Tag: Transcorp Power Limited

Transcorp Power NGX listing expands investors’ portfolio
News

Transcorp Power NGX listing expands investors’ portfolio

Transcorp Power has achieved a significant milestone by becoming the second Electric Power Generating company to be listed on the mainboard of the Nigerian Exchange Limited through Introduction. In this form of listing, the company doesn’t undergo the traditional book building, underwriting, or public offer process. Instead, existing outstanding shares are sold, with no creation […]

The vice president of Nigeria, Prof. Yemi Osinbajo
Business

Nigeria on track to full electrification – Osinbajo

Vice President, Prof. Yemi Osinbajo has stated that Nigeria is on track to achieving national energy access in the next decade. Osinbajo made this statement on Tuesday during the commissioning of the Afam3 Fast Power 240-megawatt turbine in Rivers State. The project, which was executed in collaboration with General Electric and the Federal Government is […]

Osinbajo hands Transcorp certificate of discharge
Business featured

Osinbajo hands Transcorp certificate of discharge

Vice President Yemi Osinbajo on Monday presented a discharge certificate to the chairman of Transcorp Power Limited, Tony Elumelu, who is the major investor in the Ughelli Power Plant. The Punch reported that during this presentation which was held in Abuja, Osinbanjo highlighted the need for significant private-sector investment in Nigeria’s power sector to meet […]

Transcorp Power NGX listing expands investors’ portfolio
Energy

Transcorp Power posts N74.3bn revenue as sector’s finances improve

Transcorp Power Limited, owner of the 972 megawatts capacity power plant in Ugheli, Delta State, has announced revenue growth of N74.3bn in 2021 following the recent improvements in the financial performance of Nigeria’s power sector. In the 2021 annual report and financial statement of Transcorp Group, the Group Chairman, Tony Elumelu, said the power firm’s […]