00:23 GMT +321 October 2019
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    Kudankulam nuclear power plant, India.

    Russia to Loan India for 3rd Stage of Kudankulam NPP Construction - Minister

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    Russia will further provide India with a state loan for the construction of the Kudankulam nuclear power plant NPP, Finance Minister Anton Siluanov said Thursday.

    STRELNA (outside St. Petersburg) (Sputnik) — Russia will provide India with a state loan for the construction of the fifth and sixth units of the Kudankulam nuclear power plant (NPP) in the amount of $4.2 billion for a period of 10 years, Finance Minister Anton Siluanov said Thursday.

    "It will be $4.2 billion. Starting next year [2018] for next 10 years," Siluanov told reporters on the sidelines of the St. Petersburg International Business Forum (SPIEF).

    SPIEF, a major global platform for communication between business representatives and discussion of crucial economic issues, kicked off in Russia’s St. Petersburg on Thursday and will continue through Saturday. Sputnik News Agency is the official media partner of the forum.

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    Tags:
    loan, Kudankulam nuclear power station, Nuclear Proliferation Prevention Project (NPPP), Anton Siluanov, India, Russia
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