Transcorp Energy Wins REA’s World Bank-backed Clean Power Project Bid

Transcorp Energy Limited, the integrated energy development and services subsidiary of Transnational Corporation Plc, has emerged as the successful bidder for selected lots in the Federal Capital Territory (FCT) under the World Bank–supported Utility Enabled Projects (UEP), coordinated by the Rural Electrification Agency (REA).

Under the programme, Transcorp Energy will deploy renewable energy solutions through interconnected mini-grids designed to integrate with existing distribution networks and deliver reliable electricity to underserved communities across Abuja, the Federal Capital Territory of Nigeria. The initiative forms part of REA’s broader strategy to accelerate sustainable energy access through innovative  ublic–private sector collaboration.

The Utility Enabled Projects programme, supported by the World Bank, is designed to catalyse private sector participation in delivering decentralised renewable energy solutions that complement the national grid, improve reliability of supply, and expand electricity access for businesses and households.

Speaking on the development, the managing director/chief executive officer of Transcorp Energy, Chris Ezeafulukwe, said: This renewable energy project marks a significant milestone for Transcorp

Energy as we continue to expand access to clean and reliable energy across Nigeria. It demonstrates our commitment to driving renewable energy growth while supporting economic development and environmental sustainability.

Through this initiative and in collaboration with our consortium partners, we are confident that we will deliver impactful energy solutions that strengthen local economies and improve livelihoods.”

In his remarks, the Managing Director/Chief Executive Officer of the Rural Electrification Agency (REA), Dr. Abba Abubakar Aliyu, congratulated Transcorp Energy on its successful bid and reaffirmed the Agency’s commitment to enabling credible private sector participation in Nigeria’s electrification drive.

“The Utility Enabled Projects are a critical component of REA’s strategy to empower capable private sector developers to deliver sustainable electricity solutions at scale.

Transcorp Energy’s emergence as a successful bidder reflects the strength of this programme in attracting strong partners who share our commitment to accelerating Nigeria’s electrification and energy transition goals through innovative solutions such as interconnected mini-grids.”

The deployment of interconnected mini grids in the FCT will support Nigeria’s broader efforts to modernise its power sector by integrating renewable energy systems with existing distribution infrastructure, reducing reliance on expensive self-generation, lowering energy costs for consumers, and improving power reliability.

Transcorp Energy remains committed to investing in sustainable energy solutions and building strategic partnerships that expand access to electricity while contributing to Nigeria’s socio-economic development.