ANKARA — Turkey and South Korea have failed to reach agreement on a
nuclear energy reactor, but the estimated $1
billion facility, meant for construction in Sinop, was expected to be
decided before a G-20 meeting in Seoul on Nov. 7..
Officials said Ankara and Seoul have been hampered by technical
disagreement in efforts to conclude a nuclear reactor deal. They said the
dispute concerns such issues as loan guarantees, risk sharing, cost and
joint venture.
"There are some unresolved issues between the parties," Turkish Energy
Minister Taner Yildiz said.
Also In This Edition
Ankara and Seoul have been negotiating for nearly a year in an effort to
construct a second nuclear energy reactor in Turkey.
"The contacts between Turkey and a Korean committee have continued for
three weeks," Yildiz said on Nov. 1. "But the deal is clear."
Ankara has already reached agreement with Russia for the construction of
another 1,000 megawatt reactor in Akuyu. The Russian deal called for the
state-owned Atomstroyexport to build and operate the facility in an effort
to bolster Turkey's power generation.
"We believe our industry will be boosted with these power plants,"
Yildiz said.