Transnational Corporation Plc (Transcorp) has transferred four of its eight turbines from the Afam Power Plant in Rivers State to the Ughelli Power Plant in Delta State. The shift aims to maximize gas availability in the western corridor and boost power generation for millions of Nigerians.
Key Highlights:
- Transcorp relocates four turbines from Rivers to Delta; improved gas supply drives higher output; company targets 750MW capacity by year-end; profits surge 20.5% to N91.4bn.
Announcing the development during the company’s third-quarter investors’ call, Transcorp President and Group CEO, Dr. Owen Omogiafo, said the relocation was driven by necessity and innovation. “We have eight new turbines in the Afam axis of Rivers State, but due to gas challenges, we took the bold step, supported by regulators and our board, to relocate four turbines to Delta,” she explained.
According to Omogiafo, the move has already improved electricity generation, thanks to stronger gas supply in the western region. She credited the success to Transcorp’s partnership with Heirs Energies, which recently revived a dormant gas well supplying fuel to both Afam and Ughelli plants. “We can now generate more power because gas availability is stronger in Delta than in the eastern corridor,” she added.
Transcorp, chaired by Nigerian billionaire Tony Elumelu through HH Capital and Heirs Holdings, owns Transcorp Power Plc and Transafam Power, two subsidiaries that collectively contribute more than 20 percent of Nigeria’s installed electricity capacity. This turbine transfer, analysts say, marks one of the most significant private-sector interventions in stabilizing the nation’s fragile power grid.
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Looking ahead, Transcorp Power aims to achieve 750 megawatts (MW) of available capacity by the end of 2025, with an average generation target of 528 MW. For Transafam Power, the goal is 378 MW of available capacity, with 294 MW currently active. One of the relocated turbines is already connected to the national grid and generating power.
Omogiafo said the company will intensify efforts to sign bilateral power supply contracts with distribution companies (DisCos) and eligible customers, while working with the Transmission Company of Nigeria (TCN) to improve grid efficiency.
Transcorp’s financial results reflect strong momentum in its energy portfolio. For the nine months ending September 30, 2025, the company recorded a 20.5 percent rise in profit after tax to N91.4 billion, up from N75.9 billion in the same period last year. Revenue climbed to N413.4 billion, driven by higher power generation and a rebound in its hospitality business. Total assets now stand at N940.8 billion, with retained earnings of N149.7 billion.
Industry experts view the turbine relocation as a strategic breakthrough that could reshape Nigeria’s power landscape. With the country’s installed capacity hovering around 13,000 MW but actual generation often below 6,000 MW, Transcorp’s initiative offers renewed optimism for improved energy reliability, industrial growth, and economic recovery.
