Russia provides $10bn credit for nuclear power plant construction in Belarus

(Energy Business Review, London, 6 October 2014) The Russian government has approved $10bn credit to Belarus for the construction of a nuclear power plant (NPP) in Belarus... "The Russian side will provide the Belorussian side a state export credit of up to $10 billion to finance the cost of every contract ... on supply of goods, works done and services delivered ... by a Russian organization responsible for the construction of two energetic blocks [nuclear reactors] in Belarus." The project was initiated by Belarus in the 1980s, but was put on hold following the Chernobyl nuclear disaster in 1986 in Ukraine. Additionally, concerns over the project were also raised by Belarusian opposition and environmental activists. These concerns became widespread following the March 2011 disaster at Fukushima nuclear power station in Japan. The new nuclear power plant will also feature advanced technology to ensure accident-free operations.