• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Company News

Why Transcorp is Merging TUP with Ughelli Power Plant Plc

Nairametrics by Nairametrics
August 8, 2015
in Company News, Corporate deals
Why Transcorp is Merging TUP with Ughelli Power Plant Plc
Share on FacebookShare on TwitterShare on Linkedin

RelatedStories

Transcorp posts 352% surge in profits as share reconstruction lifts sentiment  

SEC approves HH Capital mandatory tender offer for Transcorp shares  

December 25, 2024
Transcorp posts 352% surge in profits as share reconstruction lifts sentiment  

Transcorp posts 352% surge in profits as share reconstruction lifts sentiment  

October 29, 2024
  • Transcorp Nigeria Plc has announced that it has obtained SEC approval-in-principle to merge Transcorp Ughelli Power Ltd (TUPL) and Ughelli Power Plc
  • Trasncorp Ughelli Power Ltd was set up as a Special Purpose Vehicle (SPV) used to acquire 100% equity is Ughelli Power plant which was sold by the Goodluck Jonathan Government in 2013
  • According to Transcorp, the idea is to bring the overall “management and operational efficiency of the power business of Transcorp”
  • However, analysts believe this move is basically geared towards transferring the debt of the SPV to the Operating Assets which is Ughelli Power Plc. By transferring the debts to the latter, the SPV is free of any loans and as such the power plant will now be fully used as a collateral for the loans.
  • This move also creates tax efficiencies for the company as it eliminates cases of excess multiple tax on potential dividends declared by the company to Transcorp Shareholders.
  • This is also good news for Transcorp Shareholders who will now directly own Ughelli Power plant rather than through another layer of corporate entity.
  • For the Government, the hope now is that the debt been loaded on the books of Ughelli Power Plc will not send it into prolonged losses.
  • TUPL announced in 2014 that it had increased generation capacity of Ughelli Power Plant from 342MW at December 2013, to 610MW at the end of 2014 and plans to increase it further to 850MW by the end of 2015.
  • Press Release
Tags: Transcorp plc
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Related Posts

Transcorp posts 352% surge in profits as share reconstruction lifts sentiment  
Equities

SEC approves HH Capital mandatory tender offer for Transcorp shares  

December 25, 2024
Transcorp posts 352% surge in profits as share reconstruction lifts sentiment  
Company Results

Transcorp posts 352% surge in profits as share reconstruction lifts sentiment  

October 29, 2024
Transcorp Annual General Meeting, Transcorp financial result, Transcorp Hotel
Company Results

Transcorp Plc reports strong first half 2024 results; stock appears undervalued 

August 22, 2024
Transcorp Vs. UAC Nigeria
Blurb

Transcorp Vs. UAC Nigeria – Who navigated better in 2023?

June 14, 2024
Greener Tomorrow: Transcorp champions environmental project promoting waste management and recycling in local schools
Company News

Equity reconstruction: Transcorp proposes 1 for 4 share ratio to shareholders

May 4, 2024
Transcorp Power
Company News

Transcorp posts 93.5% profit growth in 2023, signals of improved financial stability  

April 3, 2024
Next Post
Dollar Squeeze

[BOOM] Banks Rejects Payments for Online Transactions Exceeding $300 per day

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Wedex 2025—One day, one house, one goal
  • Onga ignites African culture and storytelling at AMVCA 2025 Culture Day with festival of flavours 
  • Anambra Govt acquires land in Aguata, Orumba for new industrial city 

Follow us on social media:

Recent News

Wedex 2025—One day, one house, one goal

Wedex 2025—One day, one house, one goal

June 12, 2025
Onga ignites African culture and storytelling at AMVCA 2025 Culture Day with festival of flavours 

Onga ignites African culture and storytelling at AMVCA 2025 Culture Day with festival of flavours 

June 12, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics