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Nigeria and Rosatom sign $80bn nuclear deal

14 Apr 2015

Nigeria is in talks with Russia’s Rosatom Corp. to build four nuclear power plants in the country.

The potential deal could cost approximately $80 billion, but will see Africa’s biggest economy build on its electricity capacity as it seeks to add 1,200 MW by the end of the decade.

The agreement with Rosatom covers the design, construction, operation and decommissioning of the facility. This model will then be increased to four nuclear plants with a total capacity of 4,800 MW by 2035.

South Africa, with a third of Nigeria’s population, but eight times more installed capacity, has also signed an agreement with Rosatom, as the nation looks to add 9,600 MW of atomic power.