South Korea to build nuclear plant to Turkey
Posted on 28. Aug, 2010 by Latha B. Reddy in General
A new era of cooperation looks to begin between South Korea and Turkey as South Korea says it will help Turkey in building a nuclear power plant in its northern territory.
The Sinop Nuclear Power Plant as it is known will be built by South Korea along the Black Sea coast and it is estimated to cost about $10 billion.
According to Turkish News Daily Hurriyet, both Turkish President Abdullah Gul and the South Korean President Lee Myung-bak have agreed on the mutual cooperation on the project in nuclear energy sector.
The preparatory work for the project in underway and the presidents of both countries may enter ink in a deal as the South Korea President will travel to Seoul for the G-20 summit scheduled for November 2010.
Just so one know, Russia inked a deal with the Turkey to build, own as well as operate the first nuclear power plant of Turkey at Akkuyu.
Hurriyet also reported that KEPCO Korea-based state-controlled power company officials made a visit to Ankara to have talks with the Turkish Energy Minister Taner Yildiz on the nuclear agreement. It should be noted that KEPCO is Korea’s largest nuclear energy generating company and ranks sixth in the world as regards amount of generated power from nuclear sources.
Both Turkey and South Korea will hopefully work on the cooperation issues to have the deal inked.
