A turbine rotor which is easy to manufacture and has a high tolerable temperature is provided. A highly efficient steam turbine power plant is also provided. The turbine rotor is configured from a rotor shaft, an inner rotor disc constructed integrally with the rotor shaft, and an outer rotor disc which is welded to the inner rotor disc via a weld metal part and has a structure for fixing a turbine blade. The outer rotor disc preferably has a cooling hole which extends in an axial direction to penetrate the outer rotor disc over the thickness of the outer rotor disc.