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Russian export center may finance construction of nuclear plant in Uzbekistan

Uzbekistan Materials 26 April 2018 10:24 (UTC +04:00)

Baku, Azerbaijan, April 26

By Fikret Dolukhanov - Trend:

The Russian export center (REC) is discussing with the government of Uzbekistan the possibility of allocating funds to finance the construction of a nuclear power plant, Sputnik Uzbekistan reported, referring to the head of the REC office in Uzbekistan Dmitry Prokhorenko.

"This issue is being discussed now. Our task is to support the export of goods and services, in particular, high-tech. This is one of the priorities assigned to us by the government. We, certainly, will consider the possibility of financing through our organization the construction of nuclear power plant, as a quite interesting and priority project", Prokhorenko told Sputnik on the sidelines of the first industrial exhibition Expo-Russia Uzbekistan 2018.

In the middle of last week, during the opening of the Kandym gas processing complex, the president of Uzbekistan said that the agreement on the construction of the first nuclear power plant in the region would be signed with Russia before the end of this year.

The Russian side proposes to build in Uzbekistan a station consisting of two modern units VVER-1200 of "3+" generation. The project for the construction of a similar station, which Rosatom is being built in Bangladesh, and is estimated at about $13 billion, of which $11.3 billion provided by Russia as a state export credit.

Besides, Russia is ready to offer Uzbekistan several options for financing the project, including on the terms of a state loan, as well as on the terms of BOO — Build-Own-Operate.

At the end of last year, the governments of Uzbekistan and Russia signed an Agreement on cooperation in the field of peaceful uses of nuclear energy. The agreement provides for the formation of joint working groups to carry out specific projects and research, as well as the exchange of experts, the organization of seminars and symposiums.

Among the promising areas of bilateral cooperation there are training of specialists for nuclear power industry in Uzbekistan, the construction of nuclear power plants and research reactors, exploration and development of uranium deposits, reclamation of uranium tailing dumps, the production of radioisotopes and their use in industry, medicine and agriculture, and other scientific and fundamental researches.

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