Transcorp Power lists on NGX main board

The Transnational Corporation Plc, also known as Transcorp Group, is pleased to announce that on Monday, March 4, 2024, Transcorp Power Plc, also known as TP Plc, will be listed by introduction on the Main Board of the Nigerian Exchange (NGX).

The management of TP Plc, under the direction of Chief Executive Officer Mr. Peter Ikenga, will brief Trading License Holders, Analysts, Press, and Investors on the listing and the Company during a “Facts Behind the Listing” event at NGX Group House at 2:45 p.m.

Transcorp Group is exhibiting its dedication to generating value for the Nigerian people and accelerating economic growth in Nigeria by listing two of its subsidiaries on NGX after this one. Transcorp Group intends to keep up its sizeable stake in Transcorp Power Plc

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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.