South Africa has agreed to a strategic partnership with Russia, worth $50-billion, to significantly increase its nuclear power generation capacity
Russia’s Rosatom State Atomic Energy Corporation said on Monday it will provide up to eight nuclear reactors to South Africa by 2023, in a $50-billion strategic partnership between the two countries.
The delivery of the reactors will enable the foundation of the first nuclear power plant based on Russian technology on the African continent, the Rosatom agency said in a statement.
Rosatom director general Sergey Kirienko estimated the value of the deal at around $50-billion, given that one reactor costs around $5 billion, according to the Itar-Tass news agency.
The inter-governmental agreement, signed in Vienna on the margins of the International Atomic Energy Agency conference, also calls for Russia to help build infrastructure in South Africa and to train African specialists at Russian universities.
Rosatom will create thousands of jobs in South Africa as part of the deal which will be worth “at least $10-billion” to local industry, Kirienko said in a statement.
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