Russia signs $12bn Bangladesh nuclear power deal

Bangladesh nuclear power: Bangladesh’s state-run Atomic Energy Commission last week signed a deal with Russia for the construction of two 1,200 MW capacity power plants. The plants will be situated on the banks of the Ganges at Ruppur, 200 km north-west of Dhaka in the country’s Pabna District and close to the western border with India.
Work is due to begin early next year and the first unit is  scheduled to be operational by 2022, with the the second one following a year later. “Russia will finance up to 90% of the total cost as credit with an interest rate of Libor plus 1.75%,” said Kamrul Islam Bhyian, spokesman for the Ministry of Science and Techchnology. Russia’s state-run Rosatom will maintain the plant and bear the fuel costs for the first year of its commercial operation before handing  it over to the Bangladesh authorities