Rosatom Offers EDF Partnership in Turkey’s First Nuclear Plant

Rosatom Corp. has invited Electricite de France SA (EDF) to help build Turkey’s first nuclear power plant as the Russian state atomic power company seeks partners for its new reactors.

Rosatom is ready to reduce its stakes in the planned Akkuyu nuclear power plant in Turkey and the Baltic plant in Russia to as much as 51 percent from 100 percent now, Vladislav Bochkov, a spokesman for the Moscow-based company, said by phone today.

“Rosatom is ready for a strategic partnership with all major energy companies, including EDF,” Bochkov said. He confirmed comments by Rosatom Deputy Chief Executive Officer Nikolai Spassky reported in French daily Les Echos on May 6.

Turkey imported more than $60 billion in energy last year and is seeking ways to improve energy efficiency, Finance Minister Mehmet Simsek said in April. A single nuclear plant would reduce Turkey’s current-account deficit, the third-largest in the world last year, by about $3 billion, he said. Turkey picked Russia’s Rosatom and ZAO Atomstroyexport for its first facility at a cost of $20 billion in 2010.

EDF’s press office in Paris didn’t immediately respond to a phone call and e-mail asking for comment.

The plant in the town of Akkuyu on the Mediterranean coast will have a capacity of 4,800 megawatts.

Rosatom may also extend cooperation with France’s Areva SA (AREVA), Bochkov said.

“We are ready to cooperate with all suppliers or equipment and services, including with Areva, on a tender basis,” he said.

To contact the reporter on this story: Anna Shiryaevskaya in Moscow at ashiryaevska@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.