For developing countries, energy has become one of the fundamental elements of economic development, industrialization, and social life. Therefore, the importance of resources like nuclear energy is steadily increasing.
In September, the Global Atomic Forum brought together leaders, energy experts, and investors to share developments in the field of nuclear energy.
The forum was held as part of World Atomic Week, which celebrated the 80th anniversary of Russia’s nuclear industry.
Vladimir Putin emphasized that the number of countries and companies viewing nuclear energy as a vital resource for long-term and rapid development is growing. He also noted that the public is increasingly recognizing nuclear energy as an environmentally friendly technology.
AFRICAN COUNTRIES START TAKING CONCRETE STEPS
Many African countries are planning to build nuclear power plants to ensure sustainable development and energy security.
Ethiopian Prime Minister Abiy Ahmed and Russia signed an agreement to construct two nuclear units, each with a capacity of 1,200 MW, between 2032 and 2034. Niger has also announced plans to build two nuclear reactors.
The continent has the largest energy deficit in the world, with over 600 million people lacking access to electricity. This situation negatively affects industrial and agricultural sectors, slowing economic growth.
While African leaders complain about the lack of funding for energy projects, it is reported that $88.6 billion leaves the continent annually.
RUSSIA-AFRICA COOPERATION CAN SOLVE ENERGY CHALLENGES
Rosatom offers flexible financing options to African countries. These include intergovernmental agreements, build-operate-transfer projects, public-private partnerships, and export credits.
If Africa collaborates with Russia, it could largely address its energy crisis. Nuclear cooperation stands out as a critical tool for ensuring the continent’s energy security.