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ENERGY > Turkey's second nuke plant to cost $25 billion

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Turkey is getting new offers for its second nuclear plant, says Turkish Energy and Natural Resources Taner Yıldız.

Turkey is getting new offers for its second nuclear plant, says Turkish Energy and Natural Resources Taner Yıldız.

Turkey’s second nuclear power plant, slated to be built in the northern province of Sinop, will cost around $25 billion, Turkish Energy and Natural Resources Minister Taner Yıldız said at a press event Feb. 12.

“The second nuclear power plant will require an investment worth between $22 billion and $25 billion,” he said during the Turkish National Committee of World Energy Council conference.

Turkey needs to diversify its energy resources with sources such as nuclear power. Several countries have asked to build the nuclear power plant, which will possess four units, he said. Yıldız underlined that they had received new offers from countries and companies as the competition heats up.

The country generated 4,100 more megawatts of power last year, bringing the total to 58,000 megawatts, he said.
 
Search for domestic oil

Turkey’s energy demands are increasing because it is a growing country, said Yıldız, adding that they aimed to satisfy such needs through domestic renewable energy resources.

The minister also said crude oil and natural gas, which were imported, should be provided by domestic resources, adding that an oil exploration fund had risen 13 times in the last 10 years.

“We will find oil, if it exists [in Turkey],” he said. “While a barrel of oil cost $22 10 years ago, it has jumped to around $122 today.”

Yıldız also said six wells that had been capped with concrete in the 1980s because they had been deemed dry had now been reopened and were producing between 100 and 500 barrels of oil.

Exploration has begun in southeastern provinces like Diyarbakır, Adıyaman and Şanlıurfa and will soon begin once more in others, he said.

February/14/2013

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James Bowlby

2/19/2013 4:52:27 AM

Folks you are missing a key point in the report. " ...Several countries have asked to build the nuclear power plant, which will possess four units." Four units...not one unit. Four reactors at one plant site. So each unit will cost a little over $6 billion which is about average for today.

Cem Ian Hanley

2/16/2013 7:50:58 AM

There bis absolutely no way that any nuclear power plant any wher on earth can cost anything like 25 billion dollars. You couild build one on the moon nfor that. For goodness sake, at current oil prices, solar is a viable option. Taner Yildiz has his numbers completely wrong.

mok 10501

2/14/2013 7:29:40 PM

What are you building for $25 B? Cadillac to carry cow manure? You can built at least 7 to 8 of 1400MWe plants with that much money. It looks like there is an reporting error in those numbers.

ismail demir

2/14/2013 7:21:33 PM

German solar companies look for fools to abuse.If Turkey spends 1 trillion dollars to solar energy, it may produce her energy needs.Buying solar panels only benefits Germans.That is why German Government is the biggest funder of enviromentalists worlwide.

Murat

2/14/2013 6:17:07 PM

Optimism is a good thing, but does not power up your iphone. I am all for maximizing alternate energy sources. No matter what investments are made, modern society's need of energy density can not be met with solar and wind alone. We passed that point about 100 years ago. That is a fact. Wishful thinking is no substitute for basic math. Then again, we have a society that does not belive in Darwin's theory by the largest margin in the world.

Optimist 23

2/14/2013 5:33:09 PM

With wind and solar Turkey could easily get 20 percent of its electricity in a few years. It is also price competitive compared to atomic energy. To consider the risk of earthquakes in TK, irresponsible to say the least. On wind and solar TK could develop a technology it could sell all over ME. Atomic technology will remain in the hands of Russians

Tayyar Abi

2/14/2013 5:07:47 PM

How many years of danger must elapse before this idiotic and dangerous plan even pays for itself?

Murat

2/14/2013 4:02:35 PM

Faruk bey, what fairy tale book is that from? Turkey and the world needs nuclear energy. It is the cleanest and can be the safest. No amount of investment in alternative energy can possibly meet more than 20% of Turkey's needs, and that is a practical theoretical maximum. That is not without cost either. Where is 80% coming from? Fusion is about 100 yrs away still. Half ignorance is worse than full ignorance at times. Sooner we learn how to deal with nuclear better it is.

dogan kemal ileri

2/14/2013 10:24:42 AM

Faruk Beisser the establishment of nuclear power stations in Turkiye isn't just about energy production nor its diversification. Turkiye needs to join the list of advanced technology nations in the world. We can't make a living on the range of low technology produce or agriculture alone. Besides nuclear technology is paramount in medical care to all walks of industry let alone research. Turkiye's venture into the nuclear sphere is much belated its well time to rectify this and march on.

Faruk Beisser

2/14/2013 9:29:51 AM

Alone with solar energy Turkey could not only supply its own need, but also that of neighboring countries. How much is Gülen/Erbakan AKP and this minister going to rip off from the companies vying for a contract? And Cernobyl was not enough to poison the area round Sinop, let us merrily contaminate more areas of Turkey, future generations will thank us, pardon, thank the saviors of AKP.
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