Russia has signed agreements with Nigeria to build and operate a nuclear power plant in the oil-rich West African nation that has a deficit of reliable power.

Feasibility studies for the plant and a research center construction will include site screening, capacity, financing, and time frames of the projects, state-owned Russian nuclear company Rosatom said in an emailed statement, according to Bloomberg.

Representatives from the firm and the Nigeria Atomic Energy Commission signed the deal.

The nations in 2009 signed an intergovernmental agreement on cooperation in the field of the peaceful usage of nuclear technologies. Nigeria in 2015 was in talks with Rosatom to build as many as four nuclear power plants costing about $20 billion, the Nigeria Atomic Energy Commission said at the time.

Source: http://www.businessamlive.com/russia-signs-nuclear-power-plant-deal-nigeria/

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