Transafam Power Plc (TAPP) is the core investor in Afam GenCo, comprising Afam Power Plc and Afam Three Fast Power Limited. The Afam GenCo Power Plant is located at Okoloma Village, in Oyigbo Local Government Area of Rivers State, approximately 40 km north of Port Harcourt.
The Power Plant includes five separate power plants (Afam I – V) owned by Afam Power Plc (“APP”) and the brand new Afam Three Fast Power Plant owned by Afam Three Fast Power Limited (ATFPL). The total installed capacity of the plant is 966 MW. With the acquisition of Afam GenCo, Transcorp Group increased its installed capacity to nearly 2000 MW and continues to work toward recovering more of the installed capacity.
This acquisition also came with many advantages including closeness to gas supply, sufficient evaluation capacity and brand new 240 MW Afam Three Fast Power turbines. Our plan is to efficiently recover the capacity of the Afam GenCo, leveraging our experience with running Transcorp Power Limited.
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.
When Transcorp took ownership of the 1000 MW capacity plant in 2021, our mission was to take it from generating only 40 MW of power daily, back to producing at its full 966 MW installed capacity. The electricity produced by Transafam Power is transported through a network of conductors, to the national grid.
Afam Power Plc, now Transafam Power Plc, 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.
Our 966 MW gas-fired plant plays a pivotal role in strengthening economic growth by providing a stable and reliable source of electricity, attracting industries and investments that create jobs and opportunities.
Beyond the numbers, our dedication to environmental sustainability ensures a healthier future for all. We understand the profound impact reliable energy has on communities, and it is with great pride that we contribute to a brighter, more prosperous tomorrow for everyone.
Our mission is to not only keep the lights on but to do so in a way that enhances the world we all share. With a focus on renewable energy, cutting-edge technology, and a dedicated team of professionals, we are at the forefront of the energy revolution.
In commitment to driving sustainable economic development and positively impacting society, we are leading an integrated and diversified power generation to consistently provide reliable electricity to Nigerians in line with our goal to generate 25% of Nigeria’s power.
