11 September 2014, Abuja – Transcorp Ughelli Power Limited (TUPL), a subsidiary of Heirs Holdings, will generate 1,000Megawatts (Mw) of electricity by first quarter of next year, its chairman, Mr. Tony Elumelu has said.
He said the firm has raised the capacity of the power plant from 150Mw to 450Mw, adding that by next month, the firm would have recorded 700Mw.
He said: “Our experience so far at Ughelli power plant is a testimony to the size of the opportunity. Our amazing team has taken that plant from 150Mw capacity when we took over in November 2013, to 450Mw today. We expect it to increase 700Mw by October and to achieve 1000Mw by the second quarter of 2015.”
Elumelu said the firm would be generating 20 per cent of the country’s total power by next year upon the achievement of 1,000Mw.
He also said the firm is developing a greenfield project that will expand the plant’s capacity by additional 1,000Mw in within the next three to five years .
According to him, the firm has signed a Memorandum of Understanding (MoU) with General Electric (GE) and Symbion Power to facilitate the project.