Turkey and South Korea are discussing the joint construction of
a nuclear power plant (NPP), with the talks representing the latest
move by Ankara to diversify its energy sources, Bloomberg
reported on March 13.

Seoul and Korea Electric Power Corporation have been asked “to
present a binding proposal” in order to advance negotiations,
Turkish Energy Minister Alparslan Bayraktar said in an interview on
March 11, adding: “Our goal is to reach a decision this year.”

As things stand, Turkey awaits the launch of its first NPP,
Akkuyu, built by Russia’s Rosatom. The project is years behind
schedule.

Bayraktar also said that Turkey and Electricite de France SA
could produce a memorandum of understanding “over small modular
reactors [SMRs]” following early-stage talks held last week.

In addition to the NPP — which would be situated on the Black
Sea coast — state-run energy companies Turkish Petroleum Corp. and
BOTAS are exploring investments in Canadian oil and gas fields,
Bayraktar was further reported as saying. The push into Canada
would follow similar activities in the US that kicked off in
December.

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