Candu Is in Talks With Turkey About Second Nuclear Plant

Canada’s Candu Energy Inc., owned by SNC-Lavalin Group Inc. (SNC), is holding talks with Turkey about building the country’s second nuclear plant, the Anatolia news agency reported, citing Energy Minister Taner Yildiz.

Yildiz said a bidder from Japan, South Korea or China may emerge as the front-runner by the end of this month, according to Anatolia. Talks with Candu are continuing at the technical level today following a meeting with senior officials yesterday, Yildiz said, the agency reported.

“The result of this race will be clear at the end of this month,” the agency quoted him as saying in the central Anatolian city of Kayseri.

Turkey is planning to build the second facility by 2023 at Sinop on the Black Sea coast. Russia is to build Turkey’s first atomic plant at Akkuyu on the Mediterranean.

To contact the reporter on this story: Ali Berat Meric in Ankara at americ@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

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