BELARUS NEWS AND ANALYSIS

DATE:

31/03/2010

Russia, Belarus At Odds Over Nuclear Plant Cost - Prime-Tass

MOSCOW -(Dow Jones)- Russia and Belarus are at odds over the cost of a Belarusian nuclear power plant project, Alexander Surikov, Russia's ambassador to Belarus, said at a news conference Wednesday, according to the Prime-Tass news agency.

He said Russia was insisting the cost be similar to the cost of Russian nuclear plants.

Russian engineering company Atomstroyexport is expected to be the general contractor for the plant. The plant's first unit is scheduled to launch in 2016, and the second unit is scheduled to launch in 2018.

Last year the Belarussian government requested a $9 billion loan from Russia for the construction of the plant. However, Atomstroyexport said then construction of a power plant without associated infrastructure could cost less than $9 billion.

Source:

http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201003311214dowjonesdjonline000556&title=russiabelarus-at-odds-over-nuclear-plant-cost-prime-tass


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