News

April 30, 2019

Breaking: Transcorp Power Consortium acquires Afam Power Plc for N105.3bn

Breaking: Transcorp Power Consortium acquires Afam Power Plc for N105.3bn

Afam Power Plc

….As Yola DISCO goes for N19bn

By Chris Ochayi

ABUJA: The Transcorp Power Consortium, yesterday, emerged the highest bidder to acquire the Afam Power Plc and Afam Three Fast Power in the sum of N105, 300,000,000.

Transcorp Power Consortium acquires Afam Power Plc for N105.3bn

Afam Power Plc

READ ALSO: Economy bleeds as power generation drops to 2,039MW

Similarly, the Quest Electricity Company Limited also coughed out a total sum of N19, 000,000,000, to take ownership of the Yola Electricity Distribution Company, Yola DISCO in Adamawa State.

Details later…

VANGUARD