Bangladesh and Russia sign nuclear deal

Bangladesh has inked a $12.65bn agreement with Russia for the construction of two nuclear power plants.

Both 1200 MW plants are to be built by Russia’s nuclear firm Rosatom at Ruppur in Bangladesh's Ishwardi district, around 160 km from Dhaka.

Work is expected to begin early in 2016, with commercial operation planned for 2022-2023.

Under the terms of the agreement, Rosatom will be responsible for maintenance during the plants’ first year of operation, and will also pay the fuel costs for that year.

A spokesman for the Bangladeshi ministry of science and technology, Kamrul Islam Bhyian, was quoted as saying that Russia is to finance up to 90 per cent of the total cost of the project through a 28-year loan.

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