Key Points
- Transcorp will add 150MW to boost Nigeria’s power supply.
- Renewables partnership with REA highlights Transcorp’s commitment to clean energy.
- Gas shortages prevent Transcorp from reaching its full power capacity.
The Group Chief Executive Officer of Transcorp Group, Owen Omogiafo, announced that Transcorp Power is planning to generate an additional 150 megawatts of electricity, even as the company grapples with ongoing gas supply challenges that affect its thermal plants. Omogiafo made this statement during an interview with Arise News at the Future Investment Initiative conference in Saudi Arabia.
Transcorp’s commitment to renewable energy partnerships
Omogiafo revealed that Transcorp recently signed a memorandum of understanding (MoU) with Nigeria’s Rural Electrification Agency, marking a strategic shift toward renewable energy. “We are working assiduously to ensure that we are closing the energy gap,” she said. “One of our primary focuses at Transcorp Group is increasing energy availability through investment and partnerships in renewables. This MoU will enable us to bring 150 megawatts of additional capacity into Nigeria’s energy sector.”
Gas shortages impact Transcorp’s power output
The GCEO also highlighted that gas shortages remain a critical issue, restricting Transcorp’s ability to fully leverage its existing thermal infrastructure. She cited the example of the Afam power plant in Rivers State, which has a capacity of 301 megawatts but is currently supplying only 100 megawatts due to limited gas availability.
“Nigeria has an installed capacity of about 13,000 megawatts, but we’re producing only about 5,000 megawatts,” Omogiafo explained. “If we had a stronger, integrated gas-to-power strategy, we could bridge the energy gap in Nigeria—and potentially across Africa. This approach would unlock the vast energy potential within our continent.”
Omogiafo’s comments showscases the urgent need for better infrastructure to support Nigeria’s energy goals and highlight Transcorp’s dual approach: expanding renewable energy partnerships while advocating for improved gas supply strategies.
