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Sberbank confirmed this week that it will provide a $400 million loan
for Turkey's Akkuyu nuclear power plant project.
According to reports, the loan has a term of 7 years and will be provided to a subsidiary of Rosatom, which is responsible for the construction of Turkey's Akkuyu nuclear power plant project
.
The Akkuyu nuclear power plant has an installed capacity of 4,800 MW and aims to reduce Turkey's dependence on imported energy
.
In fact, the contract for the construction of the Akkuyu nuclear power plant project was signed with Russia in 2010, but it has been extended for a number of reasons
.
In June, Turkey's president announced that the first reactor at the Akkuyu nuclear power plant would be completed
in 2023.
Sberbank confirmed this week that it will provide a $400 million loan
for Turkey's Akkuyu nuclear power plant project.
According to reports, the loan has a term of 7 years and will be provided to a subsidiary of Rosatom, which is responsible for the construction of Turkey's Akkuyu nuclear power plant project
.
The Akkuyu nuclear power plant has an installed capacity of 4,800 MW and aims to reduce Turkey's dependence on imported energy
.
In fact, the contract for the construction of the Akkuyu nuclear power plant project was signed with Russia in 2010, but it has been extended for a number of reasons
.
In June, Turkey's president announced that the first reactor at the Akkuyu nuclear power plant would be completed
in 2023.