Russian Firm To Build Nigeria’s $80bn Nuclear
Plant
Russia’s state-run nuclear group, Rosatom Corp,
has signed a deal with Nigerian authorities to
build power plants in the country.
Up to four nuclear facilities costing $20 billion
each would be designed and constructed by the
Russian corporation.
The agreement aims to add 1,200 megawatts
(mws) of capacity to the country’s electrical grid
by 2020, and a further 4,800mws by 2035 as the
nation seeks to boost generation and end daily
blackouts
The Nigeria Atomic Energy Commission chairman
and chief executive officer, Franklin Erepamo
Osaisai, told Bloomberg in an interview yesterday
in Kenya’s Kwale coastal region that a joint
committee has been established in order to
facilitate the process with advanced negotiations,
financing and planning still underway. According
to him, the roles of each stakeholder would be
assigned contractually as owners of the majority
share, Rosatom, would take the lead in terms of
operations.
“Rosatom will hold a majority, controlling stake in
Nigeria’s nuclear facility while the rest will be
owned by the country, with roles to be specified
in contracts. The government will enter a power-
purchasing agreement for the nuclear plant.”
The plants will be financed by Rosatom, which
will then build, own, operate and transfer them to
the government,” he said.
Fossil fuels dominate the current energy mix in
Nigeria, although oil production and supply is
frequently disrupted, while a lack of infrastructure
hinders the monetisation of natural gas.
(Leadership)

That megawatt no go do. too small.

1200?? Thats crap haba Gej atleast 12000 will be worth it.

Good move but Nigerians have tired of 2,000, or 10,000megawatts added without improvement since 16years ago.

they should just site the plant in Daura.