GE, Nigeria to build nuclear power plant

GE (NYSE: GE) and Nigeria’s Geometric Power will jointly build a 1,080-MW nuclear power plant in the African nation.
The first 500-MW phase is expected to be completed in 2019 at a cost of $800 million, according to Reuters. Geometric Power has also been in talks with Chinese, European and U.S. investors and expects to close on financial deals by the end of the year, with construction expected to start early 2015, the article said. Nigeria is also reportedly in talks with Rosatom to build nuclear power plants.
Nigeria has installed power capacity between 6,000 and 7,000 MW, and experiences severe electricity shortages. The new nuclear plant is expected to help curb some of the shortages.
Subscribe to Nuclear Power International magazine

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...