L-R: CEO, Vetiva Capital, Chuka Eseka; Non-Executive Director, Nigerian Exchange Group, Mr. Nonso Okpala; President/GCEO, Transnational Corporation(Transcorp) Plc, Dr. Owen Omogiafo; Acting CEO, Nigerian Exchange Group, Jude Chiemeka; Managing Director/CEO, Transcorp Power Plc, Engr. Peter Ikenga; Group Chairman, Transcorp Plc, Mr. Tony Elumelu; Chairman, Nigerian Exchange Group, Dr. Umaru Kwairanga; Non-Executive Director, Transcorp Power Plc, Peter Hertog; Chairman, Transcorp Power Plc, Mr. Emmanuel Nnorom; Chief Financial Officer, Transcorp Plc, Evans Okpogoro; Non-Executive Director, Transcorp Power Plc, Risqua Muhammed; Head, Broker Dealer Regulation, Nigerian Exchange Group, Olufemi Shobanjo; Non-Executive Director, Transcorp Group, Mrs Foluke Adulrasak, during the Facts Behind the Listing and Closing Gong Ceremony of Transcorp Power Plc to commemorate the Listing by Introduction of 7,500,000,000 Ordinary Shares of 50 kobo each at N240.00 per share on Nigerian Exchange Limited today in Lagos.

Transcorp Power officially lists on NGX

Transcorp Power Plc has officially listed by  Introduction on the  the main board of the Nigerian Exchange (NGX), on Monday, March 4, 2024.

In a statement on board, Transcorp Power Plc announced that it was listing by introduction.

Transcorp Power Plc is a subsidiary of Transnational Corporation Plc (Transcorp Group).

Following this listing, Transcorp Group will have two subsidiaries listed on the NGX, demonstrating further its commitment to creating value for the Nigerian public and catalyzing economic growth in Nigeria.  Transcorp Group will continue to maintain a significant holding in Transcorp Power Plc.

Transcorp Power operates the Ughelli Power Plant in Delta State, with an installed capacity of 972MW.  At the time of acquisition, the plant had an available capacity of 160MW.  Transcorp Power invested and increased the available capacity to 680.83MW (a 227 percent increase) within four years of acquisition, surpassing the 5-year target of 670MW set by the Bureau of Public Enterprises. Transcorp Power Plc is a member of the West African Power Pool and a participant in the ECOWAS Regional Electricity Market.  Today, Transcorp Power supplies electricity to the ECOWAS Regional Market.

Transcorp Power Plc also hosted a “Facts Behind the Listing” at the NGX Group House at 2:45pm, where the Management of TP Plc, led by the Chief Executive Officer, Mr. Peter Ikenga provided information to Brokers, DealersTrading License Holders, Analysts, Press and Investors about the listing and the companythe Company.

Transcorp Group’s power businesses, Transcorp Power Plc and Transafam Power, provide 15 percent of Nigeria’s installed power capacity.

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