Transcorp Power marks 10 years

Transcorp Power Limited, one of the power subsidiaries of Transcorp Group, yesterday, celebrated its 10 years anniversary, marking a decade of unwavering commitment to powering progress and impact in society.

Transcorp Power Ltd. was borne out of Transcorp Group’s drive to fulfil its purpose of improving lives and transforming Africa by investing in strategic sectors of the economy that can catalyse growth. Hence, its investment in 972MW Ughelli Power Plant in 2013.

The power company has grown impressively over the last decade, becoming one of the leading power companies in the country.

Earlier this year, Transcorp Power became the first power generation company to be discharged from post-privatisation monitoring by the Bureau of Public Enterprise (BPE), having satisfied the requirements of the post-acquisition plan compliance.

Peter Ikenga, MD/CEO of Transcorp Power Ltd in his comments noted that the Company’s journey has been one of resilience, innovation, and a steadfast commitment to powering progress.

“As we celebrate the 10th anniversary of Transcorp Power Limited, we reflect on a decade of impactful contributions to the energy sector. I am immensely proud of our team’s dedication and the milestones we’ve achieved,” Ikenga said, adding that the anniversary is not just a testament to the Company’s past successes but a springboard for the future.

For the last decade, Transcorp Power has been an integral part of its host community, with several projects aimed at improving livelihoods including a vocational skills acquisition program that has empowered over 200. The Transcorp Staff School, which the firm adopted following takeover of the Ughelli Plant currently serves the community as well as its employees, guaranteeing high quality of education for kids in the area.

At the event which held in Warri, Delta State, Transcorp Power also celebrated its employees who have been with the firm since inception and have contributed significantly to the achievements of the past decade.

Transcorp Power Limited has continued to receive recognition for its contributions to the power sector.

The company recently won multiple international awards, including the Leading Power Generation Company Nigeria 2023 (International Business Magazine Awards 2023), Leading Power Generation Company Nigeria 2023 and Most Sustainable Power Company Nigeria 2023 (2023 World Business Outlook Awards).