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Transcorp Energy Limited, a subsidiary of Transnational Corporation of Nigeria Plc, announced plans to build Nigeria’s first nuclear power plants.
This was disclosed in a statement sent to Nairametrics on Thursday, after a meeting between Transcorp and Dr Ogbonnaya Onu, Minister of Science and Technology, revealing parts of its plans to boost its integrated energy strategy.
Mr Peter Ikenga, Head of Transcorp Energy 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.
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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.”
Transcorp disclosed it would utilize the OPEN100, which 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.
What you should know
In its audited financial statements for the year ended December 31, 2020, Transcorp announced ₦75.2 billion in turnover and Profit After Tax of ₦3.79 billion in 2020, representing a 2.35% increase against ₦3.705 billion in 2019.
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Osum project transcorp take us to the next level please
it would be a wishful thinking for nigeria, a country of 210 million and growing, to survive without a full diversified Energy sources. hydro, fossil fuels, renewables and most importantly NUCLEAR. Nigeria need these energy sources to devlp and pull its citizens out of poverty. Of all those sources nuclear is the most sustainable for the country and rulers know this but they will continue to fool the public. Whatever happened to October 2017 agreement between Russia’s ROSATOM and Nigeria. Is this the same ploy played in ajaokuta steel industry over again.? Is nigeria being deliberately kept underdeveloped.?
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