Russia’s to consider extension of loan for Belarus’ NPP for 2 years, interest rate reduction to 3.3%
<p> MINSK, Feb 1 - PrimePress. The Russian government has submitted for ratification to the State Duma the protocol on extending the Russian loan for the construction of the Belarusian nuclear power plant (Astravyets District, Grodno Oblast) for two years and reducing the interest rate to 3.3% per annum. The protocol was published in the electronic database of the lower chamber of the parliament. </p> <p> </p> <p> As previously reported, the protocol on amendments to the Belarusian-Russian intergovernmental agreement on the provision of a state export loan to the Belarusian government for the construction of the nuclear power plant of November 25, 2011 was signed in July 2021 in Moscow. It provides for an extension of the loan availability period, the grace period, and, accordingly, the loan period by two years. It is also proposed to reduce the interest rate to 3.3% per annum and switch from a floating to fixed rate. </p> <p> </p> <p> Belarus’ first nuclear power plant in Ostrovets (a town in the Grodno Oblast also referred to as Astravyets) will have two units with a combined capacity of up to 2,400 megawatts. The AES-2006 Russian standard design of (generation 3+) was chosen for its construction. Rosatom’s division Atomstroyexport acts as the general contractor for the NPP construction. The Belarusian Nuclear Power Plant RUE is the project customer and the future operator of the NPP. The ceremony of the official launch of the NPP took place in early November 2020. According to decree No.447 of November 30, 2020, the first power unit of the NPP will be put into commercial operation in 2021, the second power unit – in the first half of 2022. </p> <p> </p> <p> Russia gave Belarus a $10 billion loan that covers 90% of the NPP construction costs. It was planned earlier that the repayment of the loan will begin six months after the commissioning of the NPP, but no later than April 1, 2021. The repayment was stipulated in thirty equal installments every six months. Fifty percent of the amount was to bear interest at the rate of 5.23% per annum, and 50% at the LIBOR rate for six-month dollar deposits increased by a margin of 1.83% per annum. End </p>
2021-02-02
Primepress
Russia’s to consider extension of loan for Belarus’ NPP for 2 years, interest rate reduction to 3.3%
MINSK, Feb 1 - PrimePress. The Russian government has submitted for ratification to the State Duma the protocol on extending the Russian loan for the construction of the Belarusian nuclear power plant (Astravyets District, Grodno Oblast) for two years and reducing the interest rate to 3.3% per annum. The protocol was published in the electronic database of the lower chamber of the parliament.
As previously reported, the protocol on amendments to the Belarusian-Russian intergovernmental agreement on the provision of a state export loan to the Belarusian government for the construction of the nuclear power plant of November 25, 2011 was signed in July 2021 in Moscow. It provides for an extension of the loan availability period, the grace period, and, accordingly, the loan period by two years. It is also proposed to reduce the interest rate to 3.3% per annum and switch from a floating to fixed rate.
Belarus’ first nuclear power plant in Ostrovets (a town in the Grodno Oblast also referred to as Astravyets) will have two units with a combined capacity of up to 2,400 megawatts. The AES-2006 Russian standard design of (generation 3+) was chosen for its construction. Rosatom’s division Atomstroyexport acts as the general contractor for the NPP construction. The Belarusian Nuclear Power Plant RUE is the project customer and the future operator of the NPP. The ceremony of the official launch of the NPP took place in early November 2020. According to decree No.447 of November 30, 2020, the first power unit of the NPP will be put into commercial operation in 2021, the second power unit – in the first half of 2022.
Russia gave Belarus a $10 billion loan that covers 90% of the NPP construction costs. It was planned earlier that the repayment of the loan will begin six months after the commissioning of the NPP, but no later than April 1, 2021. The repayment was stipulated in thirty equal installments every six months. Fifty percent of the amount was to bear interest at the rate of 5.23% per annum, and 50% at the LIBOR rate for six-month dollar deposits increased by a margin of 1.83% per annum. End