Transcorp Power CEO Reaffirms Commitment to Powering Delta’s Economic Growth

Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group) and one of Nigeria’s leading power generation companies, has reaffirmed its readiness to partner with the Delta State Government to close the state’s power supply gaps and unlock its full economic potential.

Speaking as a panellist at the Delta State Economic and Investment Summit 2026, themed Energy Ecosystem in Delta State, held in Asaba, the Managing Director/Chief Executive Officer of Transcorp Power Plc, Engr. Peter Ikenga reiterated the earlier submission of Transcorp Plc’s Group Chairman, Mr Tony O. Elumelu, that every developmental aspiration for Delta State needs to be powered.

At the 3-day event hosted by the Governor of Delta State, Rt. Hon Sheriff Oborevwori, and attended by several dignitaries including the Vice President, Senator Kashim Shettima, and other dignitaries across the country and the world, Engr Ikenga stated that Transcorp Power Plc had been operating in Delta State for over a decade.
“We own a nearly 1,000-megawatt-capacity power plant in Ughelli, Delta State, capable of powering two million homes, industries, schools and hospitals. We are heavily vested in powering the state to greater prosperity,” he said.

Engr. Ikenga observed that Delta State is uniquely endowed for power generation, with huge gas reserves and a total grid-installed generation capacity of almost 3,000 megawatts, a significant asset if fully revived and operated at maximum potential. He identified the key gaps as the need for continuous investment in gas feedstock to power the state’s thermal plants, and the extension of transmission and distribution infrastructure across the state. “Transcorp can bring its experience to develop an integrated power strategy for Delta State, all the way from gas production and generation to investments in transmission and distribution, to power the state to progress,” he said.

“We are ready to collaborate with Delta State, to work with the government to close the gaps and deficiencies, and to bring our systems and processes to play to meet the state’s transformation objectives.”

Engr. Ikenga expressed strong confidence in the state’s prospects, describing Delta as capable of becoming a leading economic force on the continent.

“Delta State can be the number one economic engine in Nigeria, and indeed in West Africa, and Transcorp is poised to help make that a reality,” he said.

The Delta State Economic and Investment Summit 2026 convened government officials, global business leaders, investors and development partners to explore strategies for accelerating industrialisation and positioning Delta State as a leading investment destination in Nigeria. Transcorp Power’s participation underscores the Group’s enduring commitment to driving inclusive economic growth across Nigeria through reliable and sustainable power.