The power plant, which would have a production capacity of 4,500-5,000 megawatts, would be located on the Sinop Peninsula on Turkey's northern Black Sea coast. Japan's Mitsubishi Heavy Industries and Itochu Corp., along with French utility firm GDF Suez, make up the consortium that beat out China Guangdong Nuclear Power Holding Co. in the final bidding round. The plan calls for the installation of four Atmea-designed 1,100-megawatt reactors (a smaller and less expensive version of the third-generation European Pressurized Reactors) jointly developed by French nuclear engineering firm Areva and Mitsubishi Heavy Industries. GDF Suez would operate the plant with a local Turkish partner. No details have been released yet on the distribution of stakes or on a financing plan for the estimated $22 billion project, but a representative of Japan Bank for International Cooperation, a state-owned policy financing institution, was part of the Japanese delegation in Turkey.