Figures cited by The Punch reveal that Transcorp Energy has successfully secured a World Bank-supported bid to deploy renewable energy solutions within the Federal Capital Territory (FCT). The project is part of a broader initiative to expand clean and reliable power access to underserved urban and peri-urban areas.
The initiative will focus on solar-hybrid systems designed to reduce the reliance on the national grid and diesel generators. Transcorp’s victory in the competitive bidding process underscores the growing role of private sector players in solving Nigeria’s perennial energy deficit.
This development aligns with Nigeria’s commitment to the Energy Transition Plan, which seeks to achieve net-zero emissions by 2060. The project is expected to create hundreds of technical jobs in the FCT and serve as a blueprint for similar renewable deployments in other major Nigerian cities.
Leadership noted that the project “marks a milestone for clean energy in the FCT,” and Tribune reported that “the World Bank funding ensures the project meets international sustainability standards.”
Echotitbits take: This is a significant win for Tony Elumelu’s Transcorp, positioning the group at the forefront of the green energy transition. As Abuja’s population continues to explode, decentralized renewable projects like this are the only realistic way to provide stable power without collapsing the aging national grid.
Source: Guardian – https://guardian.ng/business-services/business/transcorp-energy-secures-world-bank-backed-renewable-power-project-in-abuja/, March 17, 2026
Photo credit: Guardian
