Major trading house Itochu Corp. is backing away from a nuclear power plant project in Turkey because of a surge in safety-related costs, sources close to the matter said Tuesday.
Itochu withdrew at the end of March from a consortium that had been conducting a feasibility study for a 4,500-megawatt plant in the Black Sea coast city of Sinop. Another Japanese company, Mitsubishi Heavy Industries Ltd., will continue participating in the study.
It is now deemed difficult for the plant (…)
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