Nigeria, Russian firm stake N16trn to build four nuclear plants

21
65

nigeria flag Nigeria has signed an agreement with a Russian firm, Rosatom, to build four nuclear power plants in the country  valued at $80 billion, about N16 trillion.

The power plants which will have a combined capacity of 4,800 megawatts, are expected to come on stream  between 2025 and 2035.

Speaking at a forum in Kenya Tuesday, Mr. Franklin Erepamo Osaisai, Chairman/Chief Executive Officer, Nigeria Atomic Energy Commission, said the building of the nuclear plants would be financed by Rosatom, which will then build, own, operate and transfer the plants to the government and people of Nigeria after a number of years.

NNN.COM.NG is a portal where you can read latest Nigeria News from all Nigeria Newspapers such as such as Punch, Vangaurd, Daily Times, Thisday, Guardian, Nation, Leadership and more in one place. NNN aggregates Naija News and sort them according to their sources, category and relevance as a way of reducing the effort a news reader needs to put in to reading breaking news in Nigeria and across the world.

LEAVE A REPLY