Power Machines, ERG Insaat cooperate on Akkuyu NPP equipment production in Turkey

25 November 2013 (Last Updated November 25th, 2013 18:30)

Power Machines and ERG Insaat have signed a bilateral memorandum of strategic partnership related to the manufacture of the turbine plant equipment for the Akkuyu nuclear power plant (NPP) project in Buyukeceli, Mersin Province, Turkey.

Nuclear Power Plant

Power Machines and ERG Insaat have signed a bilateral memorandum of strategic partnership related to the manufacture of the turbine plant equipment for the Akkuyu nuclear power plant (NPP) project in Buyukeceli, Mersin Province, Turkey.

The bilateral agreement calls potential production of certain components and parts of the steam turbines, generators and heat exchangers equipment at the Turkish market under Power Machines' supervision, should the Russian company win the equipment supply contract.

Power Machines possess all necessary technical and production resources to cater the turbine plant main equipment for the Akkuyu NPP machine hall, and its production facility near Saint Petersburg can produce up to four complete sets of steam turbines and turbogenerators annually.

Power Machines general director Igor Kostin said the latest cooperation is in complete keeping with the spirit of the Russian-Turkish intergovernmental agreement as related to broad involvement of Turkish companies in the implementation of the project.

Earlier in May 2010, the governments of Russia and Turkey signed a cooperation agreement for the construction of a 4,800MW nuclear power plant consisting of four power units of NPP-2006 project with VVER-1200 reactors in Mersin province.

"The agreement stipulates that foreign investors are allowed to purchase a stake of no more than 49% in the company's share capital at any time."

In the agreement, the Russian side set up a project company Akkuyu NPP in Turkey in December 2011 and the shareholders of the project company include Rosenergoatom (92.85%), Inter RAO UES (3.47%), Atomstroyexport (3.47%), Atomenergoremont (0.1%) and Atomtekhenergo (0.1%).

The agreement stipulates that foreign investors are allowed to purchase a stake of no more than 49% in the company's share capital at any time.

Akkuyu NPP is obliged for the design, construction, maintenance, operation and decommissioning of the plant, which is to be implemented on build-own-operate principles.

Akkuyu NPP is the general customer and investor; Atomenergoproekt is the general designer; Atomstroyexport is the general construction contractor; Rosenergoatom is the technical customer; InterRAO-WorleyParsons is the licensing consultant; and National Research Center 'Kurchatov Institute' is the scientific supervisor for the project.

The mobilisation and construction phases cover the period from 2010 to 2023, and commissioning of the first power unit of the plant is set for 2020.


Image: Engineering investigations at the Akkuyu NPP site. Photo: courtesy of Akkuyu NGS.

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