Canadian nuclear technology firm Candu and Turkish state power generator EUAS have signed an Memorandum of Understanding on building a $20 billion (US) nuclear power plant on the Black Sea. Present at the signing were the Chinese company CNI 23 which is expected to build the plant in partnership with Candu and representatives of Canadian nuclear regulator CCC, a Turkish representative for Candu confirmed for Breaking Energy.

The first step of the process is to conduct a feasibility study, and there is not yet an estimate for the size of the planned facility, the Turkish representative said. Keep reading →