Bloomberg News

Russia Agrees to Build Bangladesh’s First Nuclear Power Plant

November 02, 2011

Nov. 2 (Bloomberg) -- Russia’s state-owned nuclear holding company Rosatom Corp. agreed to build an atomic power plant in Bangladesh, the South Asian nation’s science minister said.

Yeafesh Osman, Bangladesh’s state minister for science and information and communication technology and Sergei Kiriyenko, head of Rosatom, signed the agreement in Dhaka today, Osman told reporters.

Bangladesh, where more than half of the 166 million population don’t have access to electricity, plans to spend $10 billion over a decade to increase power capacity and attract investments from abroad. The government said on Sept. 11 it will ask international companies to submit bids to build seven power plants with a combined capacity of 1,455 megawatts.

To contact the reporter on this story: Arun Devnath in Dhaka at adevnath@bloomberg.net

To contact the editor responsible for this story: Arijit Ghosh at aghosh@bloomberg.net


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