Turkey has revived its nuclear energy program after four decades of canceled projects. A deal has been brokered with Russia to build Turkey’s first nuclear powerplant on the Mediterranean coast, and talks have started with Japan and France regarding a second nuclear facility on the Black Sea. In December, Russia’s state nuclear corporation Rosatom signed an agreement to construct four 1,200 MW VVER reactors totalling 4,800 MW in Akkuyu in the province of Mersin on Turkey’s southern coast. The water-cooled, water-moderated energy reactors will be designed to withstand earthquakes of up to 6.5 on the Richter scale. The licensing process
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.