Turkey, Japan Ink $22B Nuclear Reactor Deal

Law360, New York (May 3, 2013, 5:29 PM EDT) -- Japan has inked a $22 billion deal with Turkey to build Turkey’s second nuclear plant over the course of the next decade in an agreement that marks Japan’s return to nuclear deals after the 2011 earthquake that set off the Fukushima plant disaster, according to Friday news reports.

The consortium of energy technology companies that won the deal to build the 4,800 megawatt plant includes Japanese giants Mitsubishi Heavy Industries Ltd. and Itochu Corp. as well as France-based utility GDF Suez SA and French nuclear energy business Areva SA, according to Turkish public news service Anatolia News Agency.

The plant will...

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