Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan attended a ceremony in Ankara on Tuesday to launch the first unit of Turkey's first nuclear power plant in Akkuyu, in the country’s southern province of Mersin. The Akkuyu nuclear power plant will be built by Russian State Nuclear Energy Agency Rosatom. The plant, with a total investment cost of $20 billion (€16... Еще.273 billion), will have a total capacity of 4,800 megawatts in four units. Two units with a capacity of 2,400 megawatts are planned for the first phase of the construction.The plant will reportedly have a working life of 8,000 hours a year and will produce some 35 billion kilowatt of electricity at full capacity. Putin is on a two-day visit to Turkey, where he is due to attend the seventh meeting of the Turkey-Russia High-Level Cooperation Council in Ankara on April 3. On April 4, Putin will attend a summit on Syria, alongside Erdogan and Iranian President Hassan Rouhani. In 2010, Moscow and Ankara signed an intergovernmental agreement to create the Akkuyu plant near the port of Mersin. Russia is financing the project with a build-own-operate model. The construction is scheduled for completion in 2023. Power from the plant is expected to be sold mostly inside the country.