Transcorp Energy Limited seeks FG Partnership to build Nigeria’s first nuclear power plants

Transcorp

Transcorp Energy Limited, a subsidiary of Transnational Corporation of Nigeria Plc, is set to build Nigeria’s first nuclear power plants, in a bid to diversify the sources of alternative energy for power generation in Nigeria, using the OPEN 100 model.

To make this a reality, the firm called on the Federal Government to support the initiative so as to solve some of the myriad of electricity generation issues currently ravaging the country. The call was made by the Head of Transcorp Energy Business, Peter Ikenga, during the unveiling of the company’s alternative energy plan at a meeting with the Honourable Minister of Science and Technology, Dr Ogbonnaya Onu.

Presenting his ideas before the Federal Government, Mr 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, devoid of some of the challenges hampering stable and reliable power generation in Nigeria.’’

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Meanwhile, the Honourable Minister of Science and Technology, Dr Ogbonaya Onu, while reacting to the proposal, reemphasized FG’s commitment to promoting the application of science, technology and innovation within Nigeria, in line with the Executive Order No. 5

Dr Onu noted that: ‘’We are delighted to see this innovation and appreciate Transcorp for leading the charge in the industry with this initiative. The approach by Transcorp to use small scale nuclear plants is catalytic for achieving the national goals on Sciency and Technolgy’’, he stated.

To bring the idea into fruition, Dr Onu further directed that a joint committee comprising of Transcorp, and all other relevant stakeholders be set up immediately, so as to jointly manage the execution of the project. Naijabusiness.com.ng understands that the OPEN100 is the world’s first open source blueprint for nuclear power plant deployment for a small, standard, pressurized water reactor that will accelerate deployment of the modular nuclear plants for power generation.