African partners get relief, as AKPA rates Rasotom high in environmental social governance

The Analytical Rating Agency has said that Russia’s State Atomic Energy Corporation, Rosatom rates so high in environmental protection, social responsibility and management.

Rosatom has signed agreements with different African countries including Nigeria, Egypt, Morocco, Zimbabwe, Burundi and Senegal among several others on a range of areas that have to do with creation and use of nuclear energy. Morocco’s agreement is based on the cooperation for implementation of desalination, water conditioning and water purification projects.

However, despite the celebration of these agreements, apart from Egypt who has taken the bull by the horn, activities seem to delay on the projects owing to nuclear politics, lack of political will, financial constraints and chiefly, fear of environmental hazards. The revenue of these divisions amounts to more than 70% of the consolidated revenue of Rosatom, which has just published an annual report for 2022, saying Corporate revenue from new businesses in 2022 reached a record high of RUB 697.5 bn , having doubled year on year.

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