Transcorp Power Limited, a key subsidiary of Transcorp Group, commemorated a decade of powering growth and societal impact on Sunday, December 10, 2023, as it celebrated its 10th anniversary.
Emerging from Transcorp Group’s mission to uplift lives and revolutionise Africa through investments in pivotal economic sectors, the company made a strategic move in 2013 by investing in the 972 MW Ughelli Power Plant.
The growth trajectory of Transcorp Power over the last decade has elevated its status to that of one of the nation’s premier power companies, according to a statement from the company.
Earlier this year, the company achieved a historic milestone by becoming the first power generation company to complete post-privatisation monitoring by the Bureau of Public Enterprise (BPE), meeting the stringent requirements of post-acquisition plan (PAP) compliance.
Reflecting on this journey, Peter Ikenga, Managing Director/CEO of Transcorp Power Limited, stressed the importance of resilience, innovation, and an unshaken dedication to propelling progress.
“As we celebrate the 10th anniversary of Transcorp Power Limited, we reflect on a decade of impactful contributions to the energy sector. I am immensely proud of our team’s dedication and the milestones we’ve achieved,” Ikenga said, adding that the anniversary is not just a testament to the company’s past successes but a springboard for the future.
Apart from its important role in the energy sector, Transcorp Power has actively engaged with its host community, initiating various community-based programmes aimed at enhancing livelihoods.
Notable among these initiatives is a vocational skills acquisition programme, which empowers over 200 individuals. Additionally, the company’s adoption of the Transcorp Staff School following the Ughelli Plant acquisition has been instrumental in providing high-quality education to the community’s children.
“We remain committed to driving positive change and being a catalyst for sustainable development. Thanks to our team, stakeholders, and the communities we serve for being integral parts of this incredible journey. Here’s to the next decade of powering possibilities and lighting up the path to a brighter future,” Ikenga added.
In a celebratory event held in Warri, Delta State, Transcorp Power honoured employees who have been instrumental since the day the company was created, recognising their pivotal role in its accomplishments over the past decade.
Acknowledging Transcorp Power’s significant contributions to the power sector, the company has recently received prestigious international accolades, including the Leading Power Generation Company Nigeria 2023 by the International Business Magazine Awards and recognition as the Most Sustainable Power Company Nigeria 2023 at the 2023 World Business Outlook Awards.