32920
Dhaka, Moscow Sign $12b Nuclear Deal
Energy

Dhaka, Moscow Sign $12b Nuclear Deal

Bangladesh's state-run Atomic Energy Commission signed a deal with Russia on Friday to set up two nuclear power plants, each with 1,200-megawatt capacity, an investment totaling $12.65 billion, a government official said.
"Work will begin early next year at Ruppur in Iswardi, 160 km from Dhaka," said Kamrul Islam Bhyian, a spokesman for the ministry of science and technology, Reuters reported.
"Russia will finance up to 90% of the total cost as credit with an interest rate of Libor plus 1.75%."
Bangladesh will clear the total loan within 28 years with a 10-year grace period. Bangladesh Finance Minister Abul Maal Abdul Muhith said it would be the country's biggest power project.
The first power plant is expected to begin operating by 2022 and the second by 2023.
The official said the plant would use a new generation reactor that has a lifespan of 60 years with an option of extending it for 20 years. The reactor contains improved safety features and its passive safety system can work for 72 hours in any critical or emergency situation, it said.
Rosatom will maintain the plant for the first year of its commercial operation before handing over to the Bangladesh authorities and will bear fuel costs for the first year of operation.

Short URL : http://goo.gl/yJeud8
  1. http://goo.gl/0Gyp24
  • http://goo.gl/pjueW9
  • http://goo.gl/zwdOrs
  • http://goo.gl/5Hyt1R
  • http://goo.gl/wN3O7P

You can also read ...

Russia Says US Sanctions on Iran "Unproductive"
United States' sanctions on Iran's oil industry are...
China to Cut Solar, Wind Subsidies
China will speed up efforts to ensure its wind and solar power...
Oil Coalition Seeks Consensus Ahead of Algiers Summit
With a critical meeting in Algiers fast approaching, a...
Abu Dhabi Planning Biggest Oil  IPO in Decade
Abu Dhabi is pushing ahead with an initial public offering for...
Crude Prises Higher as Supply Concerns Rise
Oil prices rose on Monday as investors worried about the...
New Power Capacity for Sistan-Baluchestan
Operations to build new combined-cycle power plants in...
Abadan  Refinery  Second Phase  on Track
The second development phase of Abadan Oil Refinery in...
ICOFC to Develop  Eight Gas Fields
Iranian Central Oil Fields Company plans to develop eight gas...

Trending

Googleplus