Russia has agreed to change the terms of lending BelAES

The Russian government agreed on a draft protocol, according to which amendments were made to the Belarusian-Russian intergovernmental agreement in 2011 on granting Belarus a state export loan for the construction of a nuclear power plant. It is reported by BelTA.

According to the document, it is planned to extend the period of use of the loan by two years – until the end of 2022 and establish a fixed interest rate on the loan in the amount of 3.3% per annum.

The start date for repayment of the principal debt of the loan is transferred from April 1, 2021 to April 1, 2023.

The Government of the Russian Federation instructed the Ministry of Finance, together with the Foreign Ministry and other departments, to negotiate with Belarus and, upon reaching an agreement, sign a protocol on behalf of the Government of the Russian Federation.

It was previously reported that an outbreak of Covid-19 was recorded at the BelNPP construction site.

Tags: contracts, NPP, legislation, electricity, Top management, ETL, RF, electricity market, foreign affairs, monopoly, investments, price, agreement, infrastructure, energy sector, electricity transmission, Belarus, nuclear power plant, power unit, generation, economy, market, power grid, electricity consumption

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