09 March 2021
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JSC Akkuyu Nuclear, a subsidiary of Russia s Rosatom, said today it had received two loans of up to USD200 million and USD100 million, respectively, for a period of seven years from Sovcombank to finance the construction of the Akkuyu nuclear power plant in Turkey. The loans are being provided on special terms, Rosatom said, including a reduction in the interest rate when the borrower fulfills its sustainable development covenants . Sovcombank is one of Russia’s 10 biggest banks, with assets totalling RUB1.6 trillion (USD20.27 billion).
Akkuyu unit 1 (Image: Rosatom)
Rosatom s Deputy Director General for Economy and Finance Ilia Rebrov said: By committing to sustainable development obligations as part of the loan agreements, Rosatom, by means of the Akkuyu project, exemplifies the new level of responsibility assumed by nuclear companies in implementing the world s sustainable development agenda.
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First Turbine Module Delivered for Turkish Nuclear Plant
Turkey’s first nuclear power plant reached a milestone with delivery of the first steam turbine module for the project, four months ahead of schedule.
GE Steam Power, which is supplying all the major equipment for the plant’s four turbine islands, on Jan. 12 announced it had delivered the module to Atomenergomash, an engineering company and the nuclear power division of Rosatom, Russia’s state-owned nuclear power company.
Russia s Sovcombank to lend up to $300 mln to Turkey s Akkuyu Nuclear for NPP construction Turkey Akkuyu Soruce: http://www.akkuyu.com/
ANKARA (Turkey), December 18 (SeeNews) - Russia s Sovcombank said on Friday it will lend up to $300 million (244.8 million euro) to Turkish construction company Akkuyu Nuclear, a subsidiary of Russia s state-owned nuclear energy corporation Rosatom, for the construction of the Akkuyu nuclear power plant (NPP) in Turkey.
Sovcombank will provide the loan over a period of seven years, it said in a statement. The construction of the Akkuyu NPP in Turkey is progressing at a good pace. In this context, Sovcombank s loan is important to ensure timely financing of the project. In general, Rosatom is currently engaged in many projects that require the involvement of reliable financial partners focused on supporting the sustainable development agenda. I am confident that Sovcombank will help us facilitate solutions for these objectives