The Federal Government of Nigeria, through the Nigeria Atomic Energy Commission (NAEC), has selected two sites for the potential construction of two 2,400 MW nuclear power plants. A plant could be built at Geregu in Kogi State, while the other would be built in Itu in Akwa Ibom State.
In April 2015, the NAEC and Russian nuclear group Rosatom started talks to build four reactors with a combined capacity of 4,800 MW for a total cost of US$20bn (about N3,900bn). The reactors would be co-financed by Rosatom, which would then build, own, operate and transfer (BOOT) them to the government.
Nigeria, whose electricity consumption doubled between 2002 and 2012, has no nuclear capacity (a 30 kW research reactor was commissioned in 2004) and currently relies on gas to fuel its power capacity. The country is considering developing nuclear reactors, whose costs would range between US$5bn and US$8bn per reactor.
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