Japanese Itochu pulls out of Turkish NPP Sinop project – Turkey, 24 April 2018

Japanese trading company Itochu announced that it will pull out of the project for the construction of Turkish second nuclear power plant Sinop due to an increase in safety related costs, uncertainties over the plant’s future and the infrastructure export ambitions of the Japanese Government.
The project was agreed between the Governments of Japan and Turkey in 2013. A consortium consisting of Itochu and Mitsubishi Heavy Industries had been conducting a feasibility study until March for the construction of a 4,500 MW NPP in the city of Sinop in Turkey’s Black Sea region. But costs related to safety measures increased after the Fukushima nuclear disaster in 2011, and the estimated costs for the project increased significantly.

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