Transcorp acquires Afam Power Plc

Leading diversified conglomerate and power generation provider, Transcorp has emerged victorious in acquiring the 1,000 megawatts (mw) Afam electricity plant for a 105 billion naira. This is coming on the heels of the National Council of Privatization approving the privatization of the Afam Power Plant which kicked off bidding between 12 prospective investors years ago. The Transcorp power consortium... Continue Reading →

Nigeria’s power grid records historic 5,459.5MW peak – TCN

The Transmission Company of Nigeria (TCN) said the power grid has attained another all-time national peak of 5,459.50 megawatts (MW), which was efficiently transmitted through the nation’s transmission grid Wednesday night. In a statement by the General Manager, Public Affairs, Ndidi Mbah, on Thursday, TCN said this milestone in generation is higher than any peak... Continue Reading →

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