Russian nuclear company Rosatom ready to build NPPs for Africa

Russian nuclear company Rosatom ready to build NPPs for Africa
South Africa has expressed its interest in building a floating NPP with Rosatom’s help / bne IntelliNews
By Elena Kachkova in Johannesburg February 29, 2024

Russian state-owned nuclear corporation Rosatom has received applications from several African countries for the construction of new nuclear power plants (NPPs), according to the company’s CEO Alexei Likhachev.

South Africa has expressed its interest in building a floating NPP with Rosatom’s help, Likhachev told the State Duma, as reported by Interfax. The nuclear corporation is also in the final stages of negotiations for the construction of a mini-hydropower station in another African country, he said.

During African Energy Week in Cape Town in October last year, Rosatom expressed its readiness to participate in African energy projects, Russian state media agency TASS reported at the time.

At the conference, it was noted that Africa had enormous potential for developing nuclear energy and Russia could play a key role in bringing reliable power to a continent where more than 600mn people do not have access to electricity.

South Africa is the only country with an operating NPP in Africa. Rosatom is currently building an NPP in Egypt. Ghana, Kenya, Morocco, Tunisia and Uganda have also expressed their interest in NPPs, according to TASS.

Three African countries are currently mining uranium in industrial quantities: Namibia, Niger and South Africa, which account for 18% of the global uranium ore sales market, the news agency writes. 

Related Articles

Atlantic Lithium approved to list on Ghana Stock Exchange (GSE)

Atlantic Lithium Ltd., an African-focused lithium exploration and development company targeting to deliver Ghana's first lithium mine, has been approved to list on the Ghana Stock Exchange (GSE), ... more

Uncut diamond giant Alrosa must sell stake in Angola's Catoca, Russian deputy FM says

Russian uncut diamond major Alrosa will have to sell its stake in Angola's Catoca diamond mining company owing to the latter's concerns about the prospects for collaborating with the sanctioned ... more

Mauritania taps German tech firm G+D to design its central bank digital currency (CBDC)

Mauritania has partnered with German tech company Giesecke+Devrient (G+D) to design its central bank digital currency (CBDC) but has not committed to developing or rolling it out, CoinGeek reports. ... more

Dismiss