Archives Tag: Transcorp
Transcorp, NNPC Sign Production Sharing Contract
April 19, 2022
Transnational Corporation of Nigeria (Transcorp) and the Nigerian National Petroleum Corporation (NNPC) signed a production sharing contract (PSC) last Friday for the exploration and production of Oil Prospecting Lease (OPL) 281. Transcorp has committed itself to a work programme to prove and develop an estimated 104 million barrels of oil reserves, an additional … Continue reading Transcorp, NNPC Sign Production Sharing Contract
By elizabeth
Transcorp Partners with General Electric to Improve Power Generation in Nigeria
April 19, 2022
Transcorp Ughelli Power Ltd (TUPL), the power subsidiary of Transnational Corporation of Nigeria, and General Electric (GE) have signed an agreement to expand the capacity of TUPL’s Ughelli power plant by 1000MW over the next 3 to 5 years. Both parties have also signed a separate agreement to rehabilitate the damaged GT 15 turbine at … Continue reading Transcorp Partners with General Electric to Improve Power Generation in Nigeria
Transcorp Records Huge Growth
April 19, 2022
Heirs Holdings, the pan-African proprietary investment company with interests in key economic sectors, has demonstrated its transformational ability over ailing businesses as one of its major investments, Transnational Corporation of Nigeria Plc (Transcorp), presented its achievements of 2013 to the Nigerian Stock Exchange (NSE) recently. Key accomplishments for Transcorp in 2013 include the acquisition of the … Continue reading Transcorp Records Huge Growth
Transcorp, Bid Winner for Ughelli Power Plant, Signs With BPE to Take Over
April 19, 2022
The official signing ceremony for the winning bidders of the privatization of the Power Holding Company of Nigeria (PHCN), was held yesterday at the Presidential Villa in Abuja. The ceremony, hosted by the Bureau for Public Enterprises (BPE) and presided over by Minister of Power Professor Chinedu Nebo, had representatives from the five generating and 10 … Continue reading Transcorp, Bid Winner for Ughelli Power Plant, Signs With BPE to Take Over
GE Signs Strategic Partnership Agreement With Dangote Group
April 19, 2022
The visit, last week, of General Electric’s CEO, Jeff Immelt, to Nigeria, that had him announce an energy investment deal, and a deal with Transcorp, also produced another, on infrastructural development, with Dangote Group. This will have both organizations collaborate on transportation (railway) and energy projects, with joint investment and oversight. The strategic partnership of … Continue reading GE Signs Strategic Partnership Agreement With Dangote Group
