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Areva declares interest in Turkey nuclear plant project

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  • Areva declares interest in Turkey nuclear plant project

    Forbes, NY
    Feb 18 2008


    Areva declares interest in Turkey nuclear plant project
    02.18.08, 1:25 PM ET

    ISTANBUL (Thomson Financial) - French nuclear giant Areva said it is
    interested in a planned tender for the construction of Turkey's first
    nuclear power plant.

    'We are going to meet the (Turkish) energy minister (Hilmi Guler) and
    we will clearly indicate to him that the Areva (other-otc: ARVCF.PK -
    news - people ) company is interested,' Gabriel Saltarelli, head of
    the company's commercial affairs in Central and Eastern Europe, told
    reporters.

    'We are going to give it all we have got and hang on to demonstrate
    that it is possible to work in Turkey despite difficult political
    conditions,' said Saltarelli.

    He and other leading French business figures were in Turkey
    accompanying France's junior Trade Minister Herve Norelli on a
    three-day visit.

    French-Turkish ties took a serious blow in 2001 when the French
    parliament recognized as genocide the World War 1 mass killings of
    Armenians in Turkey's predecessor, the Ottoman Empire.

    France's hostility towards extending Turkey full membership of the
    European Union has further soured bilateral ties.

    Novelli said that Turkey's nuclear ambition was one of the topics he
    will discuss with energy minister Guler when the two meet in Ankara
    on Tuesday.

    'What interests me now is that the ambitious Turkish nuclear
    programme will provide an opportunity for French companies, and I
    think here of Areva, to attract the attention of Turkish friends,' he
    said.

    The Turkish government is expected to announce on February 21 the
    tender for the country's first nuclear power plant that will be
    constructed at a controversial location near the Mediterranean coast,
    opposed by environmentalists for its proximity to a faultline.

    But Saltarelli and Novelli both said that they were informed the
    tender had been postponed to a later date for unknown reasons.

    The Turkish energy ministry was not immediately available for
    comment.

    Turkey plans to build three nuclear plants with a total capacity of
    about 5,000 megawatts in hopes of preventing a possible energy
    shortage and reducing dependence on foreign supplies.
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