Oil Report

Turkish parliament approves nuclear power law

ANKARA, Nov 9 (Reuters) - Turkey’s parliament has approved a law allowing construction of nuclear power plants intended to help avert an energy shortfall, passing a long-delayed bill that had been vetoed by the last president.

Oil importer Turkey aims to build three nuclear plants with a total capacity of 5,000 megawatts. It initially planned for the first plant to come on line by 2012, although the legislative delays are seen putting that back.

According to the law passed late on Thursday, the qualifications for companies bidding to build and run the power plants will be published within a month.

The Energy Ministry will determine the final details of the tender and the specifics of the plants.

The law enables the government to grant purchase guarantees to firms for the total energy produced in nuclear power plants.

The companies will be responsible for dismantling the power plants when they are no longer operational.

The law now goes to President Abdullah Gul, a former member of the ruling AK Party, for approval.

Former President Ahmet Necdet Sezer had vetoed the nuclear law, along with several other pieces of AK Party legislation.

Reporting by Orhan Coskun, editing by Anthony Barker