Turkey has received an offer from Chinese energy firm CGN for a 20 billion dollar nuclear power station, which will be the nation’s largest block investment.
While the global economy continues to wrestle with the economic crisis, investment demand in Turkey continues to be on the rise. China, which has signed a strategic agreement with Turkey, has now made a 20 billion dollar offer for a nuclear power station, which would be the nation's largest block investment to date.The offer comes from China's Guangdong Nuclear Holding (CGNPC), which is currently building 17 nuclear power stations with a 40,000 megawatt capacity all over the world. The firm, which has its own patent, currently operates a 4,000 megawatt power station. With a 100 billion yen capital, CGNPC is considered to be one of China's most powerful energy companies.
While the Ministry of Energy has confirmed the offer, they also relayed the information that the negotiation process has yet to begin.
A nuclear agreement will also have to be signed between the People's Republic of China and Turkey. However, according to experts the fact that Turkey has not offered a treasury guaranty for an investment of the 20 billion dollar scale, displays China's trust in Turkey's economy.
According to experts, the Chinese firm is a significant financial power, and within the month the negotiation process will begin and a political committee from China will be arriving in Turkey.
Tags: China, China’s Guangdong Nuclear Holding, CGNPC, nuclear power station
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