Planned Turkish power plant likely to cost up to $25 billion

Turkey will open up the bidding process to build the country's third nuclear power plant next year, and an official said he believes Chinese companies will aggressively pursue the contract, worth $22 billion to $25 billion.

The site of the project has been finalized and the plan is to build four nuclear reactors with a total installed capacity of 5,000 megawatts, said Murat Mercan, a former deputy energy minister of Turkey. He spoke to China Daily during a weekend event held by the World Energy Council in Beijing.