Akkuyu Nükleer

What Akkuyu Nükleer does

Akkuyu Nükleer A.Ş. is the project company implementing Turkey's first nuclear power plant under a Build-Own-Operate (BOO) model — the first such arrangement in the global nuclear industry. Incorporated in Turkey on December 13, 2010 under a Russia-Turkey intergovernmental agreement dated May 12, 2010, the company is majority-owned by Rusatom Energy International JSC, a subsidiary of the Russian State Atomic Energy Corporation (Rosatom). It designs, constructs, commissions, operates, and will eventually decommission a four-unit plant on the Mediterranean coast at Büyükeceli (Gülnar), Mersin Province, each unit fitted with a VVER-1200 Generation 3+ pressurized water reactor delivering 1,200 MW for a combined 4,800 MW capacity and ~35 billion kWh/year planned output, supplying approximately 10% of Turkey's electricity demand. Core technology includes Rosatom's VVER-1200 with passive safety systems (PHRS, core melt trap, double containment, hydroaccumulators, passive hydrogen recombiners) engineered for 72+ hours of autonomous decay heat removal without operator action or external power, with a 60-year design life extendable by 20 years.

The company sells 100% of generated electricity to the Turkish national grid under long-term supply contracts governed by the intergovernmental agreement, targeting first electricity generation by end of 2026. Revenue mechanics are wholesale electricity sales under state-backed pricing, supplemented by potential consulting and technical services to future Turkish nuclear projects. Supporting capabilities include Turkey's first full-scale nuclear plant simulator (commissioned November 2023), a desalination complex (commissioned 2025), a zero-waste construction site policy (155,000+ tonnes of waste removed in 2023), and a training pipeline through Russian nuclear universities (600+ Turkish engineers targeted by 2030, 322 already employed as of 2024). The company is ISO 9001, ISO 14001, ISO 45001, and ISO 19443 certified, is a member of WANO since June 2019, and is licensed by the Turkish Nuclear Regulatory Authority (NDK) with all four units now holding construction permits and Units 1 and 2 holding commissioning permits. Akkuyu Nükleer has ~1,001-5,000 permanent employees with peak construction workforce above 34,000, ~400 Turkish supplier companies, and ~30% female workforce. The project represents an estimated ~$50B (~6% of Turkey's GDP) lifecycle contribution to the Turkish economy and will prevent ~18 million tonnes of CO2-equivalent emissions annually once fully operational.

Name

Akkuyu Nükleer

Legal name

AKKUYU NÜKLEER ANONİM ŞİRKETİ

Website

https://akkuyu.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Akkuyu Nükleer A.Ş. constructs and operates Turkey's first nuclear power plant under a Build-Own-Operate model, delivering 4,800 MW across four VVER-1200 reactors for wholesale sale to the Turkish national grid, with first electricity targeted for end of 2026.

Ownership category

akta.pro rank

Product category

Nuclear Power Generation

NAICS

Nuclear Electric Power Generation (221113), Electric Power Generation, Transmission and Distribution (2211)

SIC

Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Nuclear Plant EPC & Construction (EUAEAAAC)

akta.pro secondary industries

Component & System Upgrades / Modernization (I&C Digital, Turbine-Generator, Balance-of-Plant) (EUAKABAE), Balance-of-Plant (BOP) EPC (Turbine Island, Conventional Systems, Buildings) (EUAKAAAF), Mechanical, Electrical & Piping Installation (MEP) (EUAKAAAG)

Keywords

• Nuclear power generation
• Baseload electricity supply
• Build-own-operate infrastructure
• VVER reactor operations
• Nuclear plant construction

Headquarters

HQ city

Ankara

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Supply Chain, Personnel, Operations

Revenue model

1. Electricity Generation and Wholesale: Akkuyu Nükleer operates under a Build-Own-Operate (BOO) model — the world's first such arrangement in nuclear energy. The company sells all electricity generated by the four reactors to Turkey's national electricity grid. Revenue is generated through long-term electricity supply contracts with the Turkish state. The first unit is targeted to begin producing electricity by end of 2026.
2. Consulting and Technical Services: Akkuyu Nükleer may provide technical and operational consulting services to other entities or future nuclear projects in Turkey, drawing on expertise developed during the Akkuyu project.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

Akkuyu Nükleer designs, builds, owns, operates, and will eventually decommission Turkey's first nuclear power plant — a four-unit, 4,800 MW facility with Russian VVER-1200 (Generation 3+) reactors — and sells all generated electricity wholesale to the Turkish national grid under long-term supply contracts. The company also runs a specialized nuclear training center with the country's first full-scale reactor simulator to qualify operating personnel, and supports local industrial participation by integrating ~400 Turkish supplier companies into construction and installation works.

Product overview

Akkuyu Nükleer is implementing Turkey's first nuclear power plant project with four VVER-1200 Generation 3+ reactors, each with 1,200 MW capacity, totaling 4,800 MW. The project operates under the Build-Own-Operate (BOO) model—the first such implementation in the global nuclear industry. The company provides nuclear power generation services, targeting 35 billion kWh annual output to meet 10% of Turkey's electricity needs. Supporting services include operator training through the first-in-Turkey full-scale simulator facility, and low-carbon energy supply contributing to Turkey's climate targets.

Differentiator

Problem solved

Functional benefit

Products and services

• Akkuyu Nuclear Power Plant (NPP)
• Wholesale Nuclear Power Generation Services
• Nuclear Operator Training and Full-Scale Simulator Specialized training center for nuclear power plant operators featuring the first full-scale reactor control room simulator in Turkey, used to qualify operational personnel for the Akkuyu NPP units. Includes joint programs with Russian technical universities (NIYAUN MIFI, NIU MEI, KGEU) and Turkish universities.

Quantifiable outcome

• Reduces Turkey's CO₂ emissions by ~18 million tonnes CO₂-equivalent per year (~3.2% of national total annual emissions)
• +5 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Partnerships

Ten partnerships are on record, tiered minor and core.

• Republic of Korea (SMR Cooperation)minorStrategic or Co-development Partner · 4 June 2026Turkey and South Korea signed a strategic cooperation agreement to develop small modular reactor (SMR) projects in Turkey and the region. The collaboration includes developing Turkey's domestic industry for global supply chain integration in nuclear, aligned with Turkey's diversification of energy sources.
• Nuclear Regulatory Authority (NDK / АЯР) of TurkeycoreStrategic or Co-development Partner · 7 May 2026The Turkish Nuclear Regulatory Authority (NDK) reviews and issues all licensing, commissioning, and operational permits. In May 2026, it issued the commissioning permit for Unit 2 after reviewing over 22,000 pages of documentation. All Akkuyu activities are subject to NDK supervision and control.
• Turkish Companies (local suppliers)coreTechnology or Integration · 1 January 2026By end of 2023, approximately 400 Turkish companies were registered as Akkuyu suppliers. Turkish firms provide 40% of construction and installation works and supplies. Turkish companies are being invited to take equity stakes in Akkuyu Nükleer as part of ownership diversification.
• Turkish Ministry of Energy and Natural ResourcescoreStrategic or Co-development Partner · 18 July 2024The Turkish government is the primary counterpart in the intergovernmental agreement for Akkuyu NPP (signed May 12, 2010) and the main off-taker for all electricity generated. Minister Alparslan Bayraktar leads discussions on project status, Sinop NPP expansion, and Turkey's nuclear energy roadmap.
• Turkish Universities (Konya, Mersin, Diyarbakır, Izmir)minorStrategic or Co-development Partner · 1 January 2023Turkish universities participate in student site visits, joint research, and the government 'Energy of Youth' program. Universities in Konya, Mersin (Mediterranean University), Diyarbakır (Dicle University), and Izmir (Ege University) have sent engineering students to the site.
• TENMAK (Turkish Energy, Nuclear and Mining Research Institute)minorStrategic or Co-development Partner · 1 January 2022TENMAK is a key counterpart for nuclear infrastructure development in Turkey, working alongside the Ministry of Energy and NDK on Turkey's nuclear program including Akkuyu and future nuclear projects.
• UN Global CompactminorOthers · 1 October 2020Rosatom (parent corporation) became a member of the UN Global Compact in October 2020. The initiative covers corporate sustainability and social responsibility aligned with 10 UN principles and 17 SDGs.
• WANO (World Association of Nuclear Operators)coreOthers · 20 June 2019AKKUYU NÜKLEER became a member of WANO in June 2019. WANO brings together over 125 nuclear operators and 460 civilian nuclear power reactors worldwide, providing peer reviews, best practice exchange, and performance benchmarking.
• Russian Technical Universities (NIYAUN MIFI, NIU MEI, KGEU, and others)coreStrategic or Co-development Partner · 1 January 2011Since 2011, Turkish engineers have been trained in Russia's leading nuclear and power engineering universities under a state-funded scholarship program. By 2024, 322 Turkish graduates were employed at Akkuyu. In 2023 a joint double-diploma master's program was launched with 43 Turkish students admitted in 2024. Up to 600 Turkish engineers targeted to be trained by 2030.
• Rosatom (State Atomic Energy Corporation / Госкорпорация «Росатом»)coreStrategic or Co-development Partner · 12 May 2010Rosatom is the primary contractor and technology provider for the Akkuyu NPP project. Through its subsidiary Rusatom Energy International JSC (AE «РЭИН»), Rosatom holds majority ownership of Akkuyu Nükleer A.Ş. Rosatom supplies VVER-1200 reactors, all major equipment (reactor vessels, steam generators, turbogenerators), and provides operational expertise. It is the world's leading nuclear corporation with decades of reactor operating experience.

Scale indicators16 records

Recent moves16 records

Expansion highlights6 records

Direct peers

• Emirates Nuclear Energy Corporation (ENEC): UAE state-owned nuclear project company that built and operates the Barakah plant under a similar long-term government-backed model. Directly comparable as a multi-reactor nuclear new-build delivered through an intergovernmental framework with a single national off-taker.
• Korea Hydro & Nuclear Power (KHNP): Korean state nuclear operator and a partner of Turkey for SMR development. Comparable as a national nuclear operator with international new-build ambitions, similar long-asset-life regulated revenue model, and a workforce of tens of thousands.
• CGN Power: Chinese nuclear power operator running a multi-reactor fleet domestically and internationally (e.g., Hinkley Point C in the UK). Comparable as a vertically integrated nuclear operator with export technology stack and large-scale fleet economics.
• Teollisuuden Voima (TVO): Finnish nuclear power company operating Olkiluoto with a similar consortium-ownership and long-term baseload contract structure. Directly comparable as a non-vertically-integrated nuclear IPP selling wholesale electricity under long-term take-or-pay arrangements.
• ČEZ Group: Czech integrated utility operating the Dukovany and Temelín nuclear plants. Comparable as a Central European nuclear operator with multi-reactor fleet serving a single national grid, balancing baseload generation with export revenues.
• Eletrobras Termonuclear (Eletronuclear): Brazilian state nuclear operator running the Angra dos Reis plant. Comparable as a state-tied nuclear operator in an emerging market with single off-taker, multi-decade asset life, and ongoing fleet expansion ambitions.
• Nuclear Power Corporation of India (NPCIL): Indian state-owned nuclear operator with the largest fleet under construction globally. Comparable as a national nuclear monopoly operating under government direction with multi-reactor new-build programs targeting baseload demand growth.
• China National Nuclear Corporation (CNNC): Chinese state nuclear corporation owning reactors and exporting Hualong One technology internationally. Comparable as a state-owned nuclear developer-operator with full EPC capabilities, international new-build projects, and government-backed financing.

Broad incumbents

• EDF Energy: UK subsidiary of EDF, one of the world's largest nuclear fleet operators with HPC new-build underway. Comparable as a broad incumbent nuclear utility with BOO-style long-term contract structures and significant multi-decade capex programs.
• Vattenfall: Swedish state-owned utility with significant nuclear and hydro generation. Comparable as a broad incumbent European energy major with regulated nuclear baseload and active involvement in nuclear new-build and life-extension discussions.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInru.linkedin.com/company/akkuyu-npp-jsc
• Xx.com/AKKUYUNGSAS
• Facebookfacebook.com/akkuyungsas

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Akkuyu Nükleer