First Belarusian NPP May Cost $675 Mln More Than Expected

The cost of the construction of the Belarusian NPP may increase by $675 million. The corresponding estimate of the revised cost amount was submitted for the consideration to Glavgosexpertiza Russia (Russia’s state assessment authority), the bulletin of the Accounts Chamber of the Russian Federation reports.


The report states that in June 2011 the estimated cost of the construction of the Belarusian NPP was made by the Russian side based on the relevant budget calculations for the Baltic NPP construction. Later the parties negotiated the price according to it.

However, after negotiations in October 2015, the parties decided to re-calculate the construction budget on the basis of a similar project for Leningrad NPP-2.

“The parties agreed to increase the cost of construction of the Belarusian NPP by 8.92 billion Russian rubles in general price level, or by  50.6 billion in Q1 prices (equal to $675 million recalculated according to the average exchange rate in Q1 – note). The revised budget has been submitted to “Glavgosexpertiza Russia” for consideration“, the bulletin reads.

The Belarusian NPP in Ostrovets is built according to the Russian project. The intergovernmental agreement on the construction of the nuclear power plant, signed in 2011, pressuposes cooperation in design, construction and commissioning of the two nuclear power units.

The parties also reviewed the terms of construction. A monitoring showed that in 2015 the general contractor did not ensure the  implementation of construction plan in accordance with the schedule. At a meeting of the operational headquarters in February 2016 it was revealed that the volume of construction in 2015 was performed at 80%, supply of equipment at 90% of the plan.

“The delay is the fault of both Belarusian and Russian construction workers”, the bulletin stresses.

The reasons behind the delay are an insufficient number of construction personnel at the site, the lack of a full-fledged work in two shifts, delayed issuance of working documents by the the general contractor.

It should be recalled that earlier Deputy Prime Minister Vladimir Semashko said that the first unit of the Belarusian NPP will be commissioned in 2019. The initial plan pressuposed that the first unit will be set into operation in 2018, the second – in 2020. The shift  is due to the fact that Belarus decided to replace the reactor vessel because of the incident that took place in summer.

Source: TUT.BY