The Fort Worth Press - Bangladesh accepts first uranium for Russia-backed nuclear plant

USD -
AED 3.673042
AFN 68.858766
ALL 88.802398
AMD 387.151613
ANG 1.799401
AOA 927.769041
ARS 962.503978
AUD 1.46886
AWG 1.8
AZN 1.70397
BAM 1.749922
BBD 2.015926
BDT 119.312844
BGN 1.750011
BHD 0.376236
BIF 2894.376594
BMD 1
BND 1.290118
BOB 6.899298
BRL 5.418691
BSD 0.998434
BTN 83.448933
BWP 13.198228
BYN 3.267481
BYR 19600
BZD 2.012526
CAD 1.35775
CDF 2871.000362
CHF 0.849991
CLF 0.033728
CLP 930.650396
CNY 7.051904
CNH 7.043005
COP 4153.983805
CRC 518.051268
CUC 1
CUP 26.5
CVE 98.657898
CZK 22.451404
DJF 177.79269
DKK 6.681604
DOP 59.929316
DZD 132.138863
EGP 48.452557
ERN 15
ETB 115.859974
EUR 0.894904
FJD 2.200804
FKP 0.761559
GBP 0.75061
GEL 2.730391
GGP 0.761559
GHS 15.696327
GIP 0.761559
GMD 68.503851
GNF 8626.135194
GTQ 7.71798
GYD 208.866819
HKD 7.79135
HNL 24.767145
HRK 6.799011
HTG 131.740706
HUF 352.160388
IDR 15160.8
ILS 3.781915
IMP 0.761559
INR 83.48045
IQD 1307.922874
IRR 42092.503816
ISK 136.260386
JEP 0.761559
JMD 156.86485
JOD 0.708504
JPY 143.82504
KES 128.797029
KGS 84.238504
KHR 4054.936698
KMF 441.350384
KPW 899.999433
KRW 1332.490383
KWD 0.30507
KYD 0.832014
KZT 478.691898
LAK 22047.152507
LBP 89409.743659
LKR 304.621304
LRD 199.686843
LSL 17.527759
LTL 2.95274
LVL 0.60489
LYD 4.741198
MAD 9.681206
MDL 17.42227
MGA 4515.724959
MKD 55.129065
MMK 3247.960992
MNT 3397.999955
MOP 8.014495
MRU 39.677896
MUR 45.880378
MVR 15.360378
MWK 1731.132286
MXN 19.414804
MYR 4.205039
MZN 63.850377
NAD 17.527759
NGN 1639.450377
NIO 36.746745
NOK 10.48375
NPR 133.518543
NZD 1.60295
OMR 0.384512
PAB 0.998434
PEN 3.742316
PGK 3.9082
PHP 55.653038
PKR 277.414933
PLN 3.82535
PYG 7789.558449
QAR 3.640048
RON 4.449904
RSD 104.886038
RUB 92.515546
RWF 1345.94909
SAR 3.752452
SBD 8.306937
SCR 13.046124
SDG 601.503676
SEK 10.171204
SGD 1.291304
SHP 0.761559
SLE 22.847303
SLL 20969.494858
SOS 570.572183
SRD 30.205038
STD 20697.981008
SVC 8.736188
SYP 2512.529936
SZL 17.534112
THB 32.927038
TJS 10.61334
TMT 3.5
TND 3.025276
TOP 2.342104
TRY 34.117504
TTD 6.791035
TWD 31.981038
TZS 2725.719143
UAH 41.267749
UGX 3698.832371
UYU 41.256207
UZS 12705.229723
VEF 3622552.534434
VES 36.777762
VND 24605
VUV 118.722009
WST 2.797463
XAF 586.90735
XAG 0.03211
XAU 0.000381
XCD 2.70255
XDR 0.739945
XOF 586.90735
XPF 106.706035
YER 250.325037
ZAR 17.43086
ZMK 9001.203587
ZMW 26.433141
ZWL 321.999592
  • CMSD

    0.0100

    25.02

    +0.04%

  • BCC

    -7.1900

    137.5

    -5.23%

  • SCS

    -0.3900

    12.92

    -3.02%

  • JRI

    -0.0800

    13.32

    -0.6%

  • RBGPF

    58.8300

    58.83

    +100%

  • CMSC

    0.0300

    25.15

    +0.12%

  • NGG

    0.7200

    69.55

    +1.04%

  • RIO

    -1.6100

    63.57

    -2.53%

  • BTI

    -0.1300

    37.44

    -0.35%

  • BCE

    -0.1500

    35.04

    -0.43%

  • GSK

    -0.8200

    40.8

    -2.01%

  • AZN

    -0.5200

    78.38

    -0.66%

  • VOD

    -0.0500

    10.01

    -0.5%

  • RELX

    -0.1400

    47.99

    -0.29%

  • RYCEF

    0.0200

    6.97

    +0.29%

  • BP

    -0.1200

    32.64

    -0.37%

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.

T.Gilbert--TFWP