The Cabinet Purchase Committee on Sunday approved a procurement proposal of US$ 265 million for the proposed 2000 MW Rooppur Nuclear Power Plant project.
Bangladesh Atomic Energy Commission (BEAC) will procure services and goods from Russian contractor Atomstroyexport under a deal between Bangladesh and Russian Federation.
The cabinet body meeting, with Finance Minister AMA Muhith in the chair, gave the nod to the proposal for procurement of services goods, which was placed by the Ministry of Science and Technology.
The services and goods include performance of survey works, development of design documentation and first priority working documentation for the Rooppur project.
However, the amount of $ 265 million will be paid from $ 500 million state-export credit which Bangladesh will receive from Russia for preparatory phase works on the project.
Earlier, the Cabinet purchase committee approved a $ 45.9 million deal between Atomstroyexport and BAEC for initiating the works on the project.
As per the agreement signed between the two nations in January this year during Prime Minister Sheikh Hasina’s Moscow visit, Russia will provide the $ 500 million for feasibility study and some other purposes of the project which are considered as preparatory works.
Officials said on completion of the feasibility study and some preparatory works, the construction cost on the project will be determined on the basis of the feasibility study.
In that case, Bangladesh will have to take separate loan to meet the construction cost.
An idea was given by the Russian state-owned nuclear agency Rosatom that the cost of the proposed 2000 MW power plant might be US$ 2 billion.
The Executive Committee of the National Economic Council (ECNEC) approved Tk 5087.09 crore (about US$ 654.27 million equivalent) for the first phase of the project to set up a 1000 MW unit by 2017. The second phase of the project -- another 1,000 MW unit -- will be installed by 2023.
Prime Minister Sheikh Hasina is scheduled to inaugurate the project works on October2 at the Rooppur site in Ishwardi, Pabna.