From Ughelli Power Plant to Transcorp Power Limited.
In September 2012, during the privatization of Nigeria’s national power assets, Transcorp Plc won the bid for the Federal Government of Nigeria’s distressed power generating company, Ughelli Power Plc – operator of Ughelli Power Plant. The $300 million investment was part of strategic investor Heirs Holdings’ commitment to USAID’s Power Africa initiative.
In November 2015, Transcorp Ughelli Power Limited and Ughelli Power Plc merged, and Transcorp Power Limited was born. The merger harmonized the management and operations of Transcorp’s power business for greater efficiency.
Our values make us who we are and drive us towards a common sense of purpose; to create long lasting value for our customers.
Getting things done, ownership & accountability. It is our burning desire to always see things to completion in a timely & efficient manner.
Ingenuity, Determination & Hard work. We have the willingness and determination to do whatever it takes to get the job done.
Quality, Distinction, Exceptionalism. We strive to deliver in an outstanding manner consistently.
Producing 972MW full installed capacity from formerly generating only 160MW of power daily.
When Transcorp took ownership of the 1000MW capacity plant in 2013, our mission was to take it from generating only 160MW of power daily, back to producing at its full 972MW installed capacity.Today, Transcorp Power has increased its generating capacity by 525%, and plans to grow it to over 3,000MW in the next five years. The electricity produced by Transcorp Power is transported through a network of conductors, to the national grid.
To be the best in generation of reliable, stable and high-quality electricity within the Nigerian domain.
Ughelli Power now Transcorp Power is among the 18 electricity successor companies unbundled from Power Holding Company of Nigeria (PHCN) in 2003. Owing to various changes in the Federal Government policies on the electricity industry from 1973 to 2009, Transcorp Power has on various occasions changed its name and outlook.