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.
