May 13, 2010 11:27 AM

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Russia agrees to build Turkey’s first nuclear power plant

The Russian President Dmitry Medvedev has agreed a deal under which Moscow will build Ankara's first nuclear power plant. Russia will have a controlling stake in the plant, which is likely to cost 20 billion dollar and will be built on Turkey's Mediterranean coast. It was one of several agreements struck by Mr Medvedev during a visit to Ankara, the Turkish capital. Both countries said they wished to improve trade links, lift visa conditions and boost energy projects. Turkey is aiming to reduce its dependence on foreign energy supplies, but at the same time be a hub through which oil and gas producers can ship their supplies to Europe.

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