Transcorp to Raise $1b to Build Power Plants
Transnational Corporation of Nigeria (TRANSCORP) is positioned to boost Nigeria’s power needs through its recently acquired Ugheli Power plant in the Niger delta and plans to boost its output to 700 megawatts by the end of the year after spending as much as $300 million on turbine repairs, Chief Executive Officer Obinna Ufudo said. An increase in […]
Invitation: ESQ Oil and Gas Summit 2013
Notwithstanding the prolonged reforms of the legal and regulatory framework governing petroleum operations in the Nigerian oil and gas industry, especially due to the non-passage of the Petroleum Industry Bill (PIB), international and local companies continue to find and take advantage of several investment opportunities. Such opportunities arise amid substantial legal risks and regulatory challenges. […]