Transcorp Ughelli Power performance excites shareholders

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Transcorp Ughelli Power Limited (TUPL), the power generation and investment subsidiary of Nigerian conglomerate Transcorp Plc, says it increased generation capacity from 342MW at December 2013, to 610MW at the end of 2014, a 78 percent increase year-over-year and a 300 percent increase from takeover and this year.
At its 2nd Annual General Meeting the firm reports detailed outstanding progress during the first full calendar year of operations at Ughelli Power Plant, the Group’s power generating asset and Nigeria’s largest gas-powered generating company.
In the CEO’s statement, Adeoye Fadeyibi outlines TUPL’s “short term, post-acquisition operational strategy — one based largely around the …Read More

Source:: New Mail