Transcorp Power Limited (TPL), one of the power subsidiaries of Nigeria’s leading conglomerate, Transnational Corporation Plc (TRANSCORP), has been appointed member of the Executive Board of the West African Power Pool (WAPP).
Transcorp Power’s appointment was announced at the 18th Session of the WAPP General Assembly, held on November 10, 2023 in Nouakchott, Mauritania.
TPL, according to a statement obtained by THISDAY, yesterday, was admitted as a member of WAPP in 2019 and has since then been an active member of the body.
The WAPP Executive Board is responsible for implementing the decisions of the WAPP General Assembly, the organisation’s highest decision body, composed of all the member utilities. The Executive Board is the most empowered to ensure the realisation of WAPP mission and objectives.
TPL is a single cycle 972 megawatts (MW) installed capacity power generating plant located in Ughelli, Delta State.
Commenting on the appointment, Managing Director and Chief Executive Officer of Transcorp Power Limited, Peter Ikenga, expressed TPL’s commitment towards advancing the subregional electricity body’s goals and objectives of improving lives and transforming Africa.
“As a member of the WAPP Executive Board, Transcorp Power Limited is committed to our core purpose of improving lives and transforming Africa and to actively contribute to the realisation of WAPP’s mission and objectives.
“We believe that collaboration within the WAPP community is crucial for achieving sustainable progress in the power sector, and we are excited to play a key role in shaping the future of energy in the ECOWAS sub-region,” Ikenga said.
In May 2023, TPL became the first power company to receive its certificate of discharge from the National Council of Privatisation, reflecting the company’s sustained corporate transformation since 2013, when Transcorp acquired it under the Power Sector Transformation. The company, which recently celebrated its 10th year anniversary is a key player in the Nigerian and West African power sector.