Nigeria owes its Egbin power plant over $350m, as half of output is wasted
Lagos/Abuja — Nigeria’s Egbin power plant, the biggest in Africa’s most-populous nation, is owed 125-billion naira ($352m) by the government and half of its output is wasted because of inadequate transmission infrastructure, its CEO said. Out of the roughly 1,300MW currently generated by the facility’s six units, which is close to full capacity, about 700MW are lost since the grid is overwhelmed, Egbin CEO Dallas Peavey Jr, said Wednesday in an interview at the plant in Lagos state. Egbin is working with the Transmission Company of Nigeria to improve things, Peavey said. "We have major pieces of equipment that are almost impossible to find," he said. "We are working with General Electric and other US companies to help us provide those, perform the overhaul, help us do the transmission evacuation." Nigeria currently distributes an average of 4,500MW of electricity, Peavey said. That’s an improvement from 1,000MW in May 2016, when gas supply was disrupted, and from an average of 2,503...
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