The BRICS New Development Bank has agreed to finance some of Rosatom’s energy projects, the company’s CEO has revealed
© Sputnik/Aleksej Bashkirov
Russia and Ethiopia have signed a road map on nuclear energy cooperation, the head of Russian atomic energy major Rosatom, Aleksey Likhachyov, announced on Friday at the Russia-Africa Summit in St. Petersburg.
The agreement outlines steps the countries will take in 2023-2025 “to explore the possibilities of building a nuclear power plant of large or small capacity, as well as a nuclear science and technology center in Ethiopia,” the company said in a statement.
The Ethiopian delegation in St. Petersburg discussed nuclear cooperation with representatives of Rosatom and agreed to cooperate on developing the country’s nuclear industry, organize technical tours and seminars, and arrange meetings for specialized working groups.
Likhachyov also revealed that the BRICS New Development Bank will finance certain Rosatom projects, such as the construction of medical centers and small-capacity nuclear power plants.
“We have held large-scale talks with the BRICS New Development Bank and the president of the bank for the first time. Agreements were reached on financing certain projects in BRICS countries,” he said.
Russia is pushing towards wider nuclear cooperation with African countries and is progressing rapidly as a growing number of states have been working on the establishment of nuclear infrastructure over the past decade, according to Ryan Collier, CEO of Rosatom Central and South Africa.