Transcorp Power Limited is the power subsidiary of Transnational Corporation of Nigeria Plc (Transcorp). It is the owner and operator of Ughelli Power Plant in Warri, Delta State.
We are leaders in the Nigerian power space and manage Transcorp Plc’s strategic interests in the Power sector.
In Septemer 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.
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 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.
For more information on our investments in power and how the Nigerian power sector works, visit www.transcorppower.com