China, Japan compete for Turkey's second nuclear plant

South Korea dropped out of the race to build 5,000 megawatt nuclear plant.

China and a Japanese-French joint venture are still competing to build Turkey’s second nuclear plant, while South Korea is out of the competition due to its problems with a treasury guarantee.

Japan, South Korea, China and Canada were the short-listed contenders for the 5,000 megawatt nuclear power plant, which is to be built in the Black Sea province of Sinop.

The second nuclear power plant is expected to require an investment worth between US$22 billion and US$25 billion.Russia’s Rosatom will build Turkey’s first nuclear power station, starting construction in mid-2015.