During his four-day visit to China, Energy Minister Berat Albayrak visited the AP1000 Shandong Haiyang Nuclear Plant, run by the State Power Investment Corporation (SPIC) and built by U.S.-based nuclear company Westinghouse, to enhance ties with his Chinese counterparts as well as to increase cooperation in order to design and construct a new nuclear plant in Turkey. He also inspected the State Nuclear Power Technology Corporation's (SNPTC) CAP-100 third-generation nuclear plant. The representatives of Chinese nuclear giant SNPTC and Westinghouse said they are willing to transfer the necessary technology so that Turkish firms can start local production, adding that they have strong support from both U.S. and Chinese administrations.Furthermore, technical staff, engineers and project directors would be trained in China. Raising capital through debt financing or providing credits for Turkey are also possible ways to fund the project.
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