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Russia hopes Turkey will give guarantees to long-term electricity purchases

Vladimir Putin met with Turkish PM in St. Petersburg on Friday

STRELNA, November 22 /ITAR-TASS/. Russia is hoping that Turkey will give tax privileges and guarantees to long-term electricity purchases under the Akkuyu project, President Vladimir Putin said at a session of the Russian-Turkish High Level Cooperation Council on Friday.

Rosatom State Corporation is building the first nuclear power plant in Turkey, Putin said, adding the Akkuyu project cost about 20 billion U.S. dollars.

“Approximately 25 percent will be acquired by Turkish companies. These are additional jobs and investments in Turkey’s power engineering,” the Russian president said.

Russia considers the Akkuyu project one of the priority ones, Putin added.

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