Does our dependence on Russia increase through Akkuyu Nuclear Power Plant Project?

Together with Akkuyu NPP Project, a Russian capital valued at approximately 20 billion US Dollar is transferred to Turkey at Russian party’s own risk. A 40 billion kWh-electricity will be produced with approximately 4.800 MWe installed capacity per year within the scope of the aforesaid project. There will be a decrease in the natural gas import at an amount of approximately 8 billion cubic meter and valued at 3,6 billion US Dollar per year throughout the above mentioned energy. This case will constitute an effect decreasing our dependence on foreign sources in the field of energy.

The following provision is indicated in the Intergovernmental Agreement [24]; the field is allocated for Akkuyu NGS Elektrik Üretim A.Ş. as our country’s obligation by the end of the disassembly period of the power plant and 50% of the electricity to be produced in the power plant will be purchased for 15 years by the Turkish Electricity Trade And Contracting Corporation. The project company will give 20% of the net profit of the Project Company on a yearly basis to the Turkish party for approximately 45 years after the end of the electricity purchase guarantee.

On the other hand, an obligation related to be purchased the fuel from the Russian Federation is not available. In addition to this, the agreement enable to be produced the nuclear fuel in Turkey in time. Thus, the article “Establishing, Operating Nuclear Fuel Facilities in Turkey and Fuel Cycle” is included in the section of aim and scope definitions in the Article 3 of the Agreement. 4 units to be established at the first stage are not sufficient economically to establish a nuclear fuel facility. However, as long as the number of nuclear power plant increases (at least 8 units), the nuclear fuel production will be possible in our country. The fuels of Akkuyu NPP will be supplied from the international markets by the long-term contracts within the framework of the agreement. Although it is stipulated to be received the nuclear fuel from Russia in practice, there is not any legal obligation.