Search Site

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.

SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

Turkey-China nuclear power plant deal possible soon: Minister

This pic shows the construction of the Russian-built Akkuyu Nuclear Power Plant in Mersin Province. (AFP)
  • Senior officials from the Chinese government visited eastern Thrace and saw the sites where the construction is planned, Middle East Eye reported.
  • Russia is already building a power plant in Akkuyu that will become partly operational next year.

Dubai, UAE — The talks between Turkey and China to build a nuclear power plant in eastern Thrace are progressing and a deal is possible in a few months, Turkish Energy Minister Alparslan Bayraktar said Thursday.

Middle East Eye reported that Bayraktar told reporters that senior officials from the Chinese government visited eastern Thrace and saw the sites where the construction is planned.

“We came to a very important point that we need to finalise [the deal] in a few months,” Bayraktar said.

“There are some other interested parties and we have already had enough negotiation for certain parts of the deal and we are quite close to [a resolution]. I don’t think we have major differences. We are able to strike a deal soon with China for the nuclear power program.”

Middle East Eye said that a separate source noted that China’s National Energy Administration Vice Administrator He Yang and State Power Investment Corporation Senior Vice President Lu Haongzao were part of the visiting delegation that inspected the area in Thrace. 

Turkey has an ambitious nuclear program. Russia is already building a power plant in Akkuyu that will become partly operational next year and there are ongoing talks with South Korea and Moscow for a second plant that is planned to be built in Sinop.

The government is also open to building small modular reactors (SMR’s) with the UK, US and France, but the projects must be licensable – meaning tested and secure – commercial and locally produced, the Middle East Eye reported.

Bayraktar said Turkey needs to produce 20 gigawatts from the nuclear power plants in the future, adding that Turkey could add five gigawatts of small modular reactors to its system.

The Akkuyu power plant has already made significant contributions to the Turkish economy and energy sector.