Ankara: Turkey is all set to construct its first nuclear power plant in the southern province of Mersin.
The Turkish Parliament had adopted the bill on July 15 and the law on its construction and operation had entered into force after it had been published in the Official Gazette yesterday.
Turkey and the Russian Federation have signed an agreement in Ankara on the construction of the nuclear power plant on May 12, 2010.
According to the agreement, the two countries will cooperate in construction and operation of nuclear power plant in Akkuyu in southern province of Mersin.
Russia`s Nuclear Energy State Corporation (Rosatom) and Turkish Energy and Natural Resources Ministry will be the parties to the agreement.
Russia will launch necessary procedures to establish a project company within three months after the agreement was signed. The Russian authorised institutions will have at least 51 percent share in the project company.
The Russian Federation will undertake creation of a new project company to fulfil the liabilities of the agreement in case the first company fails.
The power plant will have the total capacity of 4,800 MW. The Akkuyu nuclear power plant is expected to meet 14 percent of the energy Turkey currently generates.