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.
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.
“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.
Anambra State Governor, Professor Chukwuma Soludo, has approved the appointment of Dr Justina Chinyere Anyadiegwu… Read More
The Nigerian Exchange Limited witnessed a decline in the equity market on Tuesday, with the… Read More
The Central Bank of Nigeria (CBN) has halted charges on cash deposits until September 30,… Read More
Shell Nigeria has disclosed that it has paid a sum of $1.09 billion to the… Read More
Nigeria's move to introduce a cybersecurity levy by the Central Bank has sparked widespread opposition… Read More
Operatives from the Economic and Financial Crimes Commission (EFCC) reportedly descended on Bureau De Change… Read More
This website uses cookies.