Transcorp Ughelli Power News

Emmanuel Nnorom, CEO, Transcorp

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

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.

Goodluck Jonathan, President of Nigeria

Nigeria's Power Industry Bailout Heads Off Threat to Lenders

Nigeria has headed off a threat to its banking industry by propping up struggling power companies with an intervention fund, said analysts including Pabina Yinkere of Vetiva Capital Management Ltd.

Tony Elumelu and Barack Obama at the Ubungo Power Plant

Heirs Holdings can generate a quarter of Nigeria's power needs within the next five years: Tony Elumelu, Chairman, Heirs Holdings

Well-known global business leader and chairman of Heirs Holdings Tony Elumelu says the group “has the ambition to generate at least a quarter of Nigeria’s power consumption needs in the next five years.”