Russia will set up a company to handle construction of Turkey's first nuclear power plant, Hurriyet reported, citing Hasan Koktas, head of the country's energy regulator.
The company will have a capital of 1.4 billion liras ($787 million) and will apply to the Ankara-based regulator for a power-production license this year, the newspaper said.
Turkey selected Rosatom Corp. and Atomstroyexport ZAO to build the plant in the town of Akkuyu on the Mediterranean coast. The $20 billion project includes four units with a combined capacity of 4,800 megawatts, the newspaper said.
