U.S. Blocks Funds for Akkuyu Nuclear Plant, Project Perseveres

The United States has attempted to disrupt the construction of Turkey's Akkuyu nuclear power plant, a major project involving Russian collaboration, by seizing its funds. Despite these efforts, the project will continue unabated, according to Alexey Likhachev, General Director of the Rosatom State Corporation.

Jul 8, 2024 - 10:43
U.S. Blocks Funds for Akkuyu Nuclear Plant, Project Perseveres

The United States has attempted to disrupt the construction of Turkey's Akkuyu nuclear power plant, a major project involving Russian collaboration, by seizing its funds. Despite these efforts, the project will continue unabated, according to Alexey Likhachev, General Director of the Rosatom State Corporation.

"The conversion system is under attack. They withhold the money. 'They', the Americans... Well, they also do small things," Likhachev remarked during an interview with journalist Pavel Zarubin on the "Moscow. Kremlin: Putin" program, which aired on Russia-1 TV channel. Likhachev added confidently, "But the dogs are barking, the caravan is moving."

The Akkuyu nuclear power plant, the first of its kind in Turkey, represents the largest joint venture between Russia and Turkey. Once operational, its four advanced Russian VVER-1200 reactors, each with a capacity of 1200 MW, are expected to generate approximately 35 billion kWh annually, meeting up to 10% of Turkey's electricity needs. The first power unit is slated for commissioning in 2024.

This project is noteworthy as the first in the global nuclear industry to be executed under the "Build-Own-Operate" model. The total cost of the Akkuyu project is estimated at around $20 billion. It adheres to all modern international safety standards for atomic energy, ensuring robust safety protocols and environmental safeguards.

Despite U.S. financial pressures, Turkey and Russia remain committed to the project's completion. The Akkuyu plant is a strategic asset for Turkey, poised to significantly bolster its energy infrastructure and reduce its reliance on fossil fuels. Additionally, it strengthens the economic and diplomatic ties between Turkey and Russia.

The geopolitical implications of the Akkuyu project are significant. It underscores Russia's growing influence in the region and its capability to undertake large-scale international projects amidst global tensions. Meanwhile, Turkey's partnership with Russia on this venture highlights its pursuit of diversified energy sources and greater energy independence.

As construction progresses, the Akkuyu nuclear power plant stands as a symbol of resilience against external pressures and a testament to the collaborative efforts of Russia and Turkey in advancing their energy goals.