Minsk, Belarus (4E) – Russia on Wednesday signed a nuclear power plant deal with Belarus in Minsk. Under the deal, Russia will provide financial assistance to help Belarus build its first Nuclear Power Plant (NPP).
The deal was signed during a meeting between the leaders of the two countries in Belarusian capital Minsk.
In a statement after the meeting, Russian Prime Minister Dmitry Medvedev said that his country would grant USD 10 billion loan to former Soviet nation to develop the Russian designed two-block nuclear station.
Russia’s Atomstroyexport company, a subsidiary of Rosatom civilian nuclear power corporation, which will build the plant will boost Belarusian entire energy system’s capacity to 8,000 MW as it consists two reactors each of 1,200 MW capacity.
The construction of the first block is likely to be completed within next five years, while the second will be finished in additional two years. The NPP, which will be built in the Ostrovets district of the Grodno region, is to be launched in 2020.
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