South Korea has expressed readiness to provide financial and technological assistance to Bangladesh for setting up a nuclear power plant to meet the growing demand for electricity.
"We're waiting for appropriate response from the Bangladeshi government to the proposals we have already made," South Korean Ambassador to Bangladesh Suk-Bum Park was quoted by Bangladeshi private news agency UNB as saying here Tuesday.
He said Bangladesh is now having a good momentum to realize economic benefits and "we want to share know-how, experience, capitals and other resources for mutual benefit and development."
Asked whether Seoul would provide finance or technology for the proposed nuclear power plant project, Ambassador Park said: "We're flexible and we are also following the international practices in terms of financing."
The Ambassador said it would cost over one billion U.S. dollars to set up a nuclear power plant of 1000 MW.
He said if South Korean company Daewoo Engineering is designated for setting up the nuclear power plant, it would form a consortium with other leading Korean companies.
Daewoo, having experiences in installing nuclear power plants in many countries, already placed a proposal to Bangladeshi Ministry of Science, Information and Technology, he said.
As per the proposal, Daewoo will provide 70 percent of the total cost of the installation of nuclear power plants in Bangladesh.
International Atomic Energy Agency earlier gave green signal to Bangladesh to move ahead with its plan for peaceful use of nuclear energy.
Source: Xinhua
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