Egbin power plant faces gas shortage and N1.4tn FG debt
Expressing concerns over the current gas shortage, Mokhtar Bounour, the Chief Executive Officer of Egbin Power Plc, highlighted the significant revenue losses and the threat it poses to national power generation.
During a briefing with the Minister of Power, Adebayo Adelabu, at the Egbin Power Plant in Ikorodu, Lagos, Bounour emphasized that the company has been unable to operate the plant at full capacity due to insufficient gas supply.
Despite its capacity to generate 1,000MW, the plant currently only produces an average of 400MW due to the lack of available gas resources.
Discussing the meeting with the minister, Bounour emphasized that the management detailed the challenges faced by the plant and rece...