Kenya is planning to spend $5 billion by 2021 to build its first nuclear power plant, Bloomberg reported on Wednesday.
The reason for this 1GW-sized plant is that an unreliable power supply structure and high costs for energy are believed to be a deterrent for foreign investments, given the predominance of this country in Eastern Africa. The completion of this plant is planned for 2027, and it will increase by nearly 50% the entire current energy production of Kenya, and the project is to increase it by three folds within 2020.
Kenya and South Korea signed agreements to collaborate on designing, constructing and operating nuclear reactors when the African nation’s energy secretary, Charles Keter, visited the Asian country in September. Kenya is seeking to build a 4,000-megawatt facility by 2033.
