MegaBanner-Right

MegaBanner-Left

LeaderBoad-Right

LeaderBoard-Left

Home » Industry News » Rosatom signs deal to build South African nuclear plant

Rosatom signs deal to build South African nuclear plant

Rosatom is to construct a nuclear power plant and research centre in Nigeria.

“The development of nuclear technologies will allow Nigeria to strengthen its position as one of the leading countries of the African continent,” Anton Moskvin, Rosatom’s vice president for overseas marketing and business development, said in a statement on the company’s website.

A broad nuclear cooperation agreement had been signed by the government and Rosatom in 2009, as South Africa attempts to modernise its power infrastructure. The country has been plagued by blackouts over the past decade, affecting the economy.

Moskvin signed the latest agreements with Simon Mallam, chairman of Nigeria’s Atomic Energy Commission, on the sidelines of a nuclear conference in Abu Dhabi.

Feasibility studies for the new nuclear power plant include site screening and financing schemes, Moskvin said.

Rosatom, South Korea’s Kepco, France’s EDF and Areva, Toshiba-owned Westinghouse and China’s CGN are competing for South Africa’s project, which could be worth tens of billions of dollars to develop up to 9,600 MW, should it get the green light.

South Africa’s environmental department has also granted authorization to state-owned power utility Eskom to build a new 4,000 MW nuclear power plant in the Western Cape province, Reuters reported in mid-October.


 

Source

PEI

To enquire about Cape Business News' digital marketing options please contact sales@cbn.co.za

Related articles

E-bike delivery service targets 50 000 new jobs across SA

By Larry Claasen CRAIG Atkinson, a serial entrepreneur, first became aware of e-bikes and their potential for an e-bike delivery service while on a trip...

CT Power forklifts – Solutions for every industry

IN South Africa’s fast-paced and diverse industrial landscape, the right equipment can make all the difference. From logistics hubs to farms , forklifts play...

MUST READ

Why AI is both a risk and a priority defence tool

Cyber security in the age of AI is a key topic for the forthcoming ITWeb Security Summit, to be held in Cape Town and...

RECOMMENDED

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.