Japan cancels $22 billion Turkish nuclear power project
A Japan-led consortium has cancelled plans to build a nuclear power plant in Turkey citing rising costs and failure to agree revised financing terms with the government.
Mitsubishi Heavy Industries and its partners have pulled out of the project after construction costs rose to 5 trillion yen ($44 billion), about double original projections, Nikkei Asia Review reported on Tuesday, citing sources it didn’t identify.
More:Japan cancels $22 billion Turkish nuclear power project | Ahval
