“We have an expectation that the price from the Russian consortium will be lowered for the nuclear power station,” Taner Yildiz said.

Already, the Russian consortium has decreased the planned price of electricity from the nuclear station by 27% after a slump in demand due to the economic slow down. The revised price of $0.1535 per kilowatt hour is still about double present rates.

Burak Ozugergin, Turkey’s foreign ministry spokesman, said Turkey and Russia planned to sign a agreement on an early warning system on nuclear accidents during Russian Prime Minister Vladimir Putin’s visit.