Minsk has approved the draft amendments to the agreement on the loan for NPP
President of Belarus Alexander Lukashenko signed a decree approved the draft Protocol on amendments to the agreement with Russia on granting a loan for the construction of the Belarusian nuclear power plant as a basis for negotiations, says the document published Saturday on the National legal Internet portal.
"To approve the draft Protocol on amendments to agreement between the government of the Republic of Belarus and the government of the Russian Federation about provision to the government of the Republic of Belarus state export credit for the construction of a nuclear power plant on the territory of the Republic of Belarus of 25 November 2011 as the basis for negotiations", - stated in the decree. The draft Protocol will not be published.
The decree authorized the government of the Republic to hold talks on the draft Protocol, allowing, if necessary, make amendments that are not of a fundamental character. In addition, the government is mandated to sign the Protocol in achieving agreement within the approved draft.
By another presidential decree, Lukashenko approved the draft Protocol on amending the intergovernmental agreement with Russia on cooperation in the construction of the Belarusian NPP on 15 March 2011 as the basis for negotiations. The document also authorized the government on the negotiation and signing of the document, and also instructed to provisionally apply the Protocol on the expiry of 30 days from the date of its signature until its entry into force.
Twenty-sixth June, Prime Minister of Belarus Roman Golovchenko and Chairman of the Cabinet of the Russian Federation Mikhail Mishustin held a telephone conversation during which, according to the press service of the Belarusian government noted the positive dynamics of implementation of the earlier reached agreements, including on changing the conditions of the Russian loan for the construction of the Belarusian NPP. It was noted that all necessary decisions have been taken and we are now completing domestic procedures.
In mid-may, Deputy energy Minister of Belarus Mikhail Mikhadyuk said that Belarus is discussing with Moscow the adjustment of conditions of the Russian loan for the construction of the Belarusian nuclear power plant and understanding from the Russian side is, and the documents are currently undergoing approval. Before that, in February, Belarusian President Alexander Lukashenko said that the country may impose against the Russian Federation large fines for failure of terms of commissioning of the NPP, if Moscow will not accept suggestions of Minsk about the rate reduction credit of approximately up to 3% and delayed its payment. The Russian side Minsk loan covering 90% of the value of the contract for construction of the station in the amount of $ 10 billion. The credit line is open until 2035. Under current conditions, loan repayment must begin six months after you enter the NPP in operation, but not later than April 1, 2021.
A refund is provided in thirty equal installments every six months. 50% of the amount of accrued interest at the rate of 5.23% per annum. The remaining 50% of accrued interest at the LIBOR rate for six-month deposits in dollars plus a margin of 1.83% per annum.
The NPP with two WWER-1200 reactors with a total capacity of 2,400 MW is being built in Ostrovets (Grodno oblast). For the country's first nuclear power plant in the Russian project generation 3 , which fully meets international norms and IAEA recommendations on safety. The Ministry of energy of Belarus reported that the start-up of the reactor plant of power unit No. 1 of the Belarusian NPP is scheduled for July of this year, the issuance of a unit of electricity to the network in September-October. However, in late June, the Belarusian Ambassador in Russia Vladimir Semashko said that loading of fuel into the first reactor of the Belarusian NPP will start in August. The commissioning of the second unit is scheduled in 2021.