‘One bidder may drop out of race for Sinop nuclear power plant’

‘One bidder may drop out of race for Sinop nuclear power plant’

Photo: Reuters

September 20, 2012, Thursday/ 17:48:00/ İSMAİL YILDIZ

Energy and Natural Resources Minister Taner Yıldız noted on Thursday that Turkey is currently in the middle of an important negotiation process with countries that have bid to build and operate a nuclear power plant in the northern province of Sinop, and said, “I am not certain which company is the forerunner in the tender but I suppose one of them may drop out of the race by the end of the month.”

Responding to questions of reporters regarding the construction of a nuclear power plant in Sinop before entering a meeting in Kayseri, Yıldız stated that the proposals of countries such as China, Japan, South Korea and Canada are being completed; however, one of them may not be able to “make it to the end of the race.”

The minister explained that Turkey's economic growth rates as well as its energy consumption require nuclear power plants to be built in order to offset the demand. He also provided details about a meeting he had with a Canadian firm on Wednesday about their proposal. Technical teams will meet on Thursday to further discuss the process.

In addition, he also answered a question on the privatization of the Hamitabat power plant and stated, “Four firms have passed the preliminary qualifications and we tell them the plant will be advantageous in the region, but of course at a reasonable price.” He underlined that investments and privatizations in the energy sector will continue, stating that in the past 10 years the private sector share has increased from 34 percent to about 60 percent. “We plan to increase this rate to 75 percent,” he concluded.

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