Imminent Significant Changes To Turkish Nuclear Energy Legislation

In Turkey, the Law on Construction and Operation of Nuclear Power Plants and Sale of Energy Generated from those Plants¹ ("Law No. 5710") governs nuclear energy. The main secondary legislation is the Regulation on the Principles and Procedures for Competition and Contracts within the Framework of Law No. 5710.² As a result of the country's needs and investors' expectations, the Ministry of Energy and Natural Resources (the "MENR") recently prepared (i) a draft law on liabilities in the field of nuclear energy (the "Draft Nuclear Liability Law") governing the liability regime in the event of a nuclear incident and (ii) a draft law (the "Draft Nuclear Law") on the licensing mechanism of nuclear power plants and the establishment of the Nuclear Regulatory Authority (the "NRA").