A significant consotium of Turkish companies know as the Cengiz-Kolin-Kalyon group announced Wednesday that they would back out of a preliminary agreement with Russian engineering and construction giant Rosatom, citing an inability to reach contract agreements.
The group signed a preliminary agreement to work with Rosatom in June 2017 that included the transfer of 49 percent of shares in the Akkuyu nuclear power plant project, according to the North Cyprus News..
A Russian-designed power plant with two reactors, each with a capacity of 2,400 megawatts is slated for Akkuyu, which lies on the coast of the Mediterranean Sea in the southern province of Mersin. Construction is expected to begin this year.
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OK - so what now ?