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Russia extends $11.38bn loan to Bangladesh for nuclear power plant

Staff Writer | January 14, 2017
Russia’s government has extended a $11.38 billion loan to Bangladesh to build the Rooppur nuclear power plant.
Rooppur nuclear
Nuclear energy   The Rooppur nuclear power plant
The relevant document was published on the government’s website containing legal information, TASS reports.

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.