TransAfam Power is a Nigerian power generation plant. TransAfam Power's 2,000

megawatts The watt (symbol: W) is the unit of power or radiant flux in the International System of Units (SI), equal to 1 joule per second or 1 kg⋅m2⋅s−3. It is used to quantify the rate of energy transfer. The watt is named in honor o ...

capacity consists of Afam Power Plc, Afam 3 Fast Power Ltd, and Afam IV & V.

History

In November 2020, Transcorp Group acquired Afam Power and Afam 3 Fast Power Limited (jointly referred to as Afam GenCo) as a 1000 megawatt capacity plant for ₦105.3bn. In February 2023, TransAfam announced the rehabilitation of its Afam V GT unit 20 Gas Turbine power generating unit to add 138 megawatts to its existing capacity. In May 2023, the 240 megawatts Afam 3-Fast Power Plant was commissioned. In the same month, the Federal Government of Nigeria signed a 20-year Power Purchase Agreement with TransAfam Power, for 726 megawatts capacity from the power plant. Later in May 2024,

Tony Elumelu Anthony Onyemaechi Elumelu (born 22 March 1963) is a Nigerian economist, banker and philanthropist. He chairs Heirs Holdings, Transcorp, United Bank for Africa (UBA) and is the founder of The Tony Elumelu Foundation. In 2020, Elumelu was ...

, chairman of TransAfam's parent company, stated at an annual general meeting that N250 billion was being owed by the Federal Government to TransAfam. He had also mentioned a year before that during the Federal Government's acquisition of 240 megawatts of fast power turbines from

General Electric General Electric Company (GE) was an American Multinational corporation, multinational Conglomerate (company), conglomerate founded in 1892, incorporated in the New York (state), state of New York and headquartered in Boston. Over the year ...

for installation in TransAfam, General Electric threatened to pull out of the project when the Federal Government of Nigeria could not provide 65 million cubic meters of gas needed for the comprehensive testing of the installed power plant.

Nigerian Electricity Regulatory Commission Nigerian Electricity Regulatory Commission (NERC) is an independent regulatory body with authority for the regulation of the electric power industry in Nigeria. NERC was formed in 2005 under the Obasanjo administration’s economic reform agenda ...

published in April 2024 that Afam IV & V and other smaller power plants produce just about 1,261 megawatts which made up 25% of the power consumed in Nigeria. July 2024, the Abuja Electricity Distribution Company signed a Memorandum of Understanding (MOU) with TransAfam Power to supply 50 Megawatts of embedded power to Idu Commercial Hub in Abuja. A report by Nigerian Electricity Regulatory Commission in September 2024 highlighted Azura IPP, Odukpani, and Afam VI as Nigeria's top performing power plants with availability factors of 98, 98, and 74 per cent respectively.

Incidents

In April 2024,

Transmission Company of Nigeria The Transmission Company of Nigeria (TCN) is a federal government owned electric utility company in Nigeria established in 2005. It is headquartered in the Federal Capital Territory in Abuja. It is a member of the West African Power Pool, an agen ...

reported that a fire which had erupted at the Afam V 330kV bus bar coupler tripped off units at Afam III and Afam VI. It led to a temporary national grid collapse.

Reference

{{Reflist Power stations