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Bangladesh, Russia sign nuclear deal worth $12.65 bn

Bangladesh’s state-run Atomic Energy Commission signed a deal with Russia on Friday to set up two nuclear power plants, each with 1,200MW capacity, an investment totalling $12.65 billion, a government official said.

Work will begin early next year at Ruppur in Iswardi, 160km (100 miles) from Dhaka, said Kamrul Islam Bhyian, spokesman for the ministry of science and technology.

“Russia will finance up to 90 per cent of the total cost as credit with an interest rate of Libor plus 1.75 per cent,” Bhyian told Reuters.

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