The first is financial. The construction cost of a new nuclear plant typically stands at about US$5 billion per 1,000MW. The cost of a 2,000MW build in Uganda would be of the order of that country’s annual total tax revenue. As such, the project would rely on massive loans, which also come with considerable interest. The second is the risk of complete political and economic dependence on the nuclear build sponsor country. France, South Korea and China are building a small number of nuclear plants outside their borders. China is now part of the Ugandan nuclear project. But the country that has been by far most aggressive in promoting itself as an international nuclear plant developer is Russia. In 2019 it had already secured nuclear cooperation agreements with 18 African countries, with several more concluded more recently.
There are Some Concerns about New Nuclear Power in East Africa
- AFRICA TOP 10
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