In May 2010, Russia and Turkey signed an agreement that a subsidiary of Rosatom would build, own, and operate a power plant at Akkuyu comprising four 1,200 MWe VVER1200 units. Construction of the first reactor has commenced in April 2018.[4] In February 2013, Russian nuclear construction company Atomstroyexport (ASE) and Turkish construction company Özdoğu signed the site preparation contract for the proposed Akkuyu Nuclear Power Plant. The contract includes excavation work at the site.[5]