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Oil Report

Turkish Enka, KEPCO to cooperate on nuclear energy

ISTANBUL, Jan 28 (Reuters) - Turkish energy-to-construction firm Enka Insaat ENKAI.IS has agreed with Korea Electric Power Corp. (KEPCO) 015760.KS to work together on nuclear energy in Turkey, the Turkish firm said on Monday.

Enka said in a statement to the stock market that the preliminary agreement was signed on Friday, but gave no more details.

Energy-importer Turkey has said it expects to hold tenders for its first nuclear power plants by May at the latest and aims for construction to start this year.

A law to allow construction of the plants was approved in November after long delays, and Ankara hopes nuclear energy will help avert a power shortfall in the fast-growing emerging economy.

Editing by Rory Channing

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