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Russia to lock Bangladesh into a 20 year big nuclear power debt

nuclear-marketing-crapRussia extends $11.38 bln loan to Bangladesh to build nuclear power plant http://tass.com/economy/925025 January 13 Bangladesh will repay the actually spent loan in equal six-month installments over a twenty year period MOSCOW, January 13. /TASS/. Russia’s government has extended a $11.38 billion loan to Bangladesh to build the Rooppur nuclear power plant. The relevant document was published on the government’s website containing legal information.

According to the draft inter-governmental agreement, the loan will be used from 2017 to 2024. Bangladesh will repay the actually spent loan in equal six-month installments over a twenty year period. The first installment will be paid out on March 15, 2017.

Two units of the Rooppur nuclear power plant, with a capacity of 1,200 MW each, which are being built with Russia’s assistance, are planned to be put into operation in 2022 and 2023.

In mid-December 2015, Russia’s Rosatom State Atomic Energy Corporation signed an EPC contract for a nuclear power plant in Bangladesh.

The construction work is being done in accordance with the inter-governmental agreement on cooperation in building a nuclear power plant in Bangladesh, dated 2011. The nuclear power plant will be located on the eastern bank of the Ganges River, 160 kilometers from the country’s capital of Dhaka.

January 14, 2017 - Posted by | ASIA, marketing, Russia

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