 |
| Peter Ikenga. |
The Transnational Corporation Plc (Transcorp Group) has announced the listing of its subsidiary, Transcorp Power Plc (Transcorp Power or TP Plc) via listing by introduction on the Main Board of the Nigerian Exchange (NGX), on Monday, March 4, 2024.
There
will be a “Facts Behind the Listing” at NGX Group House at 2:45pm, where the
Management of TP Plc, led by the Chief Executive Officer, Mr. Peter Ikenga,
will provide information to Trading License Holders, Analysts, Press and
Investors about the listing and the Company.
Following
this listing, Transcorp Group will have two subsidiaries listed on NGX,
demonstrating its commitment to creating value for the Nigerian public and
catalyzing economic growth in Nigeria. Transcorp Group will continue to
maintain a significant holding in Transcorp Power Plc.
Transcorp
Power operates the Ughelli Power Plant in Delta State, with an installed
capacity of 972MW. At the time of acquisition, the plant had an available
capacity of 160MW. Transcorp Power invested and increased the available
capacity to 680.83MW (a 227% increase) within four years of acquisition,
surpassing the 5-year target of 670MW set by the Bureau of Public Enterprises.
Transcorp Power Plc is a member of the West African Power Pool and a
participant in the ECOWAS Regional Electricity Market. Today, Transcorp
Power supplies electricity to the ECOWAS Regional Market.
About
Transcorp Group
Transcorp
Group is one of Africa’s leading, listed companies, with strategic investments
in the power, hospitality, and energy sectors, driven by its mission to improve
lives and transform Africa.
Transcorp Group’s power businesses, Transcorp Power Plc and Transafam Power, provide 15% of Nigeria’s installed power capacity. Transcorp Group is committed to developing Nigeria’s domestic energy value chain, though its investments in OPL287.
The Group’s listed hospitality business, Transcorp Hotels Plc,
owns the iconic Transcorp Hilton Abuja, Nigeria’s flagship hospitality
destination, and has launched digital platform Aura by Transcorp Hotels.
 Now Listed On The Nigerian Stock Exchange (NGX).){kind=link}
0 Comments
DISCLAIMER
The views and opinions expressed on this platform as comments were freely made by each person under his or her own volition or responsibility and were neither suggested nor dictated by the owners of News PLATFORM or any of their contracted staff. So we take no liability whatsoever for such comments.
Please take note!