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Bangladesh is to make its payments to Russia for the Rooppur nuclear power plant construction in Chinese yuan as a result of sanctions stopping payments in US dollars.

Date: Wednesday, 19 April 2023
Original article: world-nuclear-news.org/Articles/Rooppur-Bangladesh-paying-Russia-in-yuan-to-sidest

A major effort to develop and deploy clean energy technologies worldwide is urgently needed to meet international energy and climate goals, particularly in order to reduce carbon emissions from areas beyond the power sector such as transport, buildings and industry, according to a new International Energy Agency report released today. Meanwhile, the Paris-based agency's chief economist, Laszlo Varro, told participants in World Nuclear Association’s Strategic eForum 2020 yesterday that nuclear power "makes the energy transition more cost-effective and more energy secure".

Date: Friday, 11 September 2020
Original article: world-nuclear-news.org/Articles/Urgent-need-for-nuclear-in-global-energy-transitio

The Russian government on 22 June approved a draft protocol restructuring the 2011 Belarusian-Russian intergovernmental agreement on the provision of state export credit to Belarus for the construction of a nuclear power at Ostravets.

Date: Friday, 26 June 2020
Original article: neimagazine.com/news/newsrussia-restructures-loan-for-belarus-nuclear-power-plant-7994260

Government appears to favour ‘Boot’ model alread used by Russia Koeberg, near Cape Town, is the only commercial nuclear power station in South Africa. The Nuclear Industry Association of South Africa (Niasa) has proposed six possible funding options for new nuclear, but government officials have suggested the most likely is a “build, own, operate and transfer” (Boot) model similar to that used by Russia for project including Akkuyu in Turkey.

Niasa told Engineering News that the very high proportion of the cost of energy that comes from the repayment of capital means interest rates will be fundamental to the viability of any new nuclear project in South Africa.

The association said real interest rates – which are adjusted for inflation – on state debt could be in the range of 2% to 3%, while real interest rates on high risk equity finance could vary from 10% to 15%. It said this explains why some new nuclear projects such as state-supported projects in China could be very competitive while others, such as the private equity funded Hinkley Point C in the UK, needed some kind of state guarantee such as long-term power purchase agreements.

Niasa identified six financing options that could be used to fund a new nuclear programme. The first was state funding for the entire project or state provided sovereign loan guarantees using reserves and cash flows from state-owned companies, as was the case with the United Arab Emirates’ Barakah project.

Date: Wednesday, 20 May 2020
Original article: nucnet.org/news/industry-association-proposes-financing-options-for-new-build-5-2-2020

Bulgaria is seeking private investors to build the Belene NPP, which was cancelled in 2012, Prime Minister Boiko Borisov said on 11 May during a phone call with Russian President Vladimir Putin, Reuters reported. Bulgaria cancelled the project after failing to find foreign investors and under pressure from Brussels and Washington to limit its energy dependence on Russia. Since then Bulgaria has opened a gas link with Romania and is working to connect its gas network with Greece, Turkey and Serbia to diversify its suppliers.

Date: Monday, 15 May 2017
Original article: neimagazine.com/news/newsbulgarias-belene-project-refuses-to-die-5813589