Türkiye in Talks with US to Cooperate on Nuclear Energy Projects

Russia's Rosatom continues construction of the first nuclear power plant in Akkuyu, southern Türkiye (Asharq Al-Awsat)
Russia's Rosatom continues construction of the first nuclear power plant in Akkuyu, southern Türkiye (Asharq Al-Awsat)
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Türkiye in Talks with US to Cooperate on Nuclear Energy Projects

Russia's Rosatom continues construction of the first nuclear power plant in Akkuyu, southern Türkiye (Asharq Al-Awsat)
Russia's Rosatom continues construction of the first nuclear power plant in Akkuyu, southern Türkiye (Asharq Al-Awsat)

Türkiye is holding talks with the United States on the construction of large-scale nuclear power plants and small modular reactors (SMR), a senior Turkish Energy Ministry official said on Tuesday.

“The USA is showing serious interest in Türkiye’s goal of increasing its nuclear energy capacity and building new power plants,” Yusuf Ceylan told Reuters at a conference on nuclear power plants.

Asked about the projects under discussion, he said: “We can consider the areas of existing power plants or new power plants.”

“We are negotiating with the USA for both large-scale power plants and small modular reactors. This is a statement of intent,” he said.

Last month, US Ambassador to Türkiye Jeff Flake told Reuters that Ankara “talked to us and others about (building) small modular reactors.”

Ceylan said negotiations continued with South Korea and Russia for a second nuclear power plant planned to be built in the Black Sea region of Sinop, and with China's SPIC for a third nuclear power plant in northwest Türkiye’s Thrace region.

The construction of Türkiye's first 4,800 MW nuclear power plant by Russia's Rosatom is continuing at Akkuyu in Türkiye’s Mediterranean region.

Ankara plans to build three four-reactor nuclear plants and complement them with SMRs for a total of 20,000 MW generation capacity to diversify its electricity production mix.

The United States earlier held talks with Türkiye on the construction of SMRs, which are still under development. However, no reports showed that the two sides were negotiating large-scale power plants that require billions of dollars of investment.

In May, Turkish Energy and Natural Resources Minister Alparslan Bayraktar said that Türkiye and the US are ready to collaborate in the energy and mining sectors.

Speaking on the sidelines of the 39th American-Turkish Conference in Washington, the Minister said: “We are ready to enhance our bilateral cooperation with the US in the field of energy, minerals and liquified gas.”

US Assistant Secretary for the Bureau of Energy Resources Geoffrey R. Pyatt earlier emphasized the importance of the ongoing talks on energy between Ankara and Washington.

He said both countries have opportunities for cooperation in small modular reactors in nuclear energy and energy transition. Their cooperation comes at a time when the energy issue has become one of the most important global priorities since the Russian-Ukrainian war.

Pyatt had visited Türkiye, Romania and Bulgaria in October 2022 to meet government officials and energy sector leaders for bilateral discussions. In Ankara, he held talks with Deputy Energy and Natural Resources Minister, Alparslan Bayraktar, and other Turkish officials.



UK Treasury Chief: Stimulating Economic Growth is New Labour Government's Mission

Britain's Chancellor Rachel Reeves delivers a speech at the Treasury to an audience of leading business figures and senior stakeholders, announcing the first steps the new government will be taking to deliver economic growth, in London, Monday July 8, 2024. (Jonathan Brady/Pool Photo via AP)
Britain's Chancellor Rachel Reeves delivers a speech at the Treasury to an audience of leading business figures and senior stakeholders, announcing the first steps the new government will be taking to deliver economic growth, in London, Monday July 8, 2024. (Jonathan Brady/Pool Photo via AP)
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UK Treasury Chief: Stimulating Economic Growth is New Labour Government's Mission

Britain's Chancellor Rachel Reeves delivers a speech at the Treasury to an audience of leading business figures and senior stakeholders, announcing the first steps the new government will be taking to deliver economic growth, in London, Monday July 8, 2024. (Jonathan Brady/Pool Photo via AP)
Britain's Chancellor Rachel Reeves delivers a speech at the Treasury to an audience of leading business figures and senior stakeholders, announcing the first steps the new government will be taking to deliver economic growth, in London, Monday July 8, 2024. (Jonathan Brady/Pool Photo via AP)

Britain's new Labour government will make stimulating economic growth its mission, the Treasury chief said Monday, pledging to limit bureaucracy to make it easier to invest in the country.
In her first major speech, Rachel Reeves said there was no time to waste to reverse what she called “14 years of chaos and economic instability” under Conservative governments.
“Where governments have been unwilling to take the difficult decisions to deliver growth — or have waited too long to act — I will deliver," she told business leaders and reporters.
Britain’s first female Treasury chief and a former Bank of England economist, Reeves said sustained economic growth was the only way to improve living standards for all and to rebuild the country's stretched and underfunded public services.
She said she's taking immediate action to relax planning rules to remove obstacles to building infrastructure, housing and energy projects.
“To investors and businesses who spent 14 years doubting whether Britain is a safe place to invest, then let me tell you, after 14 years, Britain has a stable government,” she said. “In an uncertain world, Britain is a place to do business.”
Reeves said she will assess the “spending inheritance” left by the Conservatives over the coming months before making the government’s first budget statement later this year.
She pledged to set a mandatory target of 1.5 million new homes in England over the next five years, as well as remove an effective ban on onshore wind energy developments that has been in place since 2015.
British Prime Minister Keir Starmer, who became leader on Friday after a landslide majority in last week's election, has promised to “rebuild the infrastructure of opportunity” for voters frustrated with a stagnant economy, rising poverty and dysfunctional public healthcare.
Soaring rental and mortgage rates and a chronic shortage of housing were among the top issues voters raised during the election campaign. Home-building in Britain has slowed down in the past decades, and in the year to March construction began on about 135,000 homes — down by more than one-fifth compared to the year before.