??????????????????????????????????????????????????????????
HighlightTop Story

Russia’s Putin set to build two nuclear plants in Nigeria

707


Russia state owned energy giant Rosatom  has signed a deal to build two nuclear power plants in Nigeria, as  Nigeria seeks to end its energy crisis.

The deal was reached after a long period of negotiation, with the two countries signing their first intergovernmental nuclear co-operation agreement in 2009.

The federal government hopes the plants, which will initially be operated by Rosatom before they are handed over, will help deal with the country’s energy deficit.

Construction of the new power plants is expected to begin in the next two years

Rosatom will build one in the south, the other in the North central, sources at the Nigeria Atomic Energy Commission said.

The deal’s exact worth is unknown, although some reports suggest it is likely in the region of $20bn (£15bn), according to the BBC.

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.

 

Author

See also  Nigerian wins Commonwealth Young Person of the Year 2019 award

Leave a comment

Related Articles

Breaking: CBN Cuts Interest Rate to 26.5%

Nigeria’s apex bank has lowered its benchmark Monetary Policy Rate by half...

REA Secures ECOWAS Grant, N100bln Lotus Bank Facility to Boost Rural Electrification

By Joycelyn Ellakeche Adah The Rural Electrification Agency (REA) has strengthened its...

Breaking: Egbetokun resigns, AIG Tunji Disu Appointed as New IGP

An acting Inspector-General of Police, has been appointed by President Bola Ahmed...

Breaking: Bayelsa Assembly Confirms Peter Akpe as New Deputy Governor

The Bayelsa State House of Assembly on Tuesday gave expeditious unanimous approval...