The China Mail - Bangladesh accepts first uranium for Russia-backed nuclear plant

USD -
AED 3.672503
AFN 63.999633
ALL 81.13116
AMD 364.066319
ANG 1.790365
AOA 917.999554
ARS 1524.997501
AUD 1.439429
AWG 1.8025
AZN 1.699887
BAM 1.725719
BBD 2.018882
BDT 123.247965
BGN 1.683441
BHD 0.377906
BIF 3005.722202
BMD 1
BND 1.279885
BOB 12.063778
BRL 5.184055
BSD 1.002338
BTN 96.076978
BWP 14.120969
BYN 3.01672
BYR 19600
BZD 2.01597
CAD 1.42459
CDF 2310.000003
CHF 0.836205
CLF 0.024656
CLP 973.539878
CNY 6.70475
CNH 6.71436
COP 3314.79
CRC 457.846208
CUC 1
CUP 24.056893
CVE 97.29465
CZK 21.580966
DJF 178.497375
DKK 6.601103
DOP 59.602065
DZD 133.919964
EGP 51.941199
ERN 15
ETB 163.729916
EUR 0.88295
FJD 2.24875
FKP 0.756991
GBP 0.75445
GEL 2.60498
GGP 0.756991
GHS 11.732889
GIP 0.756991
GMD 74.000372
GNF 8750.000468
GTQ 7.658099
GYD 209.730789
HKD 7.84665
HNL 26.909604
HRK 6.6528
HTG 131.186306
HUF 323.419643
IDR 17937
ILS 3.07365
IMP 0.756991
INR 95.96915
IQD 1313.138889
IRR 1693792.502544
ISK 120.969796
JEP 0.756991
JMD 158.635902
JOD 0.708994
JPY 158.143502
KES 129.719972
KGS 87.4487
KHR 4065.101628
KMF 435.000056
KPW 900.000318
KRW 1360.175049
KWD 0.30903
KYD 0.835337
KZT 440.918897
LAK 22497.408184
LBP 89762.385847
LKR 331.231884
LRD 171.912363
LSL 16.416191
LTL 2.95274
LVL 0.60489
LYD 6.411082
MAD 9.723465
MDL 17.796797
MGA 4402.876428
MKD 54.331282
MMK 2099.600314
MNT 3599.1704
MOP 8.102072
MRU 40.144704
MUR 47.75987
MVR 15.449965
MWK 1738.121498
MXN 18.08776
MYR 4.086498
MZN 63.909596
NAD 16.41706
NGN 1326.860227
NIO 36.892099
NOK 9.633325
NPR 153.717739
NZD 1.77802
OMR 0.384505
PAB 1.002374
PEN 3.450819
PGK 4.536992
PHP 62.741981
PKR 277.681916
PLN 3.85205
PYG 5864.031411
QAR 3.65434
RON 4.657014
RSD 103.796978
RUB 83.375041
RWF 1480.037058
SAR 3.759293
SBD 8.032647
SCR 13.836223
SDG 601.505977
SEK 10.01845
SGD 1.27922
SHP 0.755829
SLE 24.649875
SLL 20969.491881
SOS 572.815106
SRD 37.621502
STD 20697.981008
STN 21.617329
SVC 8.77073
SYP 13002.000254
SZL 16.407994
THB 33.620498
TJS 9.232161
TMT 3.51
TND 2.97262
TOP 2.40776
TRY 49.032203
TTD 6.800164
TWD 31.937496
TZS 2640.002984
UAH 44.775489
UGX 3929.198542
UYU 40.386126
UZS 11858.028368
VES 857.98905
VND 25966
VUV 119.008285
WST 2.76852
XAF 579.17706
XAG 0.016353
XAU 0.000240041575
XCD 2.70255
XCG 1.806559
XDR 0.707052
XOF 579.17706
XPF 105.230186
YER 236.396786
ZAR 16.44243
ZMK 9001.20083
ZMW 19.596771
ZWL 321.999592
SSP 5712.591896
MXV 2.047495
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Bangladesh accepts first uranium for Russia-backed nuclear plant
Bangladesh accepts first uranium for Russia-backed nuclear plant / Photo: © POOL/AFP

Bangladesh accepts first uranium for Russia-backed nuclear plant

Bangladesh on Thursday received the first uranium delivery for its Russia-backed nuclear plant, a project aimed at bolstering its overstretched energy grid but complicated by sanctions on Moscow.

Text size:

Prime Minister Sheikh Hasina has courted Russian ties with renewed vigour after Western criticism over her government's rights record.

Moscow is bankrolling the $12.65-billion plant with a loan for 90 percent of its cost, with hopes it will alleviate the chronic blackouts plaguing the South Asian nation.

"Today is a day of pride and joy for the people of Bangladesh," Hasina said during a videoconference with Russian President Vladimir Putin to mark the handover.

Hasina thanked Putin for "his guidance and assistance in implementing this project".

Construction on the nuclear plant at Rooppur, a village on the banks of the Ganges river 175 kilometres (110 miles) west of the capital Dhaka, began in 2017.

The first of its twin 1,200-megawatt units is slated to begin operations next year and both reactors should be fully online in 2025, Bangladesh technology minister Yeafesh Osman told reporters on a Wednesday tour of the facility.

Washington's sanctions on key Russian firms since last year's invasion of Ukraine, including state nuclear agency Rosatom, delayed construction work because Dhaka was unable to make loan repayments in US currency.

In April, Bangladesh agreed to make payments of more than $300 million in Chinese yuan in an effort to circumvent the sanctions.

But central bank officials have said that the money has yet to be paid.

"The whole world is facing this payment problem and we're no exception," Osman said. "However, we are trying to solve the problem."

Hasina's government is eager for new friends ahead of general elections due by the end of January, with Western governments and rights groups warning her government is silencing critics and stamping out political dissent.

Washington levelled sanctions against Bangladesh's elite Rapid Action Battalion (RAB) police force in 2021 over accusations of their involvement in the extrajudicial killing of opposition activists.

The lack of payment has not outwardly affected Bangladesh's pursuit of a closer relationship with Moscow.

Russian Foreign Minister Sergei Lavrov visited Dhaka for the first time last month and used the occasion to criticise "the pressure exerted upon Bangladesh by the United States and its allies".

- Power struggles -

The Rooppur plant is the most expensive infrastructure project undertaken by Hasina, who has been in power since 2009, and will be the country's largest power station by generating capacity once fully operational.

Bangladesh has several more coal and gas-fired plants under construction but is desperate to reduce its near total reliance on fossil fuels.

Its electricity grid has shown increasing signs of stress, with a spike in energy prices precipitated by the Ukraine war forcing the government to suspend gas and diesel imports last year.

The result was months of daily power blackouts sometimes lasting up to 13 hours. A separate grid failure last October cut power to more than 80 percent of the country's 169 million people.

This past summer Bangladesh was forced to shut its current biggest power plant because it was unable to afford the coal to fuel it during a sweltering heatwave.

Bangladesh also plans to build a second nuclear power station in the country's south, though a final site has not been decided.

Officials have cast Bangladesh's atomic energy ambitions as a key plank of the fight against climate change in a low-lying country more vulnerable than most to extreme weather.

"It will help Bangladesh cut carbon emissions significantly by 2030," Shawkat Akbar, head of the Rooppur plant, told AFP.

Nuclear energy is one of the world's largest sources of emissions-free energy.

But there are persistent concerns about the safety risks and disposal of nuclear waste, and opponents point out nuclear plants take many years to build compared to more quickly deployable renewable energy sources.

W.Tam--ThChM