Russia to Set Up Firm for Turkish Nuclear Plant, Hurriyet Says

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Russia will set up a company to handle construction of Turkey’s first nuclear power plant, Hurriyet reported, citing Hasan Koktas, head of the country’s energy regulator.

The company will have a capital of 1.4 billion liras ($787 million) and will apply to the Ankara-based regulator for a power-production license this year, the newspaper said.