Tag Archives: Egbin

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Nigeria Needs 7,000 to 10,000 Megawatts of Electricity to Keep Lights On

Nigeria’s biggest power company Egbin Power Plc plans to double its generation capacity to 2,640 megawatts (MW) over the next three to four years at a cost of $1.8 billion to tap growing demand, its chief executive said. CEO Dallas Peavey said the utility company, operated by state-run Korea Electric Power Corp (Kepco), was also

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Buhari Blames Sabotage, Theft for Power Supply Woes

President Muhammadu Buhari says that sabotage and theft of gas are undermining the efforts of the government to increase power supply in the country. The President, who said this in a question and answer interaction with the Nigerian community in Tehran, the Islamic Republic of Iran, noted that “although some improvement in power had been

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Power Supply: 39 Billion Naira Debt Threatens Operation of Egbin Power Plant

The chairman of Egbin Power Plc, Mr. Kola Adesina, on Monday raised the alarm that a debt of N39 billion owed by the Federal Government to the Egbin Power Station for the power it generated into the national grid since November 1, 2013 to date has created liquidity crisis that is hampering optimal operation of

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Nigeria to Expect Tougher Times Ahead as Egbin Delivers 300MW

Following the significant decline in power supply witnessed across the country in the last couple of days and the untold hardship it has brought upon Nigerians, there are indications that the power situation is far from improvement. Vanguard learnt that power generation had dropped from 3,000 megawatts to about 2,988.72MW. In a telephone interview with Vanguard,

NERC Waves 60% Capacity Charge for GENCOs as Revenue Drops

The Nigeria Electricity Regulatory Commission ( NERC) has waved 60 per cent of the  capacity charge for the Electricity Generation Companies (GENCOs) this month following losses of revenue in the industry. The Managing Director, Egbin Power Plant, Mr. Kenneth Uzoigwe who disclosed this Thursday lamented loss of N570 million revenue due to lack of gas

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