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Abstract:One of Nigeria's top conglomerates, Transcorp Group invests in the hospitality, power, and oil and gas industries. A diversified corporation, Transnational Corporation plc (or Transcorp Group), with core holdings in the hospitality, agribusiness, and energy industries and makes strategic investments in these areas.
One of Nigeria's top conglomerates, Transcorp Group invests in the hospitality, power, and oil and gas industries. A diversified corporation, Transnational Corporation plc (or Transcorp Group), with core holdings in the hospitality, agribusiness, and energy industries and makes strategic investments in these areas.
Their transformation agenda is changing lives and making a positive contribution to fostering prosperity through strategic investments in important economic sectors. Through its efforts, Transcorp Group is dedicated to improving lives and modernizing Nigeria while having a positive socioeconomic impact.
In Afam, the most delicate repairs to a gas turbine may now be made there. The 966mw Afam power stations (Afam 1-5) can now make this possible.
This is the importance of the sensitive center's commissioning on January 30, 2023, in Afam.
Transcorp Group president and CEO Owen Omogiafo, who unveiled it, said the investment will help save the time and logistics needed to transport gas turbine rotors abroad and back.
She also noted additional advantages including time, technology transfer, jobs, and nationals working at Afam being empowered.
Omogiafo examined the entire complex and the recently finished new facilities before announcing Transcorp's preparedness to invest throughout the entire power value chain.
She hailed the Afam investment as a success and had been motivated purchase of the 166mw Ugheli Power Plant.
21 months ago, when the facility was only producing 48 MW, Transcorp purchased it. Omogiafo stated the following while describing the output and capacity now available at Afam (1-5): It is on record that we recovered Afam V GT20 in September last year (2022). The national grid now has 138 more megawatts (48 plus 138, total 188mw).
As soon as we get gas, we can start up four more gas turbines. The provision of gas is the topic of discussions with stakeholders.
I recently learned that we were traveling to Afam III Fast Power, a facility for aerodynamics technologies. This is anticipated to add 240 MW this year. According to expectations, this will increase the station's installed capacity of 966 mw to 428 mw.
The president of Transcorp stated the following regarding the company's investment. Power drives transformation throughout the world. At Ugheli, we are currently producing more than 600 mw. We are currently making a significant contribution to Nigeria's power sector.
We aim to be the market leader in the power sector, and we consider the entire value chain. When we first began, we considered 25%. We made many billions of naira in investments. It's an extremely pricey endeavor.
She claimed that the group was considering the future and intended to increase local capacity. Previously, we would have to transport a gas turbine overseas for repair, but now we have developed and put into operation our own Gen Clean Room for the maintenance of these turbines. This is about achieving a goal, which is to transform Africa and improve lives.
The commissioning of the generator clean room, according to Vincent Ozoude, MD of Transafam Power Limited, will move repairs to the facility
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