• About
  • Advertise
  • Careers
  • Contact Us
Saturday, June 14, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Mobility
    • Environment
    • Travel
    • StartUPs
  • Economy
  • TECHECONOMY TV
  • TBS
  • About Us
  • Contact Us
  • Telecoms
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Mobility
    • Environment
    • Travel
    • StartUPs
  • Economy
  • TECHECONOMY TV
  • TBS
  • About Us
  • Contact Us
  • Telecoms
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home News

[BREAKING] Transcorp Becomes Nigeria’s First Privatized Power Generation Company

by Justice Godfrey Okamgba
May 8, 2023
in News
1
Transcorp Power Limited
Nigeria's Vice President Yemi Osinbajo presenting the discharge certificate to Tony Elumelu, Chairman, Transcorp Group

Nigeria's Vice President Yemi Osinbajo presenting the discharge certificate to Tony Elumelu, Chairman, Transcorp Group

UBA
Advertisements

The Nigerian government has issued a discharge certificate to Transcorp Power Limited after surpassing the post-privatization target.

The issuance means the company is the first privatized power generation company in Nigeria to fulfill all privatization obligations and receive a discharge certificate from the Federal Government of Nigeria since the 2013 privatization of the power sector in Nigeria.

In attendance were the Vice President, Yemi Osinbajo who presented the certificate to Tony Elumelu, Group Chairman, Transcorp; Mr. Alex Okoh, Director General of Bureau of Public Enterprise; Tony Elumelu, Group Chairman, Transcorp; Dr. Owen Omogiafo, President/Group CEO; and Mr. Christopher Ezeafulukwe, MD/CEO, Transcorp Power Ltd.

Transcorp Power Limited (TPL), is the power subsidiary of Transnational Corporation Plc (Transcorp Group), a publicly quoted Conglomerate in Nigeria. TPL is the largest gas-powered generating station in the country.

“We all know how critical access to electricity is to the Nigerian economy. Robust, plentiful power, delivered across our country will be transformative,” Tony wrote on Twitter.

He said improved access to electricity yields life-enhancing changes to our schools, hospitals, homes and industries.

Transcorp Power Limited
Advertisements
MTN ADS

“Today, Transcorp generates 789MW of electricity, placing Transcorp’s total contribution to the National grid at 16% – powering homes, schools, hospitals and enabling industrialisation.

“At Transcorp Group, we do well and we do good. We have grown together with our Host communities, enriching lives, and improving the community – operating a 100% Nigerian-run plant, creating jobs and reducing unemployment in the country.”

He said Transcorp is transforming a vision into a reality. “We do not only have the vision – but have turned that vision into reality,” Tony added.

Loading

Author

  • Justice Godfrey Okamgba
    Justice Godfrey Okamgba

    View all posts
0Shares
Tags: ElumeluPowerTranscorp Power Limited
Justice Godfrey Okamgba

Justice Godfrey Okamgba

Next Post
Afia TV

Afia TV Partnership with Anaedo TV on DSTV to Shine Light on Nnewi Economy

Comments 1

  1. Pingback: Afreximbank President, Benedict Oramah, Discusses Plans to Fund Industrialisation Goals on the Continent - TechEconomy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

How to Make Tech Work for You When You Don’t Work in Tech

How to Make Tech Work for You When You Don’t Work in Tech

1 month ago

Innovation Hits High in Africa: First Electric Minibus Taxi Coming to South Africa 

3 years ago

Popular News

    Connect with us

    Currently Playing

    TE Weather

    TE PODCAST

    Techeconomy Podcast
    Techeconomy Podcast

    Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

    Follow us @techeconomyng for more.

    Listen OnSpotify
    Audio Player
    TECH TALK EPISODE 2
    Techeconomy Podcast
    TECH TALK EPISODE 2
    [...]
    • 0.8
    • 1
    • 1.2
    • 1.5
    • 2
    Download
    • Facebook
    • Twitter
    • Linkedin
    • Copy episode link Copied
    • Download
    Captions
    00:00
    00:00
    TECH TALK EPISODE 2
    byTecheconomy

    PRODUCTIVITY AND WORK-Life Balance

    Episode play icon
    TECH TALK EPISODE 2
    Episode Description
    Episode play icon
    CYBERSECURITY ESSENTIALS
    Episode Description
    Episode play icon
    Digital Marketing Trends and strategies for 2025 and beyond
    Episode Description
    Episode play icon
    Major Lesson for Techies in 2024 and Projections for 2025
    Episode Description
    Episode play icon
    Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
    Episode play icon
    Maximizing Profitability Through Seasonal Sales: Strategies For Success
    Episode play icon
    Techeconomy Business Series
    Episode Description
    Episode play icon
    PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
    Episode Description
    Episode play icon
    Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
    Episode Description
    Episode play icon
    The Role of Ed-tech in Life Long Learning and Continuous Education
    Episode Description
    Search Results placeholder
    Listen OnSpotify
    • About
    • Advertise
    • Careers
    • Contact Us

    © 2017 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Mobility
      • Environment
      • Travel
      • StartUPs
    • Economy
    • TECHECONOMY TV
    • TBS
    • About Us
    • Contact Us

    © 2017 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »