The governments of Bangladesh and India have signed a Memorandum of Understanding (MoU) with the Russian state-held nuclear group Rosatom to cooperate on the construction of the 2,400 MW Rooppur nuclear power project in Bangladesh. Under the framework of the agreement, Indian companies will be in charge of construction and installation works for non-critical categories of the project.
The total project cost is expected to reach US$12,650m and Russia will provide a US$11,380m credit facility to cover up 90% of the costs. The Rooppur project will comprise two 1,200 MW reactors. Construction started in December 2017 on the first one, and the two reactors should be commissioned in 2023 and 2024, respectively.
The project is projected to generate 10% of Bangladesh's power generation upon completion, and will be crucial in improving the country's power supply security. Bangladesh is currently reliant on hydropower, coal and natural gas for power generation.
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