03 May '13, 5pm

Japan and Turkey sign US$22b nuclear deal

Japan and Turkey sign US$22b nuclear deal

ANKARA - Japan and Turkey on Friday signed a long-awaited deal to build a major nuclear power plant on Turkey's Black Sea coast, a milestone for the Japanese nuclear industry as it recovers from the 2011 Fukushima disaster. Turkish Prime Minister Recep Tayyip Erdogan hailed the $22 billion contract as a "very important step" that would transform bilateral relations with Japan into a "strategic partnership." A Japanese-French consortium won the giant contract to build Turkey's second nuclear plant, Japan's first successful bid on an overseas nuclear project since a tsunami wrecked the power station in Fukushima. Turkey weathered criticism for teaming up with Japan in light of the catastrophe, but "despite that, we have taken this step," Erdogan said. "What happened at Fukushima upset all of us. But these things can happen. Life goes on. Successful steps are being taken now ...

Full article: http://www.channelnewsasia.com/news/business/internationa...

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