Energy Bangla

Energy electricity and environment news portal

Dhaka Friday,  Aug 17, 2018

$11.38b RNPP Credit Deal Signing On 26th July

EB Report

The credit deal on Ruppur Nuclear Power Plant (RNPP) is going to be
signed on the coming 26th of July. This, without any doubt, is one of
the largest Power Plant project yet for Bangladesh and also the first
of its kind in this country. The government is likely to sign this
11.38b USD credit deal with the Russian Federation, which in terms of
the amount will be the single largest amount of foreign loan in the
history of Bangladesh.

According to the sources from the Science and technology ministry, a
high-powered delegation of 5 members led by the Minister for Science
and Technology Yafes Osman will fly out to Russia on July 22.

The other members of that delegation are Anwar Hossain, Additional
Secretary of the Science and Technology Ministry, M. A. Mannan, State
Minister for Finance and Planning, ERD (Economics Relation Division)
secretary Mezbah Uddin, Abul Mansur Md. Faizullah, additional
secretary of ERD.

The cabinet committee approved the rough credit deal on 27th of June.
Earlier, Bangladesh Atomic Energy Regulatory Authority (BAERA) has
issued the ‘site license’ to the Bangladesh Atomic Energy Commission
(BAEC) on June 21st.

The total capacity of this power plant is 1,200 MW and the total
estimated cost is 12.65b USD. Russia will provide 90 percent of the
total cost as state credit at four per cent interest. Russia and
Bangladesh would invest in this project on a ratio of 90:10.
Bangladesh will have to pay back the credit in 28 years with a 10-year
grace period.

The first unit of this plant is likely to be in operation by the year
of 2023 and the second one is to be operational by the October of
2024. Each of the units will have a capacity of generating 1,200 MW of
electricity with a lifespan of 50 years.

Comment here