Jonathan-Govt Signs Billions Nuclear Deal With Russian Firm

                          

Russian Firm To Build Nigeria’s $80bn Nuclear Plant – Leadership Newspaper.

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.

“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.”