November 28, 2007 / 11:13 AM / 11 years ago

CORRECTED - (OFFICIAL)-UPDATE 1-Turkey to advertise nuclear tender Feb

(Corrects to say tender to be advertised on Feb. 21 not in April after Guler corrected his comments)

(Adds details, background, quote)

ANKARA, Nov 28 (Reuters) - Turkey plans to advertise a tender for the construction of a nuclear power plant on Feb. 21 next year, Turkey’s Energy Minister Hilmi Guler said on Wednesday.

Purchase guarantees will be present in the tender conditions, he added.

“Purchase guarantees of electricity will be the most important element in the tender for the nuclear power plant,” said Guler at a conference.

Previously the government had said it would not buy excess electricity from producers, scaring off energy sector investors, who feared an excess of electricity.

Turkish President Abdullah Gul approved a law earlier this month allowing construction and operation of the country’s first nuclear power plants.

The law, vetoed by Gul’s predecessor Ahmet Necdet Sezer, is intended to help avert a serious energy shortfall in the fast-growing emerging economy.

According to the new law, approved by parliament on Nov. 9, qualifications for companies wishing to participate in the tender will be published within a month.

Oil importer Turkey aims to build three nuclear plants with a total capacity of 5,000 megawatts. It had initially intended the first plant to come on line by 2012 but legislative delays are seen pushing that target back. (Reporting by Selcuk Gokoluk, Writing by Thomas Grove, editing by Anthony Barker)

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