Transcorp Energy Limited, a subsidiary of Transnational Corporation of Nigeria Plc chaired by Tony Elumelu, has announced an alternative energy solution to Nigeria, as part of its broader integrated energy strategy.
Unveiling Transcorp’s alternative energy plan at a meeting with the minister of science and technology Ogbonnaya Onu, head of Transcorp’s Energy business Peter Ikenga said it offered considerable potential to the power sector.
Mr Ikenga stated that Transcorp Energy was seeking to collaborate with the Federal Government, through the Federal Ministry of Science and Technology, to develop nuclear power plants as alternative energy source in Nigeria, using the OPEN100 model.
Ikenga said, “This project is transformative and a first in Nigeria and would radically change the way nuclear power plants are deployed, offering a substantially less expensive and less complicated solution. It will further provide the country with a reliable and sustainable energy source, without the challenges preventing stable and reliable power generation in Nigeria.”
Onu, welcoming the Transcorp team, reiterated the commitment of the government to promote the application of science, technology and innovation within Nigeria, in line with the Executive Order No. 5 of the Federal Government.
“We are delighted to see this innovation and appreciate Transcorp for continuing to champion innovative solutions to Nigeria’s power infrastructure needs.” he stated.
The minister directed that a joint committee which will comprise Transcorp, and all the relevant stakeholders be established to jointly manage execution of the project.
The OPEN100 is the world’s first open-source blueprint for nuclear power plant deployment for a small, standard, pressurised water reactor, that will accelerate deployment of the modular nuclear plants for power generation.
