Russia is providing $9 billion in financing for Turkey’s first nuclear power plant

Russia is providing $9 billion in financing for Turkey’s first nuclear power plant, Akkuyu Nuclear Power Plant, which is being built by Rosatom.

The facility, located on Turkey’s Mediterranean coast, is expected to begin operations in 2026, representing a major milestone in Turkey’s long-term energy strategy.

Key points:

•Fully financed and constructed by Russia under a build-own-operate model

•Four VVER-1200 reactors planned

•Designed to cover up to ~10% of Turkey’s electricity demand once fully operational

•Strengthens long-term energy ties between Turkey and Russia

Akkuyu marks Turkey’s entry into nuclear energy and significantly expands its baseload power capacity, while also deepening Ankara–Moscow economic interdependence in the energy sector.