Uganda and Russian state corporation Rosatom are negotiating construction of a nuclear power plant, the company's CEO Alexey Likhachev told Russian media.
Negotiations are ongoing, but no official intergovernmental agreements have been reached yet, he said.
In October 2024, the Ugandan authorities and Rosatom signed a memorandum of understanding in the field of nuclear energy and the construction of nuclear power plants. At the same time, Ugandan Energy Minister Sidonius Okaasai Opolot announced that the country, together with the Russian state corporation, was choosing a location for the future power plant. The republic intends to begin generating energy using nuclear power plants by 2031.
Uganda's main challenge in building a nuclear power plant is funding, which is why it is seeking preferential Russian loans, according to a leading analyst at the Russian National Energy Security Fund, Igor Yushkov. He also noted the need for major investments in Uganda’s energy infrastructure to support the project, given the country's low level of electrification.