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Bangladesh's state-run Atomic Energy Commission recently signed a deal with Russia to set up two nuclear power plants, each with a capacity of 1,200 MW. The investment is estimated at $12.65 billion, according to a government official.
Work is scheduled to begin soon at Ruppur in Iswardi, 160 km (100 miles) from Dhaka. Bangladesh is likely to clear the total loan within 28 years with a 10-year grace period. The first power plant is expected to begin operation by the year 2022 and the second by 2023.
The plant would use a new generation reactor that has a lifespan of 60 years, which can be extended for another 20 years. The reactor contains improved safety features, and its passive safety system is expected to work for 72 hours in any critical or emergency situation.
Rosatom will maintain the plant and bear the fuel costs for the first year of its commercial operation, before handing over to the Bangladesh authorities.