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Belarus to speed up procedures to obtain NPP loan

MINSK, 28 November (BelTA) – Belarus plans to speed up all the procedures necessary to obtain a loan for the construction of its nuclear power plant (NPP), Deputy Energy Minister Mikhail Mikhadyuk told BelTA learnt.

The official stated that at first the country should conduct all interstate procedures. “Only after that the country will start receiving the funds. We will do our best to conduct these procedures as quickly as possible,” he said. The same procedures should take place in Russia. Therefore, it is early to speak about the exact date of receiving the loan.

Mikhail Mikhadyuk confirmed the plans to launch the construction of the plant in early 2012. He said that Belarusian specialists are working in a close cooperation with Atomstroyexport on the construction schedule. The loan will be issued to serve the NPP construction contract including its infrastructure.

On 25 November Moscow hosted the signing of the agreement according to which Russia would provide Belarus a loan in the amount of $10 billion, which is to be used within 10 years and repaid within 15 years

The Belarusian nuclear power plant will be built at the Ostrovets site in Grodno Oblast. The plant will be based on the NPP-2006 project developed by the Saint Petersburg Atomenergoproyekt Institute. The first power generating unit will be constructed in 2017, the second one will be commissioned in 2018. The construction works will be launched in early 2012. On 11 October Atomstroyexport (Russia), the Rosatom State Corporation, and the NPP Construction Directorate (Belarus) signed a contractual arrangement for the construction of Units No. 1 and No. 2 of the nuclear power plant on the territory of Belarus.

Mikhail Mikhadyuk stated that Belarus is currently working with potential investors on a project to construct a coal-fired plant in Zelva. The project to construct a coal-fired plant in Zelva (approximately 920MW) envisages FDI attraction. The plant will replace 1.68 billion cubic meters of gas per year.