Sri Lanka this week reached a deal with Russian nuclear giant Rosatam to build a nuclear power plant that may run two reactors and generate 300 megawatts of energy, the Sri Lankan ambassador in Russia said.
The ambassador said that having its own power plant would allow the Indian Ocean island nation to overcome the energy crisis.
Reports in the Russian media stated that Moscow will speed up the approval process to begin the construction in the near future.
Russia is also building Bangladesh its first nuclear power plant, named Rooppur Nuclear Power Plant. It is located on the bank of the Padma river about 160 km from capital Dhaka. With its first nuclear plant, Dhaka, like Colombo hopes to reduce its dependence on coal and other fossil fuels.
India too is a stakeholder in the R-NPP making the project the first Indo-Russian nuclear project outside India.
So far, it is not clear if India would have any stakes in the proposed nuclear plant in Sri Lanka.