Akkuyu Nuclear Power Plant

On May 12, 2010, the Government of the Russian Federation and the Government of the Republic of Turkey signed an agreement on cooperation in construction and operation of a nuclear power plant at Akkuyu site in the Republic of Turkey. Pursuant to the agreement, Rosatom State Corporation is constructing a nuclear power plant (NPP) with four VVER-1200 units (total capacity: 4,800 MW) under the Build – Own – Operate (BOO) model. In December 2010, JSC AKKUYU NUCLEAR was established in Turkey to implement the project. Rosatom owns 99.2% shares in the project. The overall project cost is estimated at $20 billion.