VOL. XLIII

No. 16

17-April-2000

TURKEY

Turkish Treasury Says Nuclear Plant Inflationary, Tender Announcement Delayed Again

Following the announcement on 7 April by the Turkish Electricity Authority TEAS that it would postpone naming the winner of the tender for the Akkuyu nuclear power plant on the Mediterranean for the seventh time, the Turkish treasury department said on 12 April that it would refuse to provide financial guarantees for the project on the grounds that funding the proposed plant,...