Dhaka – Bangladesh has begun physical construction of its much-awaited nuclear power plant, capable of producing 2,400 megawatt of electricity by 2024.
Prime Minister Sheikh Hasina on Thursday inaugurated the foundation-laying ceremony of the Rooppur Nuclear Power Plant site in northern Pabna district as she believes that the construction of new plant would address the growing power demand in the coming days.
The project is being implemented by the state-run Bangladesh Atomic Energy Commission (BAEC) under the Science and Technology Ministry, with financial, technical and technological support from Russia through its state nuclear agency, Rosatom.
The Bangladesh Atomic Energy Commission (BAEC) and Russian company, JSC Atomstroyexport, signed a general contract for construction of Rooppur Nuclear Power Plant (NPP) on December 25 in 2015.
BAEC Chairman Md Monirul Islam and Vice President of Atomstroyexport Vladimir N Savuskhin signed the contract on behalf of their respective organisations.
Atomostroyexport, the contractor appointed by Russia’s state-owned atomic power body , Rosatom, will construct the NPP at a cost of $12.65 billion, out of which, $10.1 billion has been fixed as base price, $1 billion for soil stabilisation and the remaining $1.65 billion for price escalation.
Earlier in January 2013, an inter-governmental agreement was signed for the provision of a $500 million Russian loan to finance engineering design, site development and personnel training.
Bangladesh signed a deal with Russia’s state-owned nuclear giant Rosatom to construct the nuclear plant on November 2, 2011.
Russia will provide all assistance under the agreement for setting up the plant, including providing the fuel and taking back the used fuel.
A total of 262 acres of land have been acquired to set up two units of the plant with a capacity of 2,400-MW. On October 2, 2013, Prime Minister Hasina laid the foundation stone of the Rooppur Nuclear Power Plant at Iswardi in Pabna.