ANKARA, Turkey, March 11 (UPI) -- Korea Electric Power Corp. signed a cooperation agreement with Turkey's Elektrik Uretim to build a nuclear energy reactor on the Black Sea coast.
Korea Electric Power Corp. will bid along with a Turkish construction group in a partnership to build the four-reactor, 5,600-megawatt facility in northern Turkey.
Turkish Energy Minister Taner Yildiz told the Financial Times his country wanted to use nuclear power to meet 10 percent of its energy demand by 2020. This would reduce Turkish dependency on foreign oil and gas, he added.
Turkey has tried to make moves in the nuclear power sector since the 1960s.
A KEPCO deal, the Financial Times said, won out over Japanese, French and U.S. rivals to build $20.4 billion worth of nuclear facilities in the United Arab Emirates in December.
The Turkish deal is part of an effort by Seoul to seek greater revenue from nuclear reactor sales.