The Turkish government recently signed a $20 billion project with Russia to build nuclear power facilities in Akkuyu, Turkey. Now the Turkish government has set its sights on constructing a nuclear plant in Sinop, Turkey. The Financial Times recently reported that China is the primary contender for this contract due to its ability to secure financing without requiring guarantees from the Turkish government. Turkish Prime Minister Recep Tayyip Erdogan visited China last week, confirming reports of the deal when Energy Minister Tanir Yildiz held talks with Chinese authorities. At these meetings, Chinese Energy authority Liu Tienan pledged full financial guarantees for the $20 billion project.