BELARUS NEWS AND ANALYSIS

DATE:

28/05/2009

Belarus asks Russia for 9-bln-dollar loan to build nuclear plant

MINSK, May 28 (Itar-Tass) - Belarus asks Russia for a nine-billion-dollar loan for the construction of a nuclear power plant, Russian Finance Minister Alexei Kudrin said on Thursday.

"We already have an application from the Belarussian government and we are looking into it," Kudrin said. "In order to make a decision we must make sure that the power plant will be built, that sales markets for its electricity will be determined and that these markets will make it possible to return this credit," Kudrin noted. The prospects of this nuclear power plant are being analyzed.

"The European zone is characteristic of a tough competitiveness in the electric power industry, there are some alternative projects that compete in the price of their produce and the efficiency rate," Kudrin said. "Therefore, it is necessary to think over everything in order to extend a loan," he said.

Source:

http://www.itar-tass.com/eng/level2.html?NewsID=13989884&PageNum=0

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