…Receives Certificate of Discharge
Chairman of Transnational Corporation Plc (Transcorp), and Founder of United Bank for Africa, Tony Elumelu, has disclosed that Transcorp generates 789MW of electricity, placing its total contribution to Nigeria’s National grid at 16%.
Mr Elumelu made this known in a post on his Twitter handle while receiving a discharge certificate from the Bureau of Public Enterprises led by the Vice President, Professor Yemi Osinbajo, on Monday.
While stating it was the first privatized power generation company in Nigeria to fulfil all privatisation obligations and received a discharge certificate from the Federal Government of Nigeria since the 2013 privatisation of the power sector in Nigeria, the chairman said Transcop has enriched lives and improved the community operating a 100% Nigerian-run plant.
Today, Transcorp generates 789MW of electricity, placing Transcorp’s total contribution to the National grid at 16% – powering homes, schools, hospitals and enabling industrialisation.
— Tony O. Elumelu, CFR (@TonyOElumelu) May 8, 2023
His words are; “We all know how critical access to electricity is to the Nigerian economy. Robust, plentiful power, delivered across our country will be transformative.
“Improved access to electricity yields life enhancing changes to our schools, hospitals, homes and industries.
“At Transcorp Group we are transforming a vision into a reality. We do not only have the vision – but have turned that vision into reality.
“Transcorp made History today. It became the first privatized power generation company in Nigeria to fulfil all privatisation obligations and receive a discharge certificate from the Federal Government of Nigeria since the 2013 privatisation of the power sector in Nigeria.
“Today, Transcorp generates 789MW of electricity, placing Transcorp’s total contribution to the National grid at 16% – powering homes, schools, hospitals and enabling industrialisation.
“At Transcorp Group, we do well and do good. We have grown together with our Host communities, enriching lives, and improving the community – operating a 100% Nigerian-run plant, creating jobs and reducing unemployment in the country.”
