of nigeria plc type conglomerate industry energy agribusiness hospitality headquarters lagos nigeria key people tony elumelu group chairman emmanuel nnorom president ceo tony chukwueke director energy dupe olusola ceo teragro commodities limited products fruit juice concentrates hotels energy power slogan transcorp website http www.transcorpnigeria.com transnational corporation of nigeria plc transcorp is a diversified conglomerate with strategic investments and core interests in the hospitality agribusiness and energy sectors . 1 a publicly quoted conglomerate with a diversified shareholders base of about 290 000 investors its notable assets include transcorp hotels plc transcorp hilton hotel abuja and transcorp hotels calabar ; teragro commodities limited heirs holdings limited transcorp ughelli power limited and transcorp energy limited operator of opl 281 . 2 contents 1 origin 2 transcorp s businesses 2.1 transcorp hilton hotel abuja 2.2 transcorp hotels calabar 2.3 teragro commodities limited operator of the teragro benfruit plant benue state nigeria 2.4 transcorp energy limited operator of opl 281 2.5 transcorp power limited 3 acquisitions 4 recent partnerships 5 external links 6 references origin edit transnational corporation of nigeria plc transcorp was incorporated on november 16 2004 . the original concept was that transcorp would be a conglomerate similar to the south korean chaebols . 3 transcorp s businesses edit this article appears to contain a large number of buzzwords . specific concerns may be found on the talk page . please help improve this article if you can . april 2015 transcorp hilton hotel abuja edit transcorp hilton hotel is a 670 room 4 star hotel with accommodation dining meeting rooms and leisure facilities . 4 transcorp hotels calabar edit the 146 room transcorp hotel is a destination hotel and is located in the city of calabar cross river state nigeria . 5 teragro commodities limited operator of the teragro benfruit plant benue state nigeria edit teragro commodites limited is the agribusiness subsidiary of transcorp . 6 teragro limited runs a juice concentrate plant in the middle belt area of nigeria where the supply of agricultural raw materials are readily available . its products are offered at a business to business enterprise model . 7 transcorp energy limited operator of opl 281 edit transcorp energy was established in 2008 for upstream petroleum exploration . it is a fully owned subsidiary of transnational corporation of nigeria plc that is active across the entire energy value chain . 8 transcorp power limited edit transcorp power limited tpl is a subsidiary of transcorp . the company is the owner and operator of the ughelli power plant which was privatised by the federal government of nigeria during the privatisation of nigerian power assets . the plant has an installed capacity of 1000mw . 9 the plant is located in delta state and has an available capacity of 480 mw as at november 2015 . tupl has made full payment of 300million for the plant . acquisitions edit the hilton hotel abuja in december 2005 transcorp acquired 51 % controlling stake in the hilton abuja for the sum of 105 million equivalent at the time to n13 .7 billion after a very competitive bid . the remaining 49 % is owned by the bureau of public enterprise bpe . 10 rumens road transcorp also acquired rumens road apartments at 1 rumens road ikoyi lagos in 2005 for n377m . 11 oil blocs transcorp acquired two oil blocs in the may 2006 bidding round consolidated in one oil bloc opl 281 . ownership of the opl 281 oil bloc which had previously been revoked by the department of petroleum resources was returned to transcorp in february 2011 after the payment of the balance of the signature bonus . transcorp is already partnering with equity energy resources eer and a pan african energy company called sac oil holdings of south africa to take equity and provide resources that will bring the oil bloc into operation . 12 metropolitan hotel now transcorp hotels calabar transcorp acquired the 146 room metropolitan hotel in calabar now re branded transcorp hotels calabar in june 2010 . 13 benfruits plant on november 29 2010 transcorp signed a lease agreement with the benue state government for the benfruits juice concentrate plant in markurdi benue state . 14 ughelli power plant on september 25 2012 transcorp ughelli power limited tupl which comprises wood rock energy resources limited symbion power llc thomassen holding limited medea development s.a. tenoil petroleum and energy services limited and psl engineering and control limited won the 300m bid for the acquisition of the ughelli power plant one of the six power generation companies of the power holding company of nigeria phcn being privatised by the federal government of nigeria . the ughelli plant is a thermal power generating plant located in delta state nigeria with installed capacity of 1000mw but currently producing 330mw which accounts for 8 % of nigeria s total power generation . 15 on february 21 2013 transcorp attended the official signing ceremony at the presidential villa in abuja nigeria for the winning bidders of the privatisation of the power holding company of nigeria . the ceremony was presided over by the nigerian minister of power professor chinedu nebo and hosted by the bureau of public enterprises bpe . 16 tupl met the 25 per cent deposit deadline by paying the sum of us 75million to the bpe on march 20 2013 and on august 21 2013 tupl made payment to the bpe of 225million representing 75 per cent of the 300million bid price for the 1000 mega watts capacity ughelli power plant . on november 1 2013 the federal government of nigeria officially handed over the plant to transcorp ughelli power limited 17 recent partnerships edit on january 30 2013 transnational corporation of nigeria plc and general electric ge signed a framework agreement to collaborate to address the infrastructural needs of nigeria with emphasis on the power and transportation sectors specifically rail transportation . 18 ge a global leader in the design manufacture supply installation and maintenance of technology and services for the power sector confirmed its commitment to facilitate the generation of 10 000mw of additional power in nigeria over the next decade in line with its existing agreement with the federal government of nigeria signed in march 2012 . 19 external links edit transcorp corporate website references edit http theeconomyng.com news39.html http www.proshareng.com news 16229 http theeconomyng.com news39.html http www1.hilton.com en us hi hotel abuhitw transcorp hilton abuja index.do http www.businessdayonline.com new index.php index.php option com content & view article & id 48320 transcorp hotels unveils a new n300m facility in calabar & catid 185 hotel a resort & itemid 636 http www.thisdaylive.com articles transcorp coming out of the woods 120265 http lagosbusinessnews.com node 388 http www.investadvocate.com.ng index.php option com content & view article & id 3490 transcorp sacoil a eer revise opl 281 license agreement & catid 24 capital market & itemid 60 http www.thisdaylive.com articles transcorp 14 firms sign agreement to take over discos gencos 140273 http theeconomyng.com news39.html http allafrica.com stories 201006280117.html http www.investadvocate.com.ng index.php option com content & view article & id 3490 transcorp sacoil a eer revise opl 281 license agreement & catid 24 capital market & itemid 60 http www.thenigerianvoice.com nvlifestyle 36179 16 transcorp metropolitan hotel poised to up hospital.html http lagosbusinessnews.com node 388 http www.ngrguardiannews.com index.php option com content & view article & id 99799 transcorp others win bids for five power plants & catid 1 national & itemid 559 http www.punchng.com business business economy nigeriansll soon enjoy regular electricity supply elumelu http www.vanguardngr.com 2013 11 transcorp takes ughelli power plant http www.thisdaylive.com articles general electric transcorp target 650mw from ughelli power plant 137931 http www.thisdaylive.com articles general electric transcorp target 650mw from ughelli power plant 137931 retrieved from https en.wikipedia.org w index.php title transnational corporation of nigeria & oldid 732765905 categories companies of nigeriacompanies based in lagoshidden categories wikipedia articles containing buzzwords from april 2015 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 3 august 2016 at 03 10 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view