Transcorp Boss Calls for Sustainable Power Generation

The President and Group Chief Executive Officer, Transnational Corporation Plc, Ms. Owen Omogiafo, has stressed the need for all stakeholders in the power sector to ensure that the sustainability of power generation.

Owen, who was a guest on ‘The Morning Show,’ a programme on ARISE NEWS Channel, the broadcast arm of THISDAY Newspapers, said yesterday that there had been a renewed investment in the power sector, adding that experts are being invited to look at ways of resolving the challenges in the country.

She said: “This period, we have seen a renewed investment and experts are being invited to the table. “We also have the NEC (National Economic Council), which is working. Last week, we had a meeting with CEOs of generating and distribution companies. We all recognise that we need to sit around the table to solve these problems. It’s not about pointing fingers, but we are working together to see how we will resolve the issues. We have seen some interesting regulations that have come up this year. It’s tripartite that is coming closer together and we all need to be around the table if we must successfully and sustainably make the power sector itself a sustaining one in other to deliver power.”

She said her organisation was confronted with the challenges of infrastructure, transmission and gas, especially at its Ughelli and Afam Power Plants, adding that Transcorp has already made efforts in firming up its gas supply agreements.

AskedaboutTranscorp’sparticipation in the transaction with Heirs Holdings Oil and Gas, Omogiafo said the gas from that asset was already servicing Afam Power PLC in addition to that which it would be producing within the next few years to drive its integrated power strategy and control input and output.