• Power plant may be shut over rising debt –EGBIN

    Power plant may be shut over rising debt –EGBIN

    The nation’s electricity woes may worsen in the coming weeks as liquidity and gas supply issues are threatening the operation of its biggest power station, Egbin.

    The Managing Director and Chief Executive Officer, Egbin Power Plc, Mr. Dallas Peavey Jr., said in an interview that the owners of the plant might be forced to consider shutting it down if the challenges remain unresolved.

    Egbin, which is located in Lagos, was acquired in 2013 by Kepco Energy Resource Limited in collaboration with its […]

  • Sapele Power Plant promises to increase generation by 1,000MW

    Sapele Power Plant promises to increase generation by 1,000MW

    To expand its capacity to generate more electricity in Nigeria, the management of Sapele power plant has said it has put all machinery in place to recover the plant’s installed capacity of 1,020MW and inject new generation capacity of 1,000MW within the next five years.

    The Sapele power plant which was built between 1978 and 1982 has installed capacity of 1,020MW but presently generates 150MW before it was privatised in February 2014 and sold to a private company, Eurafric Group.

    The Managing […]