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Transcorp Energy Plans Nigeria’s First Nuclear Power Plants

July 2, 2021 Stu Turley Electrical Generation / Utilities, International News, Nuclear

Transcorp - African - Nigeria's Leading Energy Provider

Transcorp Energy Ltd, a unit of Transnational Corp. of Nigeria Plc plans to develop nuclear power plants in the West African nation as an alternative energy source to improve access to electricity.

The plants will offer a “less expensive and less complicated solution” for stable and reliable power generation in the country, using so-called OPEN100 model technology, the company said in an emailed statement Thursday.

Just over 55% of Africa’s largest economy’s population has access to electricity, according to World Bank data.

The plan has been presented to government.

Science and Technology Minister Ogbonnaya Onu has set up a committee comprising representatives of Transcorp and the government to manage the execution of the project, according to the statement.

About Stu Turley 4813 Articles

Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.

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