The financing agreement for Bangladesh's Rooppur Nuclear Power Plant has been finalized with Russia.
Under the deal Russia would provide necessary fund for constructing the plant and Bangladesh would borrow $500 million for the technical study with an interest rate of not less than 4 percent from Russia.
The $500 million would be spent in the next two years for technical study, which would determine how much money would be needed to develop the plant.
The government is going to build two nuclear plants with capacity of 1000-megawatt each at Rooppur with latest ‘third generation’ technology from Russia where five-layer security measures would be installed, according to officials.
It takes about $1.5 billion to $2 billion to set up 1000-megawatt power plant depending on security features and technology standards.
A delegation led by the Economic Adviser went to Moscow and negotiated with acting Russian Finance Minister to finalise the deal.
The team included State Minister for Science and Technology Yeafesh Osman, Board of Investment Executive Chairman SA Samad and representatives from ministries of finance, foreign and law, ERD, Planning Commission and Bangladesh Atomic Energy Commission.
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