The Akkuyu Nuclear Power Plant has taken the lion's share of the foreign direct investment that came into the country in January 2015 with $735 million. The foreign direct investment that entered the country for the Akkuyu Nuclear Power Plant was distributed among the categories of production and distribution of electricity, gas, steam and air-conditioning. According to data compiled by Anadolu Agency from the Prime Ministry Investment Support and Promotion Agency, Turkey attracted a total of $1.79 billion of foreign direct investment in January 2015.
The foreign direct investment increased by 43.6 percent when compared to $1.24 billion in January 2014. In terms of foreign investment, Akkuyu Nuclear Power Plant was followed by transportation-storage, manufacturing, mining-quarrying and financial-insurance with $334 million, $176 million, $163 million and $111 million respectively. Depending on the capital inflow of the Akkuyu Nuclear Power Plant, the greatest investment came from Russia, followed by Malaysia. Turkey attracted $10 billion of foreign direct investment throughout 2014. The foreign direct investments that came from other countries in January are as follows: $735 million from Russia, $317 million from Malaysia, $221 million from the Netherlands, $115 million from Luxembourg, $73 million from Azerbaijan, $26 million from Switzerland, $20 million from Germany, $14 million from Italy, $11 million from Austria and $11 million from Syria.
During an interview with Anadolu Agency a few days ago, Akkuyu Nuclear Inc. CEO Fuad Akhundov said that after all necessary authorizations have been received, the power plant's units need to be completed in seven years in accordance with the relevant legislation. Concerning the allegations that there might be delays in the plant's construction schedule, Akhundov said that there is no delay, for now, and that all authorizations are being granted. Also, Energy and Natural Resources Minister Taner Yıldız stressed that the project will follow its schedule, while adding that delays may occur because of technical issues. Security is of the utmost importance during the construction of the plant, even more so than all industrial and technological improvements the project will bring. "We will consider earthquake risks along with other risks and establish the most reliable plants of Turkey in Akkuyu and Sinop," Yıldız stressed.
Referring to the environmental impact assessment report (ÇED), which was taken in January, Akhundov said that work to obtain a license from the country's Atomic Energy Authority continues, and the foundations of the power plant's port will be laid in April. The nuclear power plant to be constructed in Akkuyu will consist of four units, each of which will be able to generate 1,200 MWs of power. The power plant is expected to produce approximately 35 billion kilowatt-hours of electricity per year after its construction is completed, and its service life is expected to be 60 years.