PHOTOS: Transcorp receives discharge certificate for power plant
Transcorp Chairman, Mr Tony Elumelu, receiving discharge certificate from Vice President Yemi Osinbajo on Monday, May 7, 2023
Vice President Yemi Osinbajo has presented a post-privatisation discharge certificate to Transnational Corporation Plc.
The certificate was received by Transcorp Chairman, Mr Tony Elumelu.
Osinbajo presented the discharge certificate to the Chairman of Transcorp is the core investor in Ughelli Power Plant.
The discharge comes one month after the National Council on Privatisation approved the recommendations of the Bureau of Public Enterprise that Ughelli Power Plc be delisted from routine monitoring, having satisfied its core post-acquisition requirements.
Transcorp Chairman, Mr Tony Elumelu, receiving discharge certificate from Vice President Yemi Osinbajo on Monday, May 7, 2023
Sharing photos of the presentation on Monday, Elumelu wrote: “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.”
The company also celebrate the milestone. Transcorp Chairman, Mr Tony Elumelu, receiving discharge certificate from Vice President Yemi Osinbajo on Monday, May 7, 2023
In a post shared on its twitter page, the group said: “Today, we are pleased to receive the post-privatisation discharge certificate for Transcorp Power Ltd presented by Vice President, His Excellency: #ProfOsinbajo following the fulfilment of all privatization conditions.”