Anisul Islam Noor :
Dhaka and Moscow are likely to sign the credit agreement initially in this week in the Russian capital for installation and commissioning of a two-unit nuclear power plants at Rooppur in Pabna district.
An 18-member team is scheduled to fly for Moscow today to finalise the state credit agreement worth $11.348 billion with Russian Federation. The amount is 90 per cent of the total project cost, a source of Ministry of Science and Technology said.
The ministry is expecting to sign the contract this month to keep pace with the timeline for different phases of implementation of the project.
Replying a question, the source said that utilisation of the fund would begin from 2017 to span for nine years.
Science and Technology Minister Yeafesh Osman will lead a high-level team and Economic Relations Division’s Additional Secretary Abul Mansur Md. Faizullah led the working group at different meetings scheduled for Wednesday and Thursday in Moscow for finalising the credit agreement.
On December 25 in 2015, Bangladesh and Russia signed the general contract for the $12.65 billion project, which is scheduled for 2022 to begin electricity supply from the first unit with 1,200MW. The second unit is scheduled for 2023 for commissioning.
Under the contract, Russia will provide $11.385 billion as loan with 1.75 per cent interest rate plus LIBOR (London Interbank Offered Rate) for the project with a provision to realise the investment in 28 years with a 10-year grace period.
The Bangladesh government will provide the remaining 10 per cent of the funding worth $1.265 billion in eight years from 2017 to 2025.
Dhaka and Moscow are likely to sign the credit agreement initially in this week in the Russian capital for installation and commissioning of a two-unit nuclear power plants at Rooppur in Pabna district.
An 18-member team is scheduled to fly for Moscow today to finalise the state credit agreement worth $11.348 billion with Russian Federation. The amount is 90 per cent of the total project cost, a source of Ministry of Science and Technology said.
The ministry is expecting to sign the contract this month to keep pace with the timeline for different phases of implementation of the project.
Replying a question, the source said that utilisation of the fund would begin from 2017 to span for nine years.
Science and Technology Minister Yeafesh Osman will lead a high-level team and Economic Relations Division’s Additional Secretary Abul Mansur Md. Faizullah led the working group at different meetings scheduled for Wednesday and Thursday in Moscow for finalising the credit agreement.
On December 25 in 2015, Bangladesh and Russia signed the general contract for the $12.65 billion project, which is scheduled for 2022 to begin electricity supply from the first unit with 1,200MW. The second unit is scheduled for 2023 for commissioning.
Under the contract, Russia will provide $11.385 billion as loan with 1.75 per cent interest rate plus LIBOR (London Interbank Offered Rate) for the project with a provision to realise the investment in 28 years with a 10-year grace period.
The Bangladesh government will provide the remaining 10 per cent of the funding worth $1.265 billion in eight years from 2017 to 2025.
