TURKEY TO BUILD NUCLEAR POWER PLANT

PanARMENIAN.Net
09.11.2007 14:54 GMT+04:00

/PanARMENIAN.Net/ The Turkish parliament voted Thursday evening
to adopt legislation setting out the terms for the establishment
and management of nuclear power plants and the sale of electricity
produced by the power stations.

The law foresees the Turkish Atomic Energy Agency (TAEK) laying down
the criteria required for companies that are willing to establish
and operate a nuclear power plant. After the regulation is passed,
Turkish Electricity Trade & Contract Corporation (TETAS) will open
a tender for nuclear power plants. At the end of the tender process,
the awarded companies and TETAS will sign a contract.

The legislation had previously been passed by the parliament earlier
this year but had been vetoed by then President Ahmet Necdet Sezer. Who
had requested the parliament to give more consideration to the bill.

Turkey’s Council of Minister has been tasked with deciding on
establishing a public company to build and manage a power station,
and the terms of selling the electricity produced. Private companies
can have shares in this public company.

Under the law, the companies that will establish and/or manage a
nuclear power plant will not have to get a license from the Energy
Market Regulation Board (EPDK) before submitting their bids for
the tender.

The company that wins the tender will get the license before it starts
fulfilling the project, NTV reports.