• Egbin Power Station begs FG to pay N86bn debt

    Egbin Power Station begs FG to pay N86bn debt

    The Chief Executive Officer of Egbin Power Plc, Mr Dallas Peavey, has said the company is highly constrained by more than N86 billion debt owed it by the Federal Government.

    Peavey made the appeal in Lagos on Saturday during the company’s scholarship award programme to schools within Ijede community in Lagos State.

    He said the debt is disrupting its operations. He also said gas supply had been a major challenge to power generation. He said, “We have a total generation output of 1,320MW […]