TRANSCORP POWER PLC

Transcorp Power PLC, a prominent power generation company, traces its origins to September 24, 2012, when it was incorporated as Transcorp Ughelli Power Limited. This entity was established with the specific purpose of acquiring Ughelli Power Plc, which operated the Ughelli Power Plant, during the privatization of Nigeria's national power assets. The company subsequently merged with Ughelli Power Plc in November 2015, leading to the formation of Transcorp Power Limited, and later transitioned to its current designation as Transcorp Power Plc in January 2024. As a key subsidiary within the diversified conglomerate, Transnational Corporation Plc (Transcorp Group), Transcorp Power PLC plays a vital role in Nigeria's energy sector. The core business of Transcorp Power PLC involves the generation and sale of electric power, primarily through the operation of gas-fired thermal plants. Its flagship asset is the Ughelli Power Plant, located in Ughelli, Delta State, which possesses a significant installed capacity. The company primarily serves the Nigerian market by transmitting electricity to the national grid, contributing substantially to the country's power supply. Beyond national borders, Transcorp Power PLC extends its reach to the broader West African region, actively participating in the West African Power Pool (WAPP) and contributing electricity to the ECOWAS Regional Electricity Market.