Mitsubishi, Areva sign $22b Turkish nuclear plant deal

Japan’s Mitsubishi Heavy Industries and Areva SA of France signed a $22 billion agreement today to build a nuclear power plant in Turkey, the first major order for Japan since the Fukushima disaster in 2011.

Japanese Prime Minister Shinzo Abe and his Turkish counterpart Recep Tayyip Erdogan met in Ankara to oversee the signing of the accord for the building of Turkey’s second nuclear plant in Sinop province on the Black Sea coast.

“We have reached agreement on a $22 billion investment,” Erdogan said at the televised signing ceremony today. “It will be built in 10 years, but we want to bring that forward.”

Abe said in a news conference before the ceremony that Japan had a responsibility to meet “high expectations” for safety after the meltdown of reactors at Fukushima, Japan in 2011 following an earthquake and tsunami.

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