Turkey may end priority talks with Japan on nuke plant-media

Reuters

Turkey may end priority talks with Japan on building its second nuclear power plant by the end of this month, a move that could lead to competition for the project with other nations including France and South Korea, Japan's Yomiuri newspaper said on Tuesday.


The Turkish government has told its Japanese counterpart that it would do so unless Japan clarifies its intention to continue talks by the end of this month, the report said, citing unnamed sources.

Turkish Energy Minister Taner Yildiz said earlier this month he expected Japan to make a proposal by the end of July to clarify the road map for a planned nuclear power plant to be built in Turkey.

Yildiz had said in March he hopes to complete talks with Japan on the plant before year-end. Ankara has been in talks with Tokyo Electric Power Co , the operator of Japan's crippled Fukushima plant, and Toshiba on building a plant on the Black Sea coast.

Source:
http://mobile.reuters.com/article/idUSL3E7IP3UP20110725?irpc=932

Japan bank to support Toshiba in Turkish nuclear plant bid

Bloomberg

The Japan Bank for International Cooperation, or JBIC, could offer loans to Toshiba, which has exclusive rights to negotiate the building of a nuclear power station in Turkey, according to an official at the state-owned bank.

Toshiba, the biggest Japanese maker of power generation machinery, along with the country’s Trade Ministry, won the right last year to negotiate exclusively with Turkey until March 31 to build a power plant on the Black Sea coast, which may cost as much as $20 billion.

The talks commenced after Turkey failed to conclude negotiations with a group led by Korea Electric because of differences over ownership structure and power pricing.

Japan is pushing companies such as Toshiba and Hitachi to compete with rivals including Korea Electric Power Corp. and Areva for overseas nuclear projects to aid the nation’s economic recovery.
“JBIC’s assistance is part of a long-term government plan to boost the success rate for Japanese firms,” said Daniel Aldrich, a political science professor at Purdue University in Indiana. “France and South Korea certainly want to continue their penetration of foreign markets in nuclear technology.”

Toshiba upbeat on Turkey nuclear deal

Financial Times     

Toshiba, the Japanese electronics and engineering group, says it is confident that it will seal a deal to build a nuclear power plant on Turkey’s Black Sea coast, after talks between the Turkish government and South Korean reactor builders broke down last year.

Norio Sasaki, Toshiba president, told the FT a deal now hinged mainly on the provision of long-term risk insurance by the Japanese government. Tokyo has been working to strengthen financial support for its private sector nuclear groups to help them compete with state-backed manufacturers in Korea and Russia.

Source:
http://www.ft.com/cms/s/f4161b80-3222-11e0-a820-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Ff4161b80-3222-11e0-a820-00144feabdc0.html%3Fftcamp%3Drss&_i_referer=http%3A%2F%2Fwww.hurriyet.com.tr%2Fekonet%2F16956919.asp%3Fgid%3D303&ftcamp=rss#axzz1DBBFSfme