. In this context, there will also be regulations that will encourage investment. There will also be electricity purchase guarantee, incentives and tax exemptions."
The draft law, which will be prepared after the completion of the study containing comprehensive regulations regarding nuclear energy, is expected to be submitted to the Parliament in the new year.
ELECTRIC CURRENT GUARANTEE
The state will purchase the electricity produced in Akkuyu at 12.35 dollars cents. 70 percent of the electricity produced in the power plant in the first and second units and 30 percent in the third and fourth units are covered by a purchase guarantee for 15 years.
Akkuyu has an operating life of 60 years. It is stated that the Russians can extend this period for another 20 years, provided that they replace some parts of the power plant.
