TRANSCORP | Transnational Corporation Of Nigeria Company Update : Capacity ramp-up to support earnings
TRANSCORP's aggressive growth strategy has translated into consistent upgrades in the power business, with installed capacity increasing by 25.8% to 590MW in FY'21. This trend continued in FY'22, with another 241MW added, even though a weaker gas supply in Q3'22 trimmed output. However, we do not expect similar gas shortages in 2023, given that the restoration of the Trans-Forcados pipeline has alleviated gas distribution constraints. ...