Russian consortium cuts Turkey nuclear power price

* Report cites two options that fix power price lower

* Nuclear plant expected to go into operation in July 2016

ISTANBUL, Aug 6 (Reuters) - A consortium of Russia's Inter RAO IRAO.MM, Atomstroiexport and Turkey's Park Teknik will revise down the price they charge from what would be Turkey's first nuclear plant, Hurriyet newspaper reported on Thursday.

The report comes ahead of a visit to Ankara by Russian Prime Minister Vladimir Putin, whose government has supported moves by Inter RAO, Russia's state controlled electricity trader, to expand in developing markets.

Turkey's energy minister on Wednesday said he expected the consortium's price for power sales to be lowered.

According to one option, the consortium has revised down its price to $0.1235 per kilowatt hour from a previous price of more that $0.15, the newspaper reported. A separate option sees a price of $0.1396, but puts additional conditions on investment.

Turkey has delayed final approval of the the Inter RAO-Atomstroiexport bid, pending revision of the price the consortium would charge for electricity from the plant, which is expected to go into operation in July 2016.

A Russian statement said the price of the Turkish nuclear power stations were seen at $21 billion, and that the consortium's fixed electricity price would be effective until 2030, after which market prices would be applied.