VanEck Vectors Uranium Plus Nuclear Energy ETF (NLR)

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Bangladesh signs $12.65 billion deal with Russia for nuclear power plants

Bangladesh's state-run Atomic Energy Commission signed a deal with Russia on Friday to set up two nuclear power plants, each with 1,200 megawatt capacity, an investment totaling $12.65 billion, a government official said.

Work will begin early next year at Ruppur in Iswardi, 160 km (100 miles) from Dhaka, said Kamrul Islam Bhyian, spokesman for the ministry of science and technology.

"Russia will finance up to 90 percent of the total cost as credit with an interest rate of Libor plus 1.75 percent," Bhyian told Reuters.

Bangladesh will clear the total loan within 28 years with a 10-year grace period.

http://www.reuters.com/article/us-bangladesh-russia-power-idUSKBN0U80TF20151225