Turkey is actively engaging in discussions with the United States regarding the construction of large-scale nuclear power plants and small modular reactors (SMRs), according to a senior Turkish Energy Ministry official.
“The United States has shown significant interest in Turkey’s ambition to expand its nuclear energy capacity by building new power plants,” Yusuf Ceylan, an official from the Energy Ministry, stated at a recent conference on nuclear power.
When questioned about specific projects under consideration, Ceylan responded, “We are exploring options both at existing power plant sites and potential new locations.”
“We are in discussions with the U.S. about both large-scale power plants and SMRs. This is a clear statement of intent,” he added.
U.S. Ambassador to Turkey, Jeff Flake, mentioned to Reuters last month that Ankara has been discussing the construction of small modular reactors with the United States. “We are collaborating to help reduce Turkey’s dependency on Russia in any possible way,” Flake said.
Ceylan also noted that Turkey is continuing negotiations with South Korea and Russia for a second nuclear power plant planned for the Black Sea region in Sinop, and with China’s State Power Investment Corporation (SPIC) for a third nuclear facility in Thrace, located in northwest Turkey.
Meanwhile, the construction of Turkey’s first 4,800 MW nuclear power plant by Russia’s Rosatom is progressing at Akkuyu, situated in the Mediterranean region. Turkey’s ambitious plan includes the development of three four-reactor nuclear plants, complemented by SMRs, aiming for a total generation capacity of 20,000 MW to diversify its energy mix.
Analysis:
This collaboration represents a significant opportunity for Turkey to diversify its energy portfolio and reduce its reliance on foreign energy sources, particularly Russia. For investors, this move could signal potential growth in Turkey’s energy sector, presenting lucrative opportunities in the fields of construction, technology, and energy services. The involvement of multiple countries and leading corporations indicates a robust competitive landscape, which may drive innovation and efficiency in project execution. Investors who anticipate these developments could strategically position themselves in related stocks and sectors to benefit from the upcoming surge in nuclear energy projects.
👉Explore AI-powered Automated Trading Today! Register for a free trial now!
✅Read about the automated trading software on Investing.com
