During a panel discussion at the annual Powering Africa investors’ summit held in Abuja, Rosatom Regional Vice-President of Sub-Saharan Africa, Viktor Polikarpov noted that in order for Nigeria to achieve a balanced energy mix, the country should consider all available sustainable sources of energy to complement and reinforce each other to form a green square, which will essentially become the base for the world’s future carbon-free energy mix. Footprint 2 Africa reports.
“One needs to consider the so-called energy trilemma when planning an energy mix, this entails balancing economics, security of supply and environmental impact. Only nuclear energy is capable of ticking all three boxes and is able to balance any energy mix. In order to combat the current energy challenge faced by Nigeria, the region needs access to affordable and clean baseload power,” said Polikarpov.
Polikarpov went on to note that investing in nuclear projects stimulates national and regional cash flows toward the budget that often surpass direct investments by a significant margin. Construction of NPPs also creates demand for thousands of locally sourced skilled labour. “Nuclear energy is a clean, sustainable and affordable energy source that has the potential to positively transform not only the Nigerian energy sector but also its economy,” he concluded.