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TransAfam Power Ltd, a subsidiary of Transcorp Group, has announced the completion of the rehabilitation of its Afam 5 GT unit 20 Gas Turbine power-generating unit located at Okoloma – Afam, Ndoki in Oyigbo Local Government Area of Rivers State. ....
Transcorp Shareholders Salute Strong Q1 2021 Profit Boost Posted by Oludare FaseAfrican News, Business, Featured, Latest News Monday, May 3rd, 2021 (AFRICAN EXAMINER) – Shareholders of Nigeria’s leading diversified conglomerate, Transnational Corporation of Nigeria Plc (“Transcorp”), showed their strong confidence in the Board and management, at the Group’s 15th Annual General Meeting (AGM), which took place this week at the Transcorp Hilton Abuja. The shareholders commended the company for declaring dividends, noting that despite the negative impact of the Covid-19 pandemic on the Group’s hospitality subsidiary, Transcorp remained committed to rewarding shareholders. They were impressed by the significant advances in the Group’s integrated energy strategy, with the acquisition of Afam Power Plant Plc and Afam III Fast Power Ltd, delivering on the Group’s promise to power Nigeria and change lives. They commended the resilience a ....
Transcorp affirms commitment to expansion after Q1 profit rise Transcorp acquired two state-owned power assets – Afam Power Plant Plc and Afam III Fast Power Limited – for N105.3 billion. ADVERTISEMENT Transnational Corporation of Nigeria (Transcorp) Plc has said it will continue to pursue expansion in accordance with its mission to improve lives and transform Nigeria. The conglomerate noted in a press release seen by PREMIUM TIMES that shareholders expressed confidence in its board and leadership at its recently held 15th annual general meeting, which followed a jump of 2,427 per cent in the first quarter profit. Transcorp acquired two state-owned power assets – Afam Power Plant Plc and Afam III Fast Power Limited – for N105.3billion, bringing its installed capacity to 2,000 megawatts. ....
•Ozoude, Ikenga lead Trans-Afam Power, Transcorp Energy Dike Onwuamaeze The Board of Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s largest listed conglomerate and a leading investor in the energy sector, has announced the appointment of Mr. Victor Famuyibo and Mallam Ahmadu Sambo to its board of directors. The appointment became effective from April 22, 2021. The group, in a statement at the weekend, also formally announced the appointment of two new members of its executive management team: Mr. Vincent Ozoude, as MD/CEO of Trans-Afam Power Limited and Mr. Peter Ikenga, as MD/CEO of Transcorp Energy Limited. Famuyibo joined the board with deep experience and knowledge in human resources and personnel management. He worked with multinational companies such as UAC Nigeria, Heineken International and Nigerian Breweries Plc, where he led numerous teams to drive strong employee engagement, the statement added. ....