ANKARA, August 6 (RIA Novosti) - The prime ministers of Russia and Turkey signed an agreement Thursday on the two countries' nuclear cooperation and Russian firms' participation in the construction of Turkey's first nuclear power plant.

Russian Prime Minister Vladimir Putin said Russia would soon coordinate construction details with the Turkish authorities and start implementing the project.

"We intend to coordinate the details shortly and start the construction," he said after a meeting with his Turkish counterpart, Tayyip Erdogan.

"The victory of a Russian-Turkish consortium in the tender to build Turkey's first NPP opens wide opportunities for our countries. Both sides are evidently interested in the project," Putin said.

He added that the Russian price to build the Turkish nuclear plant was 50% lower than the U.S. price.

The plant is due to be built on the Mediterranean coast near Akkuyu. A consortium made up of Russia' Atomstroyexport, Inter RAO UES and Turkey's Park Teknik participated in the tender.

Turkish nuclear authorities in May ruled that the consortium's tender proposal that included the construction of four 1,200 MW power units was in line with all technological criteria.