Overview
- Turkish Energy Minister Alparslan Bayraktar said Russia has arranged roughly $9 billion in new financing for the Akkuyu nuclear plant.
- He said the funding is expected to be deployed in 2026–2027, including an estimated $4–5 billion flowing to Turkey in 2026.
- Turkey continues to target 2026 for the first Akkuyu reactor to begin generating electricity.
- The project consists of four Russian-designed VVER Generation 3+ reactors, each rated at about 1,200 MWt.
- Rosatom is building and set to operate the plant under a 2010 accord reported at about $20 billion, using a build-own-operate model.