Transcorp Power increases generation capacity to 638MW in 9 months

TRANSCORP Power Limited (TPL) says it has increased its power generation capacity from an average of 470 MW in January 2022 to an average of 638MW as of September 2022.

Owen Omogiafo, the President and Group CEO of Transcorp Plc, disclosed this while speaking to the investment community and financial journalists during the company’s recent facts behind the figures event.

She said that Transcorp’s combined installed capacity of 1,938MW accounts for 15.5percent of the total installed capacity in Nigeria which is about 12,522MW.

Omogiafo explained that TPL signed gas contract agreements with the NPDC/NDW, Chevron, and Seplat to improve efficiency and secure a reliable and steady gas supply.

“Also, TCN installed and energized a new 150mw 330/132/33KV interbus transformer at Delta IV Transmission substation Ughelli, Delta State. Thereby, improving TPL’S evacuation capacity. Given the recent increase in available capacity, steady gas supply, and improved evacuation capacity, TPL is looking to exceed its average generating capacity in the coming years,” she said.

She said that following the administrative handover of Transcorp Afam Power Plant (TAPL) in March 2021, Transcorp successfully increased and maintained the power plant’s capacity from 48mw at the time of takeover to 188mw, with minimum CAPEX requirements.

She stated that the ongoing gas challenges in the country impacted generation capacity. Notwithstanding the challenges, TAPL has devised some means to improve performance, including the commissioning of GT20 with an additional capacity of 138mw in September, execution of a gas supply agreement with Accugas and HHOG, and ongoing discussion with other gas suppliers to ensure the company has steady gas supply.