Transcorp to develop oil and gas assets – Elumelu

Transcorp’s Chairman, Tony Elumelu, informed shareholders at the 12th Annual General Meeting of Transcorp, of the Board’s commitment towards developing the company’s oil and gas assets, as well as optimizing the huge gas deposit in OPL 281, by constructing a 40 km gas pipeline for dedicated gas supply to Transcorp’s power plant at Ughelli, Petroleum news reports.

This, he noted, is part of the energy value-chain optimization strategy of Transcorp, which was directed at creating the leading infrastructure player in Nigeria, playing the dominant role in bridging Nigeria’s infrastructure and power deficits.

Transcorp has recorded the exceptional feat of increasing the available capacity of its power generation plant from 160MW, when acquired in 2013, to 701MW by November 2017, surpassing the demanding performance target of 670MW by August 2018, set for Transcorp by the Bureau for Public Enterprises in 2013.

You may also like...

Leave a Reply

Show Buttons
Hide Buttons
%d bloggers like this: