Nuclear

Russian-Turkish consortium bids 21.16 cents/kWh for nuclear plant

19 January 2009 – A consortium, formed by Russia’s state-run Atomstroyexport, Inter RAO and Turkish Park Teknik, has offered 21.16 cents/kWh (dollars) for the construction and management of Turkey’s first nuclear power plant.

Turkey’s government has received a revised offer from ZAO Atomstroyexport to build the country’s first nuclear plant, Bloomberg reported Turkish Energy Minister Hilmi Guler saying in Ankara on Monday.

Guler declined to say whether an initial bid to provide electricity from the 1200 MW plant to the Turkish grid at 21.16 cents per kilowatt hour was acceptable or not.

After the bid is opened at the Energy Ministry, Turkey’s state-run power company, TETAS, will assess the submitted price and finalize the tender process. The final decision of TETAS will then be submitted to cabinet for approval.

The chairman of the tender commission said the consortium will submit another bid for the price, CNNTurk reported.

The consortium was the sole bidder in a tender to build and operate the country’s first nuclear power plant.

The tender was described as disappointing by some analysts, because a number of foreign and local companies that had previously expressed interest did not submit bids, making the Russian consortium the sole bidder.

Turkey plans to build three nuclear power plants as part of efforts to reduce a costly dependence on energy imports.