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Russia’s Rosatom confirms nuclear talks with Nigeria but no deal yet

Russia’s Rosatom confirms nuclear talks with Nigeria but no deal yet

Photo by Bloomberg

17th April 2015

By: Keith Campbell

Creamer Media Senior Deputy Editor

  

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Russian State-owned nuclear group Rosatom has confirmed that it is in talks with Nigeria about the construction of nuclear power plants (NPPs) in that country, but has denied that any agreement has been signed. This follows a recent report in the Nigerian media that the nuclear company was to build four NPPs in the country.

“A week ago Rosatom had a series of meetings with the Coordination Committee of Nigeria that is in charge of implementing [the] nuclear programme re the project of construction of nuclear power plants, but no documents were signed, thus it is too early to comment on or confirm any concrete project details,” stated the group to Engineering News Online. “To date, the parties negotiated within the framework of the intergovernmental agreement signed in June 2012 (agreement on cooperation in the design, construction, operation and decommissioning of nuclear power plants in Nigeria).”

On Wednesday, Nigeria’s Daily Independent newspaper reported that Nigeria had launched a programme to buy four NPPs off Rosatom, with a total generating capacity of 4 800 MW. It stated that the first NPP, with a capacity of 1 200 MW, would start operation in 2025, while the last would be commissioned by 2035. The newspaper cited, as its source, a speech by Nigeria Atomic Energy Commission chairman and CEO Franklin Erepamo Osaisai, delivered at a conference in Kenya.

The newspaper further reported that the NPPs would be built and operated by a partnership between the Russian group and Nigeria, with Rosatom having a majority shareholding. The roles of the partners would be established contractually.

Osaisai was also reported as having said that Rosatom would finance the programme, which would be executed on a build-own-operate-transfer basis. Ultimately, control of the NPPs would be transferred to the Nigerian government.

“A joint coordination committee is in place and negotiations are ongoing for financing and contracting,” the newspaper quoted him as saying. “We are meticulously implementing our plans.”

The journal stated that the nuclear programme would cost about $20-billion per NPP for a total of $80-billion. However, the Bloomberg news agency has reported that the total cost of the programme would be around $20-billion and that each NPP would cost some $5-billion. The Russian news agency TASS also gives a total cost of about $20-billion and an unnamed source in the Russian nuclear industry stated that the Nigerian reporter had probably misunderstood Osaisai’s comments.

TASS also reported that the first meeting of the joint coordinating committee created by the intergovernmental agreement was held early this month, in Moscow. The news agency also affirmed that Nigeria sought to construct four NPPs by 2035. The final cost would, it stated, depend on many factors. Currently, Nigeria has a maximum electricity output of some 3 800 MW. Another 1 500 MW are not available due, ironically, to shortages of gas.

Edited by Creamer Media Reporter

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