Russia to sell shares in Akkuyu Nuclear in 2016

Russia plans to sell 49% of its shares in the Akkuyu Nuclear Power plant. General Manager of Akkuyu Nuclear, Fuad Akhundov has said that shares would go on sale next year. Russian state-run corporation Rosatom which is building the power station will remain the main shareholder.

“Rosatom will remain as the principal shareholder of Akkuyu, which will be owned 100% by Russia. We plan to sell 49% of it in 2016. We are planning an organization in which international investors, including Turkish companies, will be invited”, said Akhundov.

Akkuyu Nuclear Power Plant, which will have 4,800 megawatt of installed capacity, is going to cost nearly $20 billion. Akhundov said the project is going to create $6-8 billion in business volume for Turkish companies and Russia has so far invested $3 billion.

Daily Sabah

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