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Transcorp Energy Plans Nigeria’s First Nuclear Power Plants

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.