Nuclear Business Development Platform in Turkey

Turkey’s only official nuclear energy conference is adding a matchmaking forum to its schedule in order to allow Turkish corporations to find partners from nuclear energy industry.

The Republic of Turkey Ministry of Energy and Natural Resources plan to build three nuclear power plants by 2023. The tenders for the first two projects - Akkuyu NPP and Sinop NPP – have already been awarded. The construction of Turkey’s first NPP will start in late 2015 and will be led by Rosatom. The second NPP in Sinop will be constructed by ATMEA a joint consortium led by Areva and Japanese Mitsubishi Heavy Industries.

Total worth of both projects are estimated between 45 – 50 billion USD and Turkish Ministry of Energy and Natural Resources regularly announce that up to 16 billion USD worth of contracts are planned to be awarded to Turkish companies.

However, as Turkey doesn’t have a nuclear energy history, Turkish companies lack nuclear references which are a pre-requisite of most large scale nuclear contracts. Yet, this situation doesn’t stop industry conglomerates in Turkey from chasing a larger portion from these projects.

Renaissance Construction - one of the biggest Turkish construction groups and world’s 53^rd largest construction contractor - recently acquired 75% shares of Heitkamp IKB – a German engineering group experienced in nuclear constructions. Renaissance Construction announced that with this acquisition they aim to participate not only in Turkish NPP projects but also other nuclear projects in Europe including the second nuclear power plantproject in Finland.

Experts claim that Turkey based companies will continue similar acquisitions in nuclear energy and other large groups in Turkey are currently on the look out for similar deals with European companies.

INPPS Nuclear Matchmaking Forum

As a sign of this rising trend, Nuclear Engineers Association of Turkey is transforming its flagship event – İstanbul Nuclear Power Plants Summit (INPPS) – into a technology exchange and business development platform which will allow Turkish companies to identify and network with international nuclear manufacturers willing to exchange their technology or are interested in joint ventures.

After a successful conference in May 2014 which is held under the patronization of Turkish Ministry of Energy and Natural Resources and supported by literally all the public administrations related to energy generation in Turkey, the INPPS organization committee added a nuclear matchmaking forum to the 2015 edition of the event

INPPS Nuclear Matchmaking Forum is designed to allow face to face meetings between international nuclear manufacturers, Turkish corporations interested to step into the nuclear energy industry, main contractors of the NPP projects in Turkey and nuclear energy contractors from all tiers around the world.

Participants of the matchmaking forum will be able to select who they would like to meet weeks before the event and will receive an appointment schedule when they arrive to the conference in Istanbul. Company profiles of the forum participants’ will remain active for a year in the INPPS online catalogue which will function as the first nuclear reference book for the Turkish nuclear energy industry.

The forum is officially supported by Turkish Ministry of Energy and Natural Resources and has a crowded list of public and private sector backers. A full list of supporters and detailed information on nuclear matchmaking forum can be reviewed in the event’s website at: www.nuclearpowerplantssummit.com  

A detailed brochure on the forum can be obtained by sending a mail to the event's Business Development Director  Kaan Şekerciler at: kaan@nuclearpowerplantssummit.com