Egbin Power Decries N388bn NBET Debt, Idle Capacity
Egbin Power Plc, the biggest power station in Nigeria, has said it is owed N388bn by the Nigerian Bulk Electricity Trading Plc for electricity generated and fed into the national grid.
The company disclosed this on Tuesday during...
Ten Power Plants Suffer Gas Shortage, 1,753MW Idle
The lingering challenge of gas supply in the nation’s power sector left 1,753.4 megawatts generation capacity at 10 power plants idle on Monday.
The nation’s total unutilised electricity generation capacity stood at 2,131.9MW as of 6am on Monday,...
Egbin Power PLC: Gas Shortage Hinder Plans To Generate 1,320MW
The nation’s biggest power station, Egbin Power Plc, has said the lack of adequate gas is putting a damper on its plan to generate 1,320 megawatts of power from its turbines.
Egbin power plant has been...
Nigeria is seeking $5.2 billion from the World Bank to expand electricity generation and help the economy recover from its first contraction in 25 years.
The bank’s private-sector lending arm, the International Finance Corporation, may invest about $1.3 billion in power projects and electricity distribution...
