11 May 2015, Abuja – Transnational Corporation of Nigeria, Transcorp, Plc has raised Ughelli Power Plant’s capacity from 160 Mega Watts, MW, to 610 MW, chairman of the group, Mr. Tony Elumelu, told its shareholders at the 2014 Annual General Meeting in Abuja at the weekend.
According to him, the plant which Transcorp acquired in 2012 at the cost of $300 million, is being positioned to be a leader in the Nigerian power industry, with a medium term plan of generating two 500 MW in the next three years.
His words: “Our ambition of generating at least a quarter of Nigeria’s power consumption remains firmly on course as we continue to consolidate the gains made at the Ughelli Power Plant.
“Power output at the plant increased from 342 MW in December 2013 to 610 MW by December 2014, as we diligently executed our rehabilitation programme.
“Our goal is to increase output at the plant to 850 MW by December 2015. TUPL’s medium term plan is to increase generating capacity at the plant to over 2, 500 MW in the next three years.”
Mr. Elumelu told the owners of Trasncorp that members of Board and management were already exploring a coal alternative to feed the plant rather than gas, which had been subjected to supply disruptions due to attacks of saboteurs who blew up the pipelines.
*Emma Ujah – Vanguard