Energy & Industry· 3 Nov 2026
Türkiye signs nuclear financing MoU with South Korea as Akkuyu nears power
Türkiye Nuclear Energy Inc. and Korea Electric Power Corporation (KEPCO) signed a memorandum of understanding on nuclear power plant financing, announced during a joint press conference by President Recep Tayyip Erdoğan and South Korean President Lee Jae Myung. The source states that electricity from Akkuyu will be used in Türkiye starting in 2027. Akkuyu has an installed capacity of 4,800 megawatts and is set to generate 35 billion kilowatt-hours annually, meeting about 10% of Türkiye’s electricity needs.
What it means for companies
- The memorandum of understanding covers nuclear power plant financing between Türkiye Nuclear Energy Inc. and KEPCO; Erdoğan described it as an important foundation for cooperation.
- Akkuyu is described with an installed capacity of 4,800 megawatts and expected annual generation of 35 billion kilowatt-hours, meeting about 10% of Türkiye’s electricity needs.
- Energy and Natural Resources Minister Alparslan Bayraktar said electricity from Akkuyu will be used in Türkiye starting in 2027.
Source: Daily Sabah (3 Nov 2026). This summary is for information only and is not tax, legal or investment advice.
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