Currently there is no description available for Sinan Ulgen.
“The Akkuyu project is the first in the global nuclear industry based on a build-own-operate model. It means Russia is responsible for all capital expenses during the construction phase. With sanctions, this model is at risk because it is more difficult for Russia to allocate funding. There is now more pressure on its international reserves - half of them have been frozen - so whether Russia can continue to spend these amounts for a reactor in Turkey is unclear. Russia is likely to pressure Turkey to find local companies to take up to a 49 percent stake in Akkuyu.”
16 May 2022
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