The Bangladesh Government has given approval for a deal with Russia to build a 1,000MW nuclear power plant, officials have announced.

“The approval was accorded at a cabinet meeting chaired by Prime Minister Sheikh Hasina late on Monday,” Hasina’s press secretary Abul Kalam Azad told Reuters.

It is not yet known when the deal will be signed.

Bangladesh plans to set up the nuclear power plants at Rooppur, 200km (125 miles) northwest of the capital Dhaka, to stave off growing power shortages.

The plant is expected to cost up to $2bn and to begin generating electricity by 2014, the ministry of power, energy and mineral resources said, according to Reuters.