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Russia's AtomStroyExport to supply goods for nuclear plant construction free of VAT

 

Alyaksandr Lukashenka has, by his presidential edict, exempted to Russia's AtomStroyExport from paying value-added tax on equipment and other goods for the construction of Belarus' nuclear power plant.

AtomStroyExport will be able to supply the goods free of VAT between January 1, 2013, and December 31, 2022, through the Nuclear Power Plant Construction Directorate.

The edict applies to 128 products, including pipes, furnaces, boilers, turbines, engines, refrigerators, centrifuges, cranes, wires, and microscopes.

Yury Pustovoy, head of the Minsk office of Russia’s Nizhniy Novgorod-based Atomenergoproyekt, said on October 23 that major work at the construction site of the Belarusian nuclear power plant would begin in November.

According to Mr. Pustovoy, the future plant's two reactors will be built simultaneously.

"Since the general contract says that the first unit should be put into operation in 2018 and the other a year and a half later, the construction of the two reactors will be carried out at the same time," he said.

The construction site is located in the Astravets district, Hrodna region, some 10 miles from the Lithuanian border. The plant’s two reactors are to have a total generating capacity of up to 2,400 megawatts.
AtomStroyExport, a subsidiary company of Russia's Nuclear Energy State Corporation (Rosatom), is to bear full responsibility for the project as the prime contractor. // BelaPAN