• Contact Us
  • About Us
Saturday, March 25, 2023
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
Home Energy

Transcorp Increases Power Generation To National Grid, Commissions Rehabilitated GT Unit 20

metro by metro
January 31, 2023
in Energy
0
Transcorp Increases Power Generation To National Grid, Commissions Rehabilitated GT Unit 20
0
SHARES
0
VIEWS
TransAfam Power Ltd, a subsidiary of Transcorp Group, has announced the completion of the rehabilitation of its Afam 5 GT unit 20 Gas Turbine power-generating unit located at Okoloma – Afam, Ndoki in Oyigbo Local Government Area of Rivers State.
 The rehabilitated unit, which has been successfully commissioned and synchronized to the national grid, bringing an additional 138MW to its existing capacity.
Engr. Vincent Ozoude, MD/CEO of Transafam Power Limited expressed his delight about the newly rehabilitated unit, which is able to power up to 100,000 homes in a year.
 “Since the administrative handover of the Afam Power Plant in March 2021, we have been working diligently to realize the full potential of the plant. We are pleased to have successfully completed the rehabilitation of GT20, having been out of service for over 15 years prior to our takeover. We are glad to have achieved this feat, using a combination of our in-house resources and other local technical support, with about 20% of foreign expert support in the rehabilitation project, showing our commitment to local content development,” Ozoude said.
“It is impressive how far we have come from 48MW average generation, when we took over, to raising production to 120 MW generation within the first two months,”  MD added, as he expressed appreciation to the company’s host community, Okoloma-Ndoki, and other stakeholders.
Dr. Owen Omogiafo, President and Group CEO of Transcorp, who was accompanied by the members of the Technical Committee of the Board of Directors, expressed delight at the commissioning of the rehabilitated Afam 5 GT 20 power generating unit, stressing its significance to Transcorp Group and their commitment to transforming the power sector in Nigeria.
“Our purpose at Transcorp Group is to Improve Lives and Transform Africa, one investment at time. We are pleased at the progress we are making to expand access to electricity in Nigeria through our investments in the power sector,” Dr. Omogiafo said.
ALSO READ:UBA Appoints Abiola Bawuah As First Female CEO For Africa Operations
 “You cannot achieve sustainable economic transformation without reliable power supply. It is that understanding that has led us at Transcorp, under the leadership of our Group Chairman, Mr. Tony O. Elumelu CFR to invest in the power sector. We are happy with the progress we are making in our power plants and strive to continue to optimize our available generation capacity, with improved gas supply, which has become increasingly challenging. We will also continue to build our local capacity by investing in human capital development and positive engagement with our host communities and stakeholders” Omogiafo added.
Transcorp Group had in 2013, through its power subsidiary, Transcorp Power Limited (TPL), acquired the 972MW gas-fired Ughelli Power Plant, which has since been phenomenally transformed. With the acquisition of Afam Power Plc, Transcorp has further cemented its position as a key player in the power sector.

Read Also

Ghana Removes subsidy, Creates Special Fund To Stabilise Sector, Nigeria Now To Act Before Administration Exits

Bill & Melinda Gates Foundation Reaffirms Commitment to African Countries to Help Accelerate Progress in Health, Agriculture, Gender Equality and Other Critical Areas

NMDPRA Urges Nigerians To Avoid Panic Buying Of Petrol, Says There’s Enough In Stock 

Previous Post

Libya: human rights abuses must be addressed, says UN probe

Next Post

Heal by hair: Bluemind Foundation launches the second edition of the first movement of hairdresser ambassadors for mental health in africa  

Related Posts

Citing Losses, Petrol Marketers Suspend Sale Of Fuel At All Filling Stations
Energy

Ghana Removes subsidy, Creates Special Fund To Stabilise Sector, Nigeria Now To Act Before Administration Exits

March 16, 2023
Agriculture

Bill & Melinda Gates Foundation Reaffirms Commitment to African Countries to Help Accelerate Progress in Health, Agriculture, Gender Equality and Other Critical Areas

November 17, 2022
Energy

NMDPRA Urges Nigerians To Avoid Panic Buying Of Petrol, Says There’s Enough In Stock 

October 25, 2022
Commuters Stranded As Fuel Queues Resurface In Lagos
Energy

Commuters Stranded As Fuel Queues Resurface In Lagos

October 25, 2022
Next Post

Heal by hair: Bluemind Foundation launches the second edition of the first movement of hairdresser ambassadors for mental health in africa  

Banks comply with CBN’s Directive on weekend Services, Ration Cash To customers

Banks comply with CBN’s Directive on weekend Services, Ration Cash To customers

March 25, 2023
CBN

Cash Crunch : CBN Appeals To Customers For Patience, Confirms Evacuation Of Banknotes To DMBs

March 24, 2023
Federal High Court Reverses Ratification Of Joyce Oduah’s Suspension As NBA Secretary General

PEPC Grants Atiku, Peter Obi’s Request To Serve Petitions On Tinubu Through APC 

March 24, 2023
ADVERTISEMENT
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version