Our Businesses


Transcorp Power Limited

Transcorp Power Limited (TPL) is a subsidiary of Transnational Corporation of Nigeria Plc (Transcorp). The company is a leader in the Nigerian power space and drives Transcorp’s strategic interests in the Power sector.

On September 25, 2012, TPL won the bid for the acquisition of Ughelli Power Plc, one of the six power generation companies of the Power Holding Company of Nigeria (PHCN) privatised by the Federal Government of Nigeria. On August 21, 2013, TPL made full payment of US$300 million to the Bureau of Public Enterprises (BPE), representing 100 per cent of TPL’s bid price for the plant.

Today, TPL owns 100 per cent of Ughelli Power Plant and plans to increase its generating capacity from 300 MW to over 3,000 MW in the next five years.

TPL plans to make targeted inroads into West Africa and subsequently the rest of Africa.