Approval will be required to get Russian fund to implement the project at a cost of Tk1,13,092.91 crore. The Ministry of Science and Technology will place the proposal.
Prime Minister Sheikh Hasina will preside over the meeting.
Science and technology ministry officials said after approval of the project by Ecnec, the government is expected to receive $500m from Russian joint-stock company Atomstroyexport as export credit.
Bangladesh government will have to pay 10% advance which is equal to Tk800 crore before getting credit, officials, however, said.
The project work already got underway and is expected to end in December, 2025. This is being set up at Rooppur in Ishwardi, Pabna.
The project work includes land acquisition, construction of office buildings, school, college, dormitory, hospital, shopping mall, football stadium, swimming pool, fire service station and laboratory.
The total workforce of the project will be 2,199. A number of 106 vehicles will be required, according to the proposal.
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.
Bangladesh and Russia signed a financial deal of $11.38bn in Moscow recently to implement the country’s first-ever nuclear power plant.
Last year, the Rosatom hinted that the cost might go up to $10bn. A couple of years ago the government had estimated that the plant would cost between $2bn and $3bn.
Russia will provide all assistance for setting up the plant, including providing the fuel and taking back the used fuel. Bangladesh is seeking 90% of the project financing from Russia. The loan will be repaid in 28 years with a 10-year grace period.
Thursday, March 20, 2025
