Daewoo ready to fund nuclear power plant in Bangladesh
Tuesday, 26 June 2007
FE Report
The South Korean company -- Daewoo Engineering -- has expressed its willingness to provide fund and technology to Bangladesh for setting up a nuclear power plant.
The South Korean company, that has extensive experiences in installing nuclear power plant in many countries across the globe, placed the proposal to the Ministry of Science, Information and Communication Technology (MoSICT) about a month ago, a senior official of the ministry told the FE Monday.
He said as per the proposal, the Daewoo Engineering will provide 70 per cent of the total cost for installing the nuclear power plant in Bangladesh apart from supplying the required technology.
Sources said currently South Korea meets 45 per cent of its electricity needs from nuclear power and the share would continue to rise.
South Korea has so far developed 1000 megawatt (MW) Korean Standard Nuclear Power Plant.
The installation cost of a nuclear power plant is around US$ 1.5 million per megawatt (MW) whereas it is $1.0 million for one MW gas-fired combined cycle power plant, a senior Power Division official told the FE.
Energy and Power Adviser Tapan Chowdhury Sunday said the International Atomic Energy Agency (IAEA) has decided to allow Bangladesh among seven other developing countries to install nuclear power plants.
He, however, did not elaborate the issue to the newsmen and refrained commenting on whether Bangladesh will install a nuclear reactor soon or consider it later.
A two-member IAEA delegation is now visiting Bangladesh to carry out a study to explore the country's nuclear power prospects.
The IAEA delegation is also attending in a three-day dialogue session with the Bangladesh Atomic Energy Commission (BAEC).
Sources from the Ministry of Power, Energy and Mineral Resources (MPEMR) said the IAEA delegation members will meet energy and power adviser today (Tuesday) at the latter's office in the secretariat to discuss on the issue.
The MoSICT, however, held a meeting in the secretariat Monday with the MoSICT Secretary in the chair.
The BAEC Chairman, senior government officials of the MoSICT and nuclear energy experts took part in Monday's meeting.
Both the MoSICT Secretary and the BAEC Chairman refused to talk with journalists on the proposal for setting up a nuclear power plant.
The South Korean company -- Daewoo Engineering -- has expressed its willingness to provide fund and technology to Bangladesh for setting up a nuclear power plant.
The South Korean company, that has extensive experiences in installing nuclear power plant in many countries across the globe, placed the proposal to the Ministry of Science, Information and Communication Technology (MoSICT) about a month ago, a senior official of the ministry told the FE Monday.
He said as per the proposal, the Daewoo Engineering will provide 70 per cent of the total cost for installing the nuclear power plant in Bangladesh apart from supplying the required technology.
Sources said currently South Korea meets 45 per cent of its electricity needs from nuclear power and the share would continue to rise.
South Korea has so far developed 1000 megawatt (MW) Korean Standard Nuclear Power Plant.
The installation cost of a nuclear power plant is around US$ 1.5 million per megawatt (MW) whereas it is $1.0 million for one MW gas-fired combined cycle power plant, a senior Power Division official told the FE.
Energy and Power Adviser Tapan Chowdhury Sunday said the International Atomic Energy Agency (IAEA) has decided to allow Bangladesh among seven other developing countries to install nuclear power plants.
He, however, did not elaborate the issue to the newsmen and refrained commenting on whether Bangladesh will install a nuclear reactor soon or consider it later.
A two-member IAEA delegation is now visiting Bangladesh to carry out a study to explore the country's nuclear power prospects.
The IAEA delegation is also attending in a three-day dialogue session with the Bangladesh Atomic Energy Commission (BAEC).
Sources from the Ministry of Power, Energy and Mineral Resources (MPEMR) said the IAEA delegation members will meet energy and power adviser today (Tuesday) at the latter's office in the secretariat to discuss on the issue.
The MoSICT, however, held a meeting in the secretariat Monday with the MoSICT Secretary in the chair.
The BAEC Chairman, senior government officials of the MoSICT and nuclear energy experts took part in Monday's meeting.
Both the MoSICT Secretary and the BAEC Chairman refused to talk with journalists on the proposal for setting up a nuclear power plant.