Companys History

 

On May 12, 2010, the Agreement “On Cooperation in the Construction and Operation of a Nuclear Power Plant at the Akkuyu Site in the Republic of Türkiye” was signed between the Governments of the Russian Federation and the Government of the Republic of Türkiye.

 

In accordance with this agreement, the State Atomic Energy Corporation Rosatom is to build in Türkiye a nuclear power plant including four power units with VVER-1200 reactors with a total capacity of 4,800 MW under BOO conditions (Build - Own - Operate). In December 2010, in order to implement the project, AKKUYU NUCLEAR JSC was set up in Türkiye, Ankara.

 

AKKUYU NUCLEAR JSC's stakeholders are companies authorized by the relevant Order of the Government of the Russian Federation:

  

Shareholder

Share Ratio (%)

Atomstroyexport CJSC

2,267 %

Inter RAO UES JSC

0,820 %

Rosenergoatom JSC

21,948 %

Atomtechenergo JSC

0,025 %

Atomenergoremont JSC

0,025 %

Rusatom Energy International JSC

74,915 %

TOTAL

100 %

 

Under the terms of the Agreement, the Russian side reserves the right to sell a project share of not more than 49% to other investors. It can be either one investor for all 49% or a smaller share, or several entities. A prerequisite for investors to enter the project is their approval by the Turkish side as provided by the IGA on the project.