By Thomas Grove and Orhan Coskun<\/p>\n
ISTANBUL\/ANKARA, Sept 26 (Reuters) – Turkey has a difficult decision ahead as it ponders if it can afford to reject the single bid it received in a long-delayed $7.5 billion nuclear tender at a time when global liquidity is drying up.<\/p>\n
A consortium led by Russian-based Atomstroyexport was the single bidder on Wednesday in the tender to construct and operate the first of three planned nuclear power plants.<\/p>\n
The plants are a cornerstone of the Turkish government’s policy to cut dependence on imports and address power consumption demand, seen rising at eight percent a year.<\/p>\n
But doubts the tender will go ahead have mounted as analysts say the government will want a broader range of options beyond a single offer, and Atomstroyexport’s plan is considered expensive for the technology on offer.<\/p>\n
Analysts also have pointed out that the Russian-based company’s construction of the plant undermines Ankara’s energy policy of limiting its dependence on Russia, which already provides more than 60 percent of Turkey’s gas imports.<\/p>\n
“The fact the tender came at the moment of the latest global financial crisis really weighed on the process. If a competitive second bid had come in it would have been much better,” said a senior Turkish Energy Ministry source, who declined to be named.<\/p>\n
Business Feed Article | Business | guardian.co.uk<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":" By Thomas Grove and Orhan Coskun ISTANBUL\/ANKARA, Sept 26 (Reuters) – Turkey has a difficult decision ahead as it ponders if it can afford to reject the single bid it received in a long-delayed $7.5 billion nuclear tender at a time when global liquidity is drying up. A consortium led by Russian-based Atomstroyexport was the […]<\/p>\n","protected":false},"author":83,"featured_media":38128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,89],"tags":[],"class_list":["post-4815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-russia","category-turkey"],"_links":{"self":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/4815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/users\/83"}],"replies":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/comments?post=4815"}],"version-history":[{"count":0,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/4815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media\/38128"}],"wp:attachment":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media?parent=4815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/categories?post=4815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/tags?post=4815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}