INSEAD Day 4 - 728x90

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

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.