Deals Counterparts

Candu Energy and Türkiye Nuclear Energy Company to explore CANDU reactor deployment in Turkey

Partnership Nuclear announced Turkey Mar 4, 2026

Candu Energy and Türkiye Nuclear Energy Company have signed a memorandum of understanding to assess the potential for deploying Canadian CANDU reactor technology in Turkey as the country seeks to expand its nuclear energy capacity.

Deal Analysis

Candu Energy and Türkiye Nuclear Energy Company have signed a Memorandum of Understanding (MoU) to explore the potential deployment of Canadian CANDU reactor technology in Turkey. This partnership, announced in March 2026, signifies an early-stage assessment aimed at expanding Turkey's nuclear energy capacity. The deal is currently in an exploratory phase, focusing on evaluating the feasibility and strategic fit of CANDU reactors within Turkey's energy infrastructure goals. This initiative holds strategic importance for both counterparts. For Candu Energy, it represents a potential new market for its established reactor technology, offering an opportunity to expand its global footprint. For Türkiye Nuclear Energy Company, the MoU underscores its proactive approach to assessing diverse nuclear technologies as it seeks to significantly increase its nuclear energy generation. While specific capacity and financial value are not disclosed, the deal highlights Turkey's commitment to developing its nuclear sector as a key component of its future energy strategy.
  • Memorandum of Understanding for technology assessment
  • Exploration of Canadian CANDU reactor deployment in Turkey
  • Partnership between Candu Energy and Türkiye Nuclear Energy Company
  • Aimed at expanding Turkey's nuclear energy capacity

Timeline

Announced
Mar 4, 2026
Signed
Closed