Govt Directs Joint Execution Team As Transcorp Offers Nuclear Power Plant

July 1, 2021
Govt Directs Joint Execution Team As Transcorp Offers Nuclear Power Plant
L-R: Permanent Secretary Ministry of Science and Technology,  Mr. Edet Akpan, Minister of State, Alhaji Mohammed Abdullahi; Minister of Science and Technology, Dr. Ogbonaya Onu; Managing Director/CEO of Transcorp Energy, Mr. Peter Ikenga;  Legal Manager, Transcorp Energy, Mr Humphry OnyeUkwu; and  Head of Strategy & Business Transformation, Transcorp Plc, Ms  Bekemen Idiake, at the meeting on Alternative Energy Solutions held in Abuja on Thursday.

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.

Transcorp Energy Limited, a subsidiary of Transnational Corporation of Nigeria Plc on Thursday announced an alternative energy solution in what it said was part of its broader integrated energy strategy. Unveiling the plan at a meeting with Nigeria’s Minister of Science & Technology, Dr. Ogbonnaya Onu, Head of Transcorp’s Energy business, Peter Ikenga, said it offered considerable potential to the power sector.

Join our WhatsApp Channel

Mr Ikenga stated that Transcorp Energy would collaborate with the Federal Government, through the Federal Ministry of Science and Technology, to develop nuclear power plants as alternative energy sources in Nigeria, using the OPEN100 model.

Mr. Ikenga in his remarks said, “This project is transformative, 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.”
Science Minister, Dr Onu, welcomed the Transcorp team and reiterated the government’s commitment to promoting robust application of science, technology and innovation in line with its Executive Order No. 5.

READ ALSO: Nigeria Soil Science Institute Seeks Partnership With Niger State

“We are delighted to see this innovation and appreciate Transcorp for continuing to champion innovative solutions to Nigeria’s power infrastructure needs,” he said.

He directed that a joint committee, comprising Transcorp and all relevant stakeholders, be established to jointly manage the execution of the project.

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.

Kamsiyochukwu Mbamalu
+ posts

Latest from News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today

Naira Firms Across FX Markets, Trades at ₦1,470.52 to Dollar

The naira continued to show resilience in foreign exchange markets on Friday, trading at ₦1,470.52 to the United States dollar at the mid-market rate, following a strong rebound recorded after Nigeria’s Independence Anniversary holiday. Data from the Central Bank of Nigeria (CBN)

Lack of Expertise Behind Failure of 95% of Enterprise AI Projects

A stark reality check awaits contact centre leaders pursuing AI transformation: whilst 95% of enterprise AI initiatives fail to reach production, the underlying cause isn’t technological limitations — it’s the critical shortage of expertise needed to execute successfully. Stuart Dorman, Chief Innovation
key 1 768x1024 1
Previous Story

Muda Yusuf bows out at LCCI, Almona steps in

senate 690x449 1
Next Story

20 years after, Nigeria’s controversial oil bill sails through in Senate  

Don't Miss

IMF

IMF Warns, Says Nigeria’s Inflation May Worsen To 16.1% In 2022

The International Monetary Fund (IMF) has foreseen that Nigeria’s Consumer
Confirmed: Premier League, FA, EFL Postpone Weekend Matches In Honour Of Queen Elizabeth

Confirmed: Premier League, FA, EFL Postpone Weekend Matches In Honour Of Queen Elizabeth

The football bodies met on Friday to take unanimous decisions