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Nigeria & Russia in nuclear plant development talks

Nigeria & Russia in nuclear plant development talks

The Nigerian government is in talks with Russia’s Rosatom to build up to four nuclear power plants for $20 billion in Africa.
 
Nigeria signed an agreement with Rosatom to cooperate on the design, construction, operation and decommissioning of a power plant in 2012, according to Bloomberg. An additional three nuclear plants are in the works for a total generating capacity of 4,800 MW by 2035. Each plant is expected to cost $5 billion, the article said. The first plant is expected to begin operations by 2025, but no memorandums have been signed about the development of a nuclear plant.
 
Rosatom will reportedly own a majority of the nuclear plant while the country will own the rest. The government will sign a power purchase agreement for the plant, the article said.
 
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