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ECNEC approves crucial Rooppur nuclear plant project

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved the crucial Rooppur Nuclear Power Plant scheme with Russian assistance, the country`s biggest ever project in terms of financial involvement requiring an estimated amount of Tk 1,13092.91 crore.

"Bangladesh Atomic Energy Commission will implemented the project with an estimated cost of Tk 1,13,092.91 crore by 2025," Planning Minister AHM Mustafa Kamal told a news briefing emerging from the ECNEC meeting with Prime Minister Sheikh Hasina in the chair.

He said the government would provide Tk 22,052.91crore from the national exchequer while Russia will provide Tk 91,040 crore at 4.0 percent interest as project assistance to be paid back in 20 years with a 10-year grace period.

The proposed plant, Kamal said, would generate 2,400 megawatt electricity through two units.

The minister said the weekly meeting on Tuesday approved a total of 12 projects with an estimated cost of Taka 1,52,712.41 crore.

"Of the total cost of the projects, the government will provide Taka 35,068.73 crore from the national exchequer while the organisations concerned will contribute Taka 1,627.37 crore from their own funds," he said adding the remaining Taka 1,16,016.31 crore would come as foreign project assistance.

Ministers, State Ministers and Planning Commission members and secretaries concerned were present, among others.

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