Transcorp Power PLC
NNSENG:TRANSPOWER178.00
NGN
0.00
(0.00%)
ISIN
NGTRANSPOWE3
Return %
Stock
S&P 500
1Y
-47.95
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Peter Ikenga
- Full Time Employees
- 214
- Sector
- Utilities
- Industry
- Electric utilities
- Address
- Ikoyi Nigeria
- IPO Date
- Mar 4, 2024
- Website
- transcorppower.com
- Similar Companies
- Business
- Transcorp Power PLC is an electric power generation company that develops, operates, and maintains gas-fired thermal energy assets to generate and supply bulk electricity across Nigeria and the West African sub-region. The company operates as a core subsidiary of Transnational Corporation Plc (Transcorp Group) within the conventional electricity and utilities sector. Its core products and service offerings encompass wholesale electric power generation utilizing open-cycle gas turbine technologies; grid-connected baseload and peak-load electricity transmission via the national interconnected network; ancillary grid services, including black-start capability, spinning reserve provision, reactive power management, and grid frequency regulation; cross-border power trading and energy export programs through the West African Power Pool (WAPP); power asset operation and maintenance (O&M) services; thermal power engineering and instrumentation diagnostics; and gas turbine overhaul, inspection, and balance-of-plant rehabilitation services. Transcorp Power supplies power to the Nigerian Bulk Electricity Trading Plc (NBET), electricity distribution companies (DisCos), large-scale commercial and industrial off-takers under bilateral contracts, and international cross-border utility customers, including the Société Béninoise d'Énergie Électrique (SBEE) in Benin Republic. The company's principal operational asset is the 972-megawatt (MW) capacity Ughelli Power Plant situated in Delta State, Nigeria. Founded in 2012 and headquartered in Abuja, Nigeria, Transcorp Power operates primarily in Nigeria with commercial trade channels spanning broader West Africa. In recent developments, Transcorp Power completed a public listing by introduction of its ordinary shares on the Main Board of the Nigerian Exchange (NGX) under the ticker TRANSPOWER. Furthermore, the company has executed multi-year turbine rehabilitation and return-to-service programs to scale available generation capacity toward full installed capability, secured strategic long-term gas supply and technical services agreements with international equipment manufacturers, and expanded its bilateral export deliveries across the West African regional electricity market.