The Federal Government of Nigeria has finally issued a discharge certificate to Transcorp Power Limited after surpassing the post-privatization target.
The issuance of the discharge certificate means that Transcorp Power Ltd. is the first privatized power generation company in Nigeria to fulfill all privatization obligations and the discharge greenlight from the Federal Government of Nigeria since the 2013 privatization of the power sector in Nigeria.
The outgoing Nigerian Vice President, Yemi Osinbajo presented the certificate to Tony Elumelu the Group Chairman, Transcorp; in presence of 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,” Mr. Elumelu stated on his Twitter handle.
He averred that improved access to electricity yields life-enhancing changes to our schools, hospitals, homes and industries.
“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.”
Mr. Elumelu declared that Transcorp is transforming a vision into a reality. “We do not only have the vision – but have turned that vision into reality,”