Key facts
- The Rooppur nuclear power plant in Bangladesh is nearing completion, with the first reactor expected operational by 2027.
- The project's total cost is estimated at $12.65 billion, including initial fuel supply.
- The Bangladeshi taka has significantly depreciated since the project's inception, increasing its cost.
- Bangladesh plans to focus on small modular reactors for future energy projects after Rooppur is operational.
- Nuclear power is gaining global traction as a solution to energy security and decarbonization needs.
As global energy demand surges and concerns over affordability, sustainability, and security intensify, nuclear power is re-emerging as a critical energy solution. While historically dominated by wealthier nations, a significant shift is underway with most new nuclear reactors being built in emerging economies. These nations are turning to nuclear to decarbonize their grids, reduce reliance on intermittent renewables, and decrease dependence on volatile fossil fuel imports.
Bangladesh is a prime example of this trend, constructing its first nuclear power plant, the Rooppur facility, with assistance from Russia's Rosatom. Upon completion in 2028, it is expected to supply up to 15% of the country's electricity, with the first reactor operational by 2027. However, the project faces substantial financial headwinds. The depreciating Bangladeshi taka has driven the cost to an estimated $12.65 billion, making it a significant financial burden for the nation.
Despite assurances from operators about the long-term cost-effectiveness of nuclear power, Bangladeshi officials have indicated that they will not pursue further large-scale nuclear projects after Rooppur. Instead, their focus will shift to small modular reactors, which offer lower price tags and shorter development timelines. The success or failure of the Rooppur project will be closely watched by other emerging economies considering similar nuclear ventures.