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Reuters
Reuters
Politics

Turkey seeks to resolve dispute over Russian-built nuclear plant

Russia Turkey Rosatom Nuclear Power TSM

The Turkish Energy Ministry said it is seeking to resolve a dispute between the parties involved in the construction of a $20 billion nuclear power plant by Russia's Rosatom at Akkuyu in southern Turkey.

Akkuyu Nukleer, a Rosatom unit, said on Saturday it signed an agreement with TSM Enerji to undertake the remaining construction work at the plant after terminating a deal with Turkish firm IC Ictas.

IC Ictas said on Monday it had launched a legal challenge to the termination of the deal by Akkuyu Nukleer. TSM is owned by three Russia-based companies, according to the Turkish trade registry.

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