Sinop Nuclear Power Plant project

2/4/2015
PPP

$ 16.3 billion

Announced

2/4/2015


Overview:

  • The Sinop Nükleer Enerji Santrali project is the planned construction of Turkey's second nuclear power plant in Sinop in northern Turkey. 
  • A Japanese consortium consisting of Engie, the Itochu Corporation and Mitsubishi Heavy Industries (MHI) signed a host government agreement with the Turkish government in April 2015.
  • The project will be completed by Atmea, a joint venture between MHI and the French group Areva.
  • The first unit is projected to go online in 2023, with the entire project completed with the finish of the fourth unit in 2028.

Jon Moore - Journalist

Jurisdiction:

Türkiye

Deal type:

PPP

Practice area:

PPP/PFI

Governing laws:

Turkey
Switzerland

Industry sector:

Energy


Firms:

Party: Engie (Project developer)

Party: Itochu Corporation (Project developer)

Party: Mitsubishi Heavy Industries (Project developer)

Lawyer: Okan Beygo


Party: Elektrik Üretim (Shareholder)

Party: Republic of Turkey Ministry of Energy and Natural Resources (Grantor)

Party: Sinop Enery IC (Shareholder)


Party: Tahrir Petrochemicals Corporation (Project developer)

Lawyer: Mohamed Ghannam


Party: Mitsubishi Heavy Industries (Project developer)

Lawyer: Okan Demirkan