Nigeria's Transcorp on track for 850 MW capacity this year, says CEO Emmanuel Nnorom

Emmanuel Nnorom, CEO, Transcorp

Nigeria‘s Transcorp is on track to boost its power generation capacity to 850 megawatts (MW) by the end of 2015 from 610 megawatts last year, the company’s chief executive said on Friday.

Transcorp, which also has interests in hotels, oil and gas, was one of several firms to buy government power assets two years ago, sold as part of a privatisation meant to end decades of blackouts in Africa’s biggest economy.

“We are on track to achieve 850 MW per day by year-end 2015, which represents a major contribution to the country’s total energy output,” Transcorp CEO Emmanuel Nnorom said in a statement.

Read more: Nigeria’s Transcorp says on track for 850 MW capacity this year | Reuters