Transcorp plc
Transcorp plc

Govt directs joint execution team as Transcorp offers nuclear power plant

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Permanent Secretary Ministry of Science and Technology,  Mr. Edet Akpan (left); Minister of State, Alhaji Mohammed Abdulahi;  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.

By Kamsy Mbamalu

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 sad 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 potentials to the power sector.

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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 source 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 government’s commitment to promoting robust application of science, technology and innovation in line with its Executive Order No. 5.

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“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 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.

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