Transcorp Power’s CEO, Chris Ezeafulukwe, to Speak at Power & Water Nigeria Conference.

News
Editor
July 4, 2023
0
139
3 minutes read

ALIMOTU SHADIAT

Chris Ezeafulukwe, Managing Director and CEO of Transcorp Power, the power subsidiary of Transcorp Group, will be a featured speaker at the upcoming Power & Water Nigeria Exhibition & Conference.

The event, which takes place in Lagos from July 4 to 6 2023, will bring together industry experts, stakeholders, and thought leaders to discuss the latest trends and developments in the power and water sectors.The Transcorp Power MD will be participating in a panel discussion titled “The Evolving Industry Landscape to Manage Liquidity and Boost Secured Digital Payments.”

This session, which promises to be insightful, will delve into the significance of digital payments within the power sector and its potential to enhance liquidity while addressing the concerns of electricity consumers.

Ezeafulukwe will provide expert insights and share Transcorp Power’s experiences in incorporating digital payments into their operations.The panel discussion will explore several key areas, including how digital payments fit into the generation, transmission, and distribution value chain of the Nigerian power sector, especially its impact on liquidity.

Chris Ezeafulukwe’s participation in this panel reflects Transcorp Power’s commitment to innovation and customer-centric solutions within the Nigerian power sector. His expertise and experience will contribute valuable insights to the discussion, shedding light on the transformative potential of digital payments in improving the industry landscape.

The Power & Water Nigeria Exhibition & Conference provides an excellent platform for industry professionals to engage in meaningful discussions and explore collaborative opportunities.

Transcorp Power is one of Nigeria’s most important generation companies and owner of the Ughelli Power Plant. The plant commissioned in 1966 with an installed capacity of 972MW had seen capacity drop to 300MW, before it became an asset of Transnational Corporation of Nigeria Plc (now Transnational Corporation Plc) in 2013, under the company’s power subsidiary, Transcorp Power Limited.

Having satisfied the requirements to end post-privatisation monitoring, the company was issued a discharge certificate. The requirements include available capacity, capital expenditure, human resources, health, safety and environment and corporate social responsibility.

Speaking at the discharge certificate presentation event in May, Director-General, Bureau of Public Enterprise, Alex Okoh, explained that the discharge certificate became necessary after an evaluation showed that the plant’s generation capacity under Transcorp Power grew by 227 per cent in a decade.“The company has achieved an available capacity of 680.8 megawatts, which surpasses the minimum performance target of 670 megawatts.

Capital expenditure totaling N58.6bn was the covenant established for phases one and two of the post-acquisition plan, while actual investments made by the current investor were in the sum of N83.85bn. All the agreed benchmarks on human resources, health, safety and environment and corporate social responsibility have also been achieved.”