Vice President, Prof. Yemi Osinbajo has inaugurated Transafam Energy – a subsidiary of Transnational Company Plc’s 240MW Afam Three Quick Energy plant in Afam, Rivers State. This growth brings the cumulative producing capability of the plant to 1,000MW.
Afam’s Three Quick Power plant commissioning comes after the presentation of the Discharge Certificates to Transcorp Energy Restricted by the Vice President and Chairman of the Nationwide Council on Privatization (NCP). The discharge certificates was introduced in a ceremony held on the presidential Villa Abuja on Monday, following the fulfilment of all privatisation situations set by the Bureau for Public Enterprise (BPE).
Talking on the commissioning, Osibanjo lauded Elumelu and the Transcorp group saying, “Afam Three Quick Energy is a crucial a part of the evolving story of Nigeria’s aspirations to carry electrical energy to tens of millions of their houses, factories and companies that present their livelihoods. It brings into view the significance of personal capital in build up capability alongside the ability worth chain.”
Osinbajo highlights weak spot in Nigeria’s privatisation course of
Prof Osinbajo additionally mentioned, “A significant weak spot of our privatisation course of has been the inadequacy of personal investments and new money injections. However the tide is popping with indigenous energy and personal buyers equivalent to Transcorp Energy and Heirs Holdings, making important investments such because the 100% acquisition of the 966MW put in capability in Afam Plc and Afam III quick power-Restricted collectively known as Afam Genco”
Additionally talking on the ceremony, Chairman of Transcorp Group, Tony O. Elumelu, “We recognise energy is the one most important issue to lifting our individuals out of poverty and enabling job creation. Due to this fact, I’m so proud at the moment, that now we have been in a position to carry collectively so many key stakeholders. We won’t relaxation till we all know each Nigerian has entry to the ability and the fruits of that energy, which we all know can rework our nation.”