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Author Archives: transcorp-power

  • The Power Sector In Nigeria

    Power supply is a critical part in an industrial system and machine. The selection of the power supply will determine the efficiency and reliability of the system. Transcorp Power is one of the most effective power supply systems in Nigeria, asides from the 12 states, which host power stations that generate the power used across …

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  • Power Business Boosts Transcorp Q1 Profit By 242.27%

    The price of Transnational Corporation of Nigeria (Transcorp) notched 8% to lead Monday’s gainers’ table after the director presented its unaudited financials for the first quarter ended March 31, 2018, showing significant growth in top and bottom-lines, helped by its power business. Revenue for the period rose by 66.82% to N26.302bn from N15.767bn, with the …

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  • Shareholders commend Transcorp for Industry Leading Role in Improving Access to Electricity in Nigeria

    Shareholders of Transnational Corporation of Nigeria Plc (Transcorp) strongly commended the Board and management for Transcorp’s impressive contribution to transforming the Nigerian power sector, through its power subsidiary, Transcorp Power. The commendations were received at the 12th Annual General Meeting of Transcorp, held on April 30th, 2018, at Oriental Hotel, Victoria Island, Lagos. The shareholders …

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  • Africapitalism

    Only us will develop Africa and the world should rethink how to engage with and intervene in Africa. If despite the sum of $500 billion spent in the past 10 years, we still remain perpetually dependent and the poverty reduction needle has not been moved significantly. A new development model is therefore needed, a development …

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  • The Art of Getting Things Done

    This photo brings back fond memories as it captures the official handover of the Ughelli Power Plant to Transcorp Plc in 2013. In just four short years, we have exponentially increased generation from 160MW to 650MW, demonstrating the transformative power of the private sector. As Chairman of this remarkable Group, I am immensely proud of …

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  • Transcorp Power Hits 18% of National Generation

    Transcorp Power Company, Ughelli, a subsidiary of Transnational Corporation, has in the last one month, consistently generated 18 percent of the total power generation in the country. This was disclosed by the outgoing President/Chief Executive Officer of Transnational Corporation, Emmanuel Nnorom, at a send-off reception held in his honour in Lagos. Mr. Nnorom said the …

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  • Powering Africa’s Transformation

    Co-authored by Tony O. Elumelu, Aliko Dangote, and Carlos Lopes Africa has a bright future ahead of it. Productivity and growth will improve as African economies continue to place more emphasis on services and manufacturing, pursue commodity production, and achieve quick gains in agriculture and light industry. But African countries’ success presupposes that they generate …

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  • Progress at the Transcorp Ughelli Power Plant

    It is no secret that for Nigeria to usher in an industrial phase that will drive our long-awaited diversification agenda, power is the single most critical sector. To put it simply, power is the fulcrum on which other sectors rely on. Earlier in the week, I was delighted to be at the Transcorp Power plant …

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  • Transcorp Power Partners with Covenant University and ENGIE on Solar Energy Generation

    Transcorp Power Limited has taken the alternative energy discussion a step further by partnering with ENGIE Group  and Covenant University to explore solar energy generation and utilisation in Nigeria. This event took place at the official visit of Transcorp and ENGIE Group on “Interactive Engagement for Solar Power Generation & Utilisation” at the Covenant University on February 10th, 2017. …

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  • Africapitalism: Empowering People Works Much Better Than Giving Them Aid

    I’ve long questioned the traditional approach to development where donors and governments invest in basic health, education, and access to food in developing countries, with the hope that the beneficiaries will eventually become self-sufficient. While all assistance is to be acknowledged and appreciated, we need to rethink the ways in which we help others. We …

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