Turkey, South Korea reportedly sign MOU on nuclear cooperation.

By bne IntelliNews June 15, 2010
Reuters reports that a statement from South Korea's ministry of knowledge economy announced on Jun 14 that the energy ministers of Turkey and South Korea signed a memorandum of understanding (MOU) for the construction of a nuclear power plant in the city of Sinop on the Black Sea coast. The Turkish authorities have been discussing the power plant project with South Korea's KEPCO for sometime. The statement by the Korean ministry also noted that a commercial contract for the Sinop project would be inked around November, according to Reuters. The governments of Turkey and Russia have already agreed to work together on the establishment of the country's first power plant in the town of Akkuyu on the Mediterranean coast. We should note that President Abdullah Gul is currently in South Korea for an official visit which focuses on improving economic and trade ties between the two countries.

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