No argument here : One of the world’s fastest-growing economies, Turkey has significant energy needs. The majority Muslim nation’s energy demands will double by 2023, according to one projection. Nuclear Energy perhaps? Turkey has contemplated it for some years, but lacked a partner to help cover the expense of building the facility- running nuclear energy plants is inexpensive, building one is expensive. Now it has a partner – and in an arrangement that seems close to unique: The $20 billion venture will be wholly financed by a subsidiary of Rosatom , Russia’s state-controlled nuclear energy corporation. The Russian firm has agreed to build, own and operate the plant for its entire productive life, with spent fuel sent to Russia for reprocessing. The deal represents an unprecedented level of cooperation between the former adversaries. Various Turkish officials have a lot of questions about this, some of which involve national sovereignty, always a touchy subject. F...
Former blog for NEI featuring news and commentary on the commercial nuclear energy industry. Head to NEI.org for the latest blog posts.