Who is TSM Enerji?

Russian state-owned energy company Rosatom has selected TSM Enerji to build the remaining portion of the $20bn nuclear power plant in Akkuyu, Turkey. Rosatom subsidiary Akkuyu Nukleer signed an engineering, procurement and construction (EPC) contract with TSM after terminating its previous agreement with Turkish firm IC Ictas.

Will TSM Enerji build a nuclear power plant in Turkey?

TSM will be responsible for carrying out the construction works within the stipulated time frame. Russian state-owned energy company Rosatom has selected TSM Enerji to build the remaining portion of the $20bn nuclear power plant in Akkuyu, Turkey.

Is TSM Enerji a limited liability company?

IC Ictas in a statement Monday said TSM Enerji, the new contractor, is a limited liability company that may not be able to complete the project. IC Ictas in its statement said appointing a new contractor creates a risk of “moving out of” nuclear inspection standards.

Who owns TSM?

TSM is owned by three Russia-based companies, according to the Turkish trade registry. "All works under current subcontracts will be transferred to TSM Similar new contracts will be signed between TSM and subcontractors," Akkuyu Nukleer said in a statement, without saying why the IC Ictas agreement had been terminated.

Who is responsible for the construction of Turkish nuclear power plant?

Under the contract, TSM will be responsible for carrying out the construction works within the stipulated time frame, as well as paying workers their wages on time. According to Reuters’ report, the Turkish Government aims to commission the first reactor at the 4.8GW nuclear power plant before Turkey’s general election next year.