The poor electricity supply in the country, which has adversely affected many businesses, has heightened the energy costs of Transcorp Group, the PUNCH has learnt.
poor electricity supply in the country, which has adversely affected many businesses, has heightened the energy costs of Transcorp Group, the PUNCH has learnt.
From of this, Transcorp Hotels Plc, the hospitality subsidiary of the group, incurred an energy cost of N2.03bn in 2022 from N1.51bn in 2021. Last year, the Chairman of Transcorp Group Plc, Emmanuel Nnorom, said that the biggest annual operational cost incurred by the company was its electricity expenditure.
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