Transforming the hospitality experience across the continent
Transcorp Hotels Plc is the hospitality subsidiary of Transnational Corporation of Nigeria Plc (Transcorp). Transcorp Hotels Plc aims to build Africa’s choice hospitality assets, starting from Nigeria but building a strong footprint in high population cities across the West-African region.
Transcorp Hotels Plc, the pride and pearl of the Nigerian hospitality industry owns a multiple award-winning property in Abuja, the Transcorp Hilton Abuja and an equally award-winning destination hotel in Calabar, Transcorp Hotels Calabar and has planned properties in both Lagos and Port Harcourt.
Transcorp Hotels Plc continues to achieve excellence within the hospitality industry and develop strategies in the medium to long term that position the company as a key industry player on the continent. With over 15 local and international Awards won in 2017 alone, Transcorp Hotels Plc continues to set the pace in hospitality excellence in Nigeria and on the Continent.
A consistent leader in power generation
In Septemer 2012, during the privatization of Nigeria’s national power assets, Transcorp Plc won the bid for the Federal Government of Nigeria’s distressed power generating company, Ughelli Power Plc – operator of Ughelli Power Plant. The $300 million investment was part of strategic investor Heirs Holdings’ commitment to USAID’s Power Africa initiative.
In November 2015, Transcorp Ughelli Power Limited and Ughelli Power Plc merged, and Transcorp Power Limited was born. The merger harmonized the management and operations of Transcorp’s power business for greater efficiency.
When Transcorp took ownership of the 1000MW capacity plant in 2013, our mission was to take it from generating only 160MW of power daily, back to producing at its full 972MW capacity.
Today, Transcorp Power has increased its generating capacity by 525%, and plans to grow it to over 3,000MW in the next five years.
What we do at Transcorp Power Limited goes beyond simply generating power. We power millions, of homes, schools, hospitals and businesses and focus on increasing our generating capacity because we realize every additional megawatt will power at least a thousand more.
For more information on our investments in power and how the Nigerian power sector works, click on the visit website button.
Spearheading upstream petroleum development.
The Oil & Gas activities of Transcorp are carried out by its fully owned subsidiaries, Transcorp Energy Limited and Transcorp OPL 281 Nigeria Limited. Transcorp Energy Limited was established in 2008 to spearhead Transcorp’s push into the energy sector and Transcorp OPL 281 Nigeria Limited oversees the petroleum operations of Transcorp’s oil block, OPL 281 located in Burutu, Delta State. Transcorp entered into a Production Sharing Contract (PSC) with the Nigerian National Petroleum Corporation (NNPC) for the development of OPL 281. Under the PSC, which is for a term of 25 years effective May 2, 2014, Transcorp holds 100% Contractor Participating Interest in the oil block. OPL 281 is an onshore block covering an area of 138 sq. km in the Western Delta region of Nigeria.