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Tag Archives: Transcorp acquires Afam Power for N105.3bn set to increase electricity access in Nigeria

Transcorp acquires Afam Power for N105.3bn, set to increase electricity access in Nigeria

TRANSCORP Consortium has announced the 100% acquisition of the 966MW installed capacity Afam Power Plc and Afam Three Fast Power Limited (jointly referred to as “Afam GenCo”), at an acquisition cost of N105.3bn. The announcement was made at the State House, Abuja on Thursday, November 5, 2020, during the signing ceremony between the Federal Government, represented by His Excellency, the …

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