According to the company's statement, the new participant company, Titan-2 Concern, will act as a contractor for the Atomstroyexport (ASE) company - an engineering division of Rosatom. Cooperation with Titan-2 Concern for the Akkuyu NPP is the next step in the company's strategy to have reliable partners for the construction and assembly at all construction facilities of ASE's engineering division, Valery Limarenko, head of ASE Company and the Engineering Division of Rosatom State Corporation said.
According to Grigory Naginsky, CEO of Titan-2 Concern, the company is well placed to participate in the project having extensive experience in nuclear plant construction such as the second power unit of Russia’s Leningrad NPP-2 and pre-construction works at the site of the Hanhikivi-1 NPP in Finland.
"We have accumulated long-term experience in the construction of nuclear facilities. We enter the Turkish project with thorough understanding of the NPP construction processes and technologies," Naginsky said. Rosatom's Rosenergoatom Concern has a 50 percent share in the Titan-2 Concern company.
The Akkuyu project started with an intergovernmental agreement signed between Turkey and Russia on May 12, 2010. On April 3, Turkish President Recep Tayyip Erdogan and his Russian counterpart Vladimir Putin attended the plant's groundbreaking ceremony via a video conference call from the Presidential Complex in the Turkish capital, Ankara.
Russian State Nuclear Energy Agency Rosatom and participants will build the plant comprising four units, each of which has a capacity of 1,200 megawatts. The plant will have a working life of 8,000 hours per year, and will produce 35 billion kilowatts of electricity at full capacity, which will meet about 10 percent of Turkey's electricity needs.
The plant has an operational date for the first reactor set for 2023, while the plant is expected to be up and running at full capacity by 2025.
(Anadolu Agency)