Bangladesh celebrated a major turning point in its energy history when the first shipment of uranium for its nuclear power plant, supported by Russia, arrived. The $12.65 billion initiative intends to fortify the country’s electricity grid, which is beset by frequent blackouts. 90% of the project’s cost is being financed by a loan from Moscow, demonstrating the tight ties between Bangladesh and Russia.
Rooppur Nuclear Plant
- In Rooppur hamlet, west of Dhaka, construction on the Rooppur nuclear facility started in 2017.
- It consists of two 1,200-megawatt units, the first of which is scheduled to start operating this year and the second of which is anticipated to reach full operation by 2025.
- When it is completely operational, it will have the biggest production capacity of any power plant in Bangladesh.
Bangladesh’s Pursuit of Moscow’s Friendship
- Difficulties with Loan Repayment: In the past, US sanctions against Russian organizations, such as the state nuclear agency Rosatom, have caused construction to be delayed since Bangladesh was unable to repay loans in US dollars.
- Chinese Yuan Payment: In order to get around the penalties, Bangladesh pledged in April to pay more than $300 million in Chinese Yuan. However, these payments have not yet been made.
Bangladesh’s Energy Imperatives
- Overcoming Energy Challenges: Millions of people in Bangladesh are impacted by daily power outages that can last up to 13 hours due to the country’s acute energy crisis.
- Reducing Fossil Fuel Dependency: By utilizing nuclear energy and other cleaner sources, the nation hopes to lessen its reliance on fossil fuels.
- Mitigation of Climate Change: Bangladesh outlines its plans to use nuclear energy as part of its plan to fight climate change and drastically cut carbon emissions by 2030.
Challenges and Concerns
- Safety and Waste Management: The threats to public health and safety as well as the management of radioactive waste from nuclear energy plants continue to be concerns.
- Time-consuming Construction: While renewable energy sources can be deployed more quickly, nuclear facilities require several years to build.
- Energy Mix: To ensure a sustainable energy future, the country’s energy journey combines economics, diplomacy, and environmental concerns in a nuanced manner.
