Once completed, ongoing upgrades and repairs to Trans Afam Power Limited (TAPL) and Transcorp Power Limited (TPL) power plants will mean more available electricity capacity in Nigeria.
The Transnational Corporation of Nigeria (Transcorp) say they plan to increase the combined available capacity at TPL and TAPL to 843MW.
Specifically, the company said it plans to raise average available capacity to 677MW and 166MW for TPL and TAPL respectively. The current available capacity for TPL and TAPL are 539MW and 120MW respectively.
Speaking at the company’s ‘Q3′ 2021 analyst’s presentation and investors conference call’, Vanguard daily newspapers reports that Owen Omogiafo, President/Group CEO of Transcorp Plc, said the company would leverage strategic relationships to sell its stranded capacity through the West African Power Project (WAPP), partnership with Discos and eligible customers among others.
“60% of the population or 117 million people have some level of access to grid electricity. With a generation capacity of about 32%, there is a large gap to be filled in the power industry. Given the gap in the sector and the increasing demand for electricity, the power sector remains an attractive investment choice. Our plants are undergoing significant upgrades and repairs that will significantly increase the available capacity by December 2021.
“We plan to have an extensive engagement with TCN towards resolving several transmission challenges which are affecting our generation and evacuation capabilities,” she said.