Transcorp Group had in 2013, through its power subsidiary, Transcorp Power Limited (TPL), acquired the 972MW gas-fired Ughelli Power Plant
With the acquisition of Afam Power Plc, Transcorp has further cemented its position as a key player in the power sector, the company said.
“We are pleased to have successfully completed the rehabilitation of GT20, having been out of service for over 15 years prior to our takeover. He noted that it is impressive how far the company has come from 48 MW average generation, when they took over, to raising production to 120 MW generation within the first two months.
“You cannot achieve sustainable economic transformation without a reliable power supply. It is that understanding that has led us at Transcorp, under the leadership of our Group Chairman, Mr Tony O. Elumelu CFR to invest in the power sector. We are happy with the progress we are making in our power plants and strive to continue to optimize our available generation capacity, with an improved gas supply, which has become increasingly challenging.
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