Nuclear power plant in Turkey, Russia provides another 9 billion dollars / Ankara expects the power plant to be operational in 2026.
Turkey's energy minister said Russia had secured new financing worth $9 billion for the Akkuyu nuclear power plant being built by Moscow's state nuclear energy company Rosatom, adding that Ankara expects the plant to be operational in 2026.
Rosatom is building Turkey's first nuclear power plant at Akkuyu in the Mediterranean province of Mersin under a 2010 deal worth $20 billion. The plant was expected to come online this year, but has been delayed.
“This (funding) will most likely be used in 2026-2027. There will be at least $4-5 billion from there for 2026 in terms of foreign financing,” Turkish Minister Bayraktar told several local journalists at a press conference in Istanbul. He said Turkey was in talks with South Korea, China, Russia and the United States on nuclear projects in the Sinop province and the Thrace region, adding that Ankara wanted to get the “most competitive offer.”
Bayraktar said Turkey wanted to generate nuclear energy domestically and aimed to provide clear figures on the targets.
He added that Turkey was in talks with Saudi Arabia's ACWA Power for a 5,000-megawatt solar power package.
"We are also discussing a solar energy and energy storage project with another Gulf firm. The approximate investment cost for this is between $1.5-2 billion," Bayraktar said, without giving details.
Cilët sektorë preken më shumë nga rritja e pagës minimale? Hasalla: Fitim për punonjësit apo barrë për sektorët prodhues
Rritja e pagës minimale pritet të ketë ndikim të drejtpërdrejtë jo vetëm te të ardhurat e punonjësve, por edhe te kostot e bizneseve, veçanërisht në disa......
636 billion euros generated from 11-month consumption/ Budget collects 89 million euros more from VAT
The year 2025 has marked a significant increase in consumption in the country. Albanian citizens but also foreign tourists have shown a tendency to spend......
3.6 million euros for the Albania-Kosovo border/ Ratification of the EU 2025 fund, environment and tourism in focus
The Council of Ministers has submitted to the Assembly for ratification the amending financing agreement no. 1 between the Republic of Albania, the Republic......
How do Albanians view the economic situation? RCC: Albania with less negative perception than North Macedonia and Serbia
Citizens' perception of the state of the economy in the Western Balkans remains significantly negative. The latest Balkan Barometer 2025 data shows that the......
National Fund for the Rehabilitation of Mining Areas - Draft Strategy 2026-2024 requires the establishment of the link that is currently missing
The Draft Mining Sector Strategy 2026–2040 highlights one of the gaps in the administration of mining activity in Albania, which is the lack of a National......
End-of-year holidays with savings - Citizens: We will spend less than in previous years
As the new year approaches, citizens are faced with prices that do not know any reduction. Fruits and vegetables, essential for the New Year's table, are......
12 million euros distributed to 61 municipalities - Local government debts reduced. How will the funds be distributed?
The 61 municipalities in the country will benefit from 1.2 billion lek or about 12 million euros from the state budget, with the aim of paying off......
Which country in the region did Albanians travel to the most? RCC: Kosovo and Montenegro lead the flow. 52% did not choose any Balkan country
Travel has become an increasingly important part of the lives of Albanian citizens, especially in recent years, where a significant increase in tourist......
