$50 million just released for Rooppur

$50 million just released for Rooppur

Overview

  • Release Date: October 03, 2016

The cost of Rooppur nuclear power plant is estimated at USD 12.65 billion. The Bangladeshi government will get 90% (USD 11.38 billion) from Russian government as a loan and rest will be invested by Bangladesh. The loan will be repaid in 28 years with a 10-year grace period.

The Bangladeshi government has just released USD 50 million for the unapproved project of the Rooppur Nuclear Power Plant (main Phase).

Finance Division of Bangladesh’s Ministry of Finance released the fund from the block allocation kept for the Ministry of Science and Technology this fiscal year for construction of the project (main phase), according to a circular issued by the Ministry of Finance. According to the summary of the conditions, the main phase of the plant needs to be approved from the Planning Commission within next one month and authorities concerned will be responsible once any irregularity with the fund is committed.

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About Author

Arnaud Lefevre

Arnaud Lefevre is the Chief Executive Officer of Dynatom International. Arnaud is in charge of the international development of the business portfolio.

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