- Transcorp Plc relocated four of its eight turbines from Afam, Rivers State, to Delta State to address gas supply issues and enhance power generation capacity.
- The company aims to achieve 750MW of available capacity at Transcorp Power and 378MW at Transafam Power by year-end, driving efficiency and supporting Nigeria’s energy needs.
Transnational Corporation Plc (Transcorp) has relocated four of its eight turbines from Afam in Rivers State to Delta State to boost power generation and overcome gas supply challenges.
Transcorp relocated four turbines from Afam to Delta to improve gas access and increase output. The group aims to achieve 1,128MW of available capacity across its power subsidiaries by the end of 2025.
President and Group CEO Dr Owen Omogiafo said during the Q3 2025 investors’ call that the relocation demonstrates Transcorp’s commitment to ensuring more Nigerians gain access to electricity. She said the Delta region provides more reliable gas sources, while Heirs Energies revived a gas well that now supplies fuel to the remaining turbines in Afam and Ughelli.
Furthermore, Transcorp Power targets 750MW available capacity by year-end, with an average generation of 528MW across 2025. Trans-Afam Power targets 378MW available capacity and 294MW average generation after completing grid connections for the relocated turbines.
Omogiafo stated that both subsidiaries pursue bilateral contracts with Distribution Companies (DisCos) and eligible customers, and collaborate with grid operators to deliver more electricity to end-users.
In addition, Uzo Oshogwe, CEO of Transcorp Hotels Plc, confirmed that the Transcorp Ikoyi Hotel project is progressing steadily. The company secured government approvals, completed piling, and entered the final tender stage to select grade-A contractors. The 24-storey hotel will feature 315 rooms, a 900-seater ballroom, and modern facilities.
Transcorp also reported strong Q3 2025 results. The power sector generated ₦341.1bn in revenue and ₦93.2bn profit before tax (PBT), while the hospitality division recorded ₦72.3bn revenue and ₦22.4bn PBT, surpassing its 2024 full-year performance.
Group CFO Festus Izevbizua stated that the company based its impairment provisions on IFRS 9 metrics and will reverse them once NBET settles its outstanding receivables. He confirmed that Transcorp has begun assessing the impact of Nigeria’s new tax regime set to take effect on January 1, 2026.
Transcorp Power CEO Peter Ikenga reaffirmed the company’s integrated power strategy, targeting 750MW available capacity by 2026. He said Transcorp sources gas from multiple suppliers at competitive rates to control costs and improve operational efficiency.
Transafam Power CEO Vincent Ozoude stated that the subsidiary currently generates 348MW and is expected to reach 378MW by year-end. He noted that the company actively partners with the Nigerian Electricity Regulatory Commission (NERC), the Transmission Company of Nigeria (TCN), and the Nigerian Independent System Operator (NISO) to enhance Nigeria’s power infrastructure.