Turkey has not made any decision on selecting a partner to build a new nuclear power plant on its Black Sea coast, Yonhap News Agency said, citing a Seoul government source said Friday.
South Korea is competing with Japan for a multibillion-dollar power-generating nuclear reactor project being pushed by Turkey. Turkey is now in talks with Japan for the project after its earlier negotiations with South Korea apparently failed to make a breakthrough, it said.
One source at South Korea's Ministry of Knowledge Economy said that despite a Japanese media report claiming negotiations between Seoul and Ankara have collapsed, nothing concrete is expected to be reached until the end of December.
Japan's Nihon Keizai Shimbun daily reported earlier in the day that Japan and Turkey may reach a decision on the building of the Sinop nuclear power plant in March and claimed that the two sides have effectively reached a broad agreement. It claimed that the two sides are currently working out details of the prospective deal, the report said.
In an interview with Yonhap News Agency earlier this week, Knowledge Economy Minister Choi Kyung-hwan said that Turkey may try to conclude talks with Tokyo by the end of the year, after negotiations with Seoul were put on hold due to disagreement over how to recoup initial investment costs.
South Korea and Turkey began formal talks in March and were expected to reach an intergovernmental agreement during last month's G20 summit in Seoul, but a deal was not reached due to outstanding differences such as establishing "fair" electricity prices, according to the report.
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