Transcorp Power Limited, one of Nigeria’s leading power generation companies, has announced ambitious plans to capture 25% of the country’s electricity market as part of its expansion strategy.
The company’s Chairman, Tony Elumelu, made the announcement during an energy stakeholders’ forum, highlighting the company’s efforts to increase its power generation capacity and distribution efficiency. He noted that Transcorp has been investing heavily in infrastructure upgrades, renewable energy solutions, and innovative technologies to enhance Nigeria’s electricity supply.
Elumelu emphasized that stable electricity remains a critical factor for economic development, and Transcorp is committed to addressing the persistent power supply challenges faced by businesses and households. The company’s ongoing projects, including the expansion of its power plants and strategic partnerships with international investors, are expected to significantly boost Nigeria’s electricity output.
The announcement has been welcomed by industry stakeholders, who see private-sector participation as key to resolving Nigeria’s longstanding power sector inefficiencies. Transcorp’s market expansion is expected to improve power availability and affordability, ultimately benefiting millions of Nigerians.
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