Transcorp Power is Nigeria’s biggest private gas-powered electricity generation facility in Nigeria. With over 200 million in population, there is much power demand in Africa’s largest country by population; however, Nigeria is still struggling to have stable electricity. Ikenga store is dedicated to promoting Igbo enterprises and individuals; as such, Transcorp Power, a subsidiary of the Transnational Corporation Plc, also known as Transcorp Group, headed by an Illustrious Igbo son (Tonny Elumelu), is of crucial interest to not just the Igbo Nation but also Nigeria and Africa.
Having digressed a bit into the details of Transcorp Power Limited, let’s look further into why investing in the power generation company is a great choice.
The demand for Power would Keep Rising.
The biggest motivation for any investment is demand; the demand for Power has always been there, especially given that most of the power generation facility is located in Delta and Rivers States in the geographical East of Nigeria. The East of Nigeria has the highest concentration of indigenous industries, so local energy demand is high. High demand would imply a high return on investment. In this regard, everything being equal, Transcorp Power would be a gainful investment for people bold enough to secure a substantial share in the company.
Low Competition
Aside from Transcorp Power, there are quite a few power generation companies in Nigeria; there is almost a power generation monopoly in Nigeria. Of course, power generation is not an easy venture as it is capital intensive; investing in an established power generation facility like Transcorp Power would be a very good way to pocket some profit in the long run. As the population keeps exploding, so does the demand for Power and energy, everything being equal; this is not an investment that would not be a great decision.
Who is Transcorp Power’s investment for
Although nearly every investment is motivated toward profit maximization, other investors look beyond profits. Still, if profit maximization is your priority, Transcorp Power is there for you, as the entire Transcorp group has been reporting huge profits year after year. Transcorp Power is also for you if you are an energy or Engineering enthusiast; while investing in a company doesn’t necessarily make you an active participant in the everyday running of the company, it could come with a sense of satisfaction when you realize that you are investing in your passion whether you are actively or passively involved would be another question entirely.
Investing in Power generation in Nigeria is a humanitarian investment.
When we look at the population of Nigeria and realize how many households cannot access stable electricity, it becomes a troubling situation for people living in the 21st century, where a great deal of human society depends on electricity. Nigeria’s power generation capacity is in such a sorry state, and when we invest in the right sector, we stand to make a profit and improve life. Are you interested in investing or learning more about Transcorp Power? Check Out the Transcorp Group Portfolio Here