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[ MAIN ]NEWSPOWER & ENERGY

Transcorp Ughelli Power Plant Eyes 2,200 Megawatts by 2017

Core investors in Ughelli Power plant, Transcorp Ughelli Power Limited, has unveiled plans to increase the generating capacity of the plant from 972 megawatts (Mw) to 2,200Megawatts in the next three years.

Chief Executive Officer, Adeoye Fadeyibi, who spoke during the visit of the post-privatization monitoring team of the Bureau of Public Enterprises (BPE) to the plant, said on takeover of the plant on November 1, 2013, the core investor inherited only four operational turbines generating only 160MW of power.

Fadeyibi, who was represented by the Chief Finance Officer, Olukunle Fagbayi, said that in June, the core investor had rehabilitated and made 13 out of the 18 units fully operational and generating about 635MW of available capacity.

He said according to the company’s generation forecast, by December, 2015, the generation capacity would be raised to about 850Mw and in December 2017 to about 1,650Mw and 2,200Mw in 2018.

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