Russia halts Turkey nuclear work, Ankara looks elsewhere


SUBMITTED BY: mbza11

DATE: Dec. 9, 2015, 6:56 p.m.

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  1. Russia's Rosatom has stopped construction work at Turkey's first nuclear power plant, Turkish energy officials said on Wednesday, as relations between Moscow and Ankara continue to worsen after the downing of a Russian jet. State-owned Rosatom has not terminated the contract for the building of the $20 billion project and is reluctant to do so because of the heavy compensation clauses, energy officials said. The possible cancellation of the project is unlikely to have any impact on Turkey's immediate energy supplies, as the planned nuclear power plant was not seen coming online before 2022 and had already run into delays due to regulatory hurdles and Moscow's financial woes.

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