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France joins the throng jostling to market nuclear power to Kenya

flag-franceFrance joins suitors for Kenya’s nuclear plant venture, Business Daily Africa,  NEVILLE OTUKI, notuki@ke.nationmedia.com    February 7   2017 IN SUMMARY French Economy and Finance minister Michel Sapin said the nuclear-rich European country was looking to offer Kenya technical, engineering and financial support to develop reactors.
Kenya plans to start building its first nuclear plant from 2022 in a five-year period at a cost of about Sh500 billion
China, Russia, South Korea and Slovakia have since inked various pacts with Kenya in manpower development and skills exchange as they eye a possible deal.

France has joined the list of countries courting Kenya for a multi-billion-dollar deal to build East Africa’s first nuclear power plant.

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French Economy and Finance minister Michel Sapin said the nuclear-rich European country was looking to offer Kenya technical, engineering and financial support to develop reactors.

Kenya plans to start building its first nuclear plant from 2022 in a five-year period at a cost of about Sh500 billion.

China, Russia, South Korea and Slovakia have since inked various pacts with Kenya in manpower development and skills exchange as they eye a possible deal.

“We have expressed our readiness to support the construction of the plants. Our support involves everything from expertise to funding,” Mr Sapin said on Sunday after concluding his two-day visit to Kenya during which he presided over the return of Peugeot assembly to Kenya…….

Mr Sapin said that France was seeking pacts with Nairobi like the ones it entered with South Africa on nuclear power development.

France has over the years signed several pacts with South Africa whose two power plants were built by French firm Areva.

South Africa plans to add more nuclear power plants.

Energy experts from Italy and Germany last October, however, advised Kenya to drop plans to build nuclear reactors and instead harness its vast renewable energy resources for power generation. The experts, attending a renewable energy conference in Nairobi, reckoned that Kenya is better off developing more geothermal wells, solar parks and wind farms.

They cited massive costs for a nuke plant, long construction periods of about 10 years and expensive decommissioning of plants at the end of their lifespan, especially disposing of hazardous radioactive waste.

Italy shut down its last nuke plant in 1990 and the people voted against the atomic technology in a 2011 referendum. Germany plans to pull nuclear plants off its power grid by 2022 in favour of green energy. http://www.businessdailyafrica.com/France-joins-suitors-for-Kenya-s-nuclear-plant-venture/539546-3802926-item-1-119w5bk/index.html

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February 8, 2017 - Posted by | France, Kenya, marketing

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