(AFRICAN EXAMINER) – Transcorp Energy Limited, a subsidiary of Transnational Corporation of Nigeria Plc, one of Nigeria’s leading power producers, announced an alternative energy solution to Nigeria, as part of its broader integrated energy strategy.
Unveiling Transcorp’s alternative energy plan at a meeting with the Honourable Minister of Science & Technology, Dr. Ogbonnaya Onu, Peter Ikenga, the Head of Transcorp’s Energy business, said it offered considerable potential to the power sector.
Speaking at the event, Mr Ikenga stated that Transcorp Energy was seeking to 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.
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Transcorp to build Nigeria s first nuclear power plants
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Transcorp Energy set to partner FG on nuclear power plants
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Heirs Oil & Gas (HHOG) (www.HeirsOilandGas.com), the leading African integrated energy company, has announced the appointment of
Osayande Igiehon as Chief Executive Officer, effective May 4, 2021, together with a distinguished non-executive board, bringing together leading industry figures, with considerable global and regional experience.
Heirs Holdings Limited’s (HH) portfolio company, HHOG, completed the acquisition of OML17 in January 2021, in one of the largest oil and gas financings in Africa in more than a decade, with a financing component of US$1.1 billion. The transaction represents a further implementation of the HH Group strategy of creating the leading integrated energy business in Africa. Through a series of strategic portfolio holdings, HH is executing this strategy. Most recently, affiliate company, Transcorp made a US$300 million acquisition of Afam Power, increasing the Group’s installed electricity generating capacity to 2,000MW.