Header Ads

Russia plans to build nuclear power plants in Nigeria




Russia has signed a deal to build two nuclear power plants in Nigeria, as Africa's largest economy seeks to end its energy crisis. Russian state-owned company Rosatom will build one in the south, the other in the centre, sources at the Nigeria Atomic Energy Commission told the BBC.

The deal's exact worth is unknown, although some reports suggest it is likely in the region of $20bn (£15bn). It is one of a number that Rosatom has been eyeing on the continent.  The company is also involved in discussions in Ghana and South Africa.

An initial agreement with the latter to build a plant was ruled unlawful in a South African court earlier this year. The deal in Nigeria was reached after a long period of negotiation, with the two countries signing their first intergovernmental nuclear co-operation agreement in 2009.

Nigeria hopes the plants, which will initially be operated by Rosatom before they are handed over, will help deal with the country's energy deficit. According to World Bank figures, more than 40% of the country was without mains electricity in 2014.

Nigeria is one of Africa's largest oil producers, but much of its oil wealth has been squandered over the years. Corruption at all levels has left the country out of pocket, and producing a fraction of the energy its 180 million citizens need. Construction of the new power plants is expected to begin in the next two years.


What are your thoughts about this? Share your views with us by using the comment post below.





Want to receive our next updates? Enter your email address:

Designed by iMultiple Digital Media


No comments

We appreciate your comment a lot. You can join our facebook group to stay up-to-date with us.
Have any inquiries, feel free to use the contact page. Thank you.

FOR BLOGGERS
Click To Parse Your Adsense HTML Code
Powered by Blogger.