Help Desk -
9958816305, 9810335381

Sberbank Provide loans for Turkish Nuclear Power Station

Power News - Published on Fri, 23 Aug 2019

Image Source: Daily Sabha
Russia's largest lender Sberbank will provide a USD 400 million loan for the construction of the Akkuyu nuclear power station in Turkey. The seven-year loan will be provided to a subsidiary of Rosatom, Russia's state nuclear firm building the plant. The 4,800 MW plant is intended to reduce Turkey's dependence on energy imports, but has been beset by delays since Russia was awarded the contract in 2010.

In June, Turkish President Tayyip Erdogan said it was important to finish the first reactor in the Akkuyu nuclear power plant by 2023.

Source :

Posted By : Ratan Singh on Fri, 23 Aug 2019
Related News from Power segment