Transcorp Power Plc Stock

Transcorp Power Plc is a Nigeria-based power generation company, providing power to homes, communities, and businesses within Nigeria and the West-African subregion. The Company is engaged in the business of generation and sales of electric power. It also provides ancillary services of black start service to Transmission Company of Nigeria (TCN). The Company has approximately 18 gas turbines of different capacities comprising 12 Hitachi H25 gas turbines of 23.8MW capacity each and six Frame 9E General Electric (GE) gas turbines of 100MW capacity each. The power plant is an open cycle natural gas fired power generating facility. The plant has an installed capacity of approximately 972 MW and can generate 2,500 GWh of electricity annually.