President Gul Approves Nuclear Power Plant Law

Wednesday, November 21, 2007

ANKARA - President Abdullah Gul approved Tuesday the law on the establishment, operation of nuclear power plants and sale of energy.

Under the law, Turkish Atomic Energy Agency (TAEK) will set the criteria required for companies that are willing to establish and run 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.

In accordance with the law, TETAS will buy all the energy produced in nuclear power plants.

The Council of Ministers shall decide on establishment of a public company to establish and operate a power station in and out of the country, and sell the electricity produced in that power plant. Private companies can have shares in this public company.

Under the law, the companies that will establish and/or operate a nuclear power plant will not have to get a licence from the Energy Market Regulation Board (EPDK) before submitting their bids for the tender. The company that wins the tender will get the licence before it starts fulfilling the project.

Published: 11/20/2007, Turkish Press,

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