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Belarus expects weak ruble to lower Russian nuke project costs

November 26, 2014, 16:07 UTC+3 MINSK

The total cost of the plant construction will not exceed $11 billion

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© ITAR-TASS/Dmitriy Rogulin

MINSK, November 26. /TASS/. Belarus expects that construction of its first nuclear power plant by Russia’s Rosatom will cost less due to Russian ruble devaluation, Andrey Barkun, deputy director of the plant’s operator, told reporters on Wednesday.

The total cost of the plant construction will not exceed $11 billion, he said. In accordance with an intergovernmental agreement, Belarus will receive a $10 billion loan for the plant construction from the Russian government.

The loan agreement was signed in US dollars, while payments for construction works are made in Russian rubles, which will bring certain benefit to Belarus, Barkun said.

Atomstroyexport, part of Rosatom, acts as a general contractor to build Belarus’ nuclear plant consisting of two units with a combined capacity of around 2,400 megawatts. The launch of the units is scheduled for 2018 and 2020, respectively.

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