Elumelu's Transcorp first genco to get FG's certificate of discharge

According to the government, Transcorp Power has done admirably.Transcorp Power Limited has received a Certificate of Discharge from the Federal Government following the conclusion of its acquisition of the Ughelli Power Plant in Delta.The certificate was presented at a meeting of the National Council on Privatisation (NCP) on Monday at the Presidential Villa in Abuja, presided over by Vice-President Yemi Osinbajo. The Federal Government was represented by Alex Okoh, Director General of the Bureau of Public Enterprises (BPE), while Transcorp Power Limited was represented by Tony Elumelu, Chairman of Transcorp Group. The certificate of discharge certifies that the firm has fulfilled the terms of its agreement with the Federal Government as submitted by BPE.In his remarks, the vice-president said that NCP was pleased with the performance of Transcorp Power as the certificate meant that the firm had been delisted from routine monitoring.