Russia is building a $13 billion nuclear power plant in Bangladesh that will provide up to 15% of the country's electricity
Kyiv • UNN
Russia's Rosatom is building Bangladesh's first nuclear power plant, Rooppur, worth $13 billion. The 2.4 GW plant will provide up to 15% of the country's electricity needs.
Bangladesh's first nuclear power plant, built by Russia's Rosatom, will be able to provide up to 15% of the country's electricity needs after completion. The project is estimated to cost $13 billion. This is reported by Bloomberg, writes UNN.
Details
It concerns the Rooppur nuclear power plant with two Russian-made reactors. The first power unit is planned to be fully commissioned in early 2027, the second in 2028. The total capacity of the plant will be 2.4 GW.
The government of Bangladesh considers nuclear energy as a way to reduce dependence on imported fossil fuels and protect the country from energy crises caused by geopolitical conflicts.
The project became more expensive due to delays
The delay had huge financial consequences for Bangladesh. Timely completion would not only have avoided this huge cost increase but also helped us reduce spending on fossil fuel imports
According to Bloomberg, due to the devaluation of the local currency and construction delays, the cost of the project in national currency has increased significantly. At the same time, the authorities are already considering the possibility of building small modular reactors, which, in their opinion, could be put into operation faster and built cheaper.
According to experts, the implementation of the Rooppur project will allow Bangladesh to avoid building new large base power plants in the coming years and create conditions for more active development of renewable energy.