Russia extends $11.38bn loan to Bangladesh for nuclear power plantStaff Writer | January 14, 2017
Russia’s government has extended a $11.38 billion loan to Bangladesh to build the Rooppur nuclear power plant.
Nuclear energy The Rooppur nuclear power plant
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. ■