Russia's Atomstroiexport has offered to cut the price of power from its planned nuclear power plant in Turkey by 27 percent, the state Anatolian news agency said on Friday.
Atomstroiexport and its partners -- Russia's Inter Rao (IRAO.MM) and Turkey's Park Teknik -- will sell power from the planned plant for $0.1535 kilowatt hour, instead of $0.2116, Anatolian said, citing Duran Gokkaya, general manager of Tetas, the state power company.
Atomstroiexport was the only bidder in a September tender for Turkey's first nuclear license.
I put a fair amount of effort last month into determining why the original tender was so expensive, but details of the bid were not public knowledge. In any case, the Russians have now offered a new price that, while steep, is not unreasonable. We'll see if the Turks take it.