Amidst several challenges confronting the power sector, including limited access to critical resources, the Minister of Power, Adebayo Adelabu, has unveiled plans to liaise with the Central Bank of Nigeria (CBN)
Amidst several challenges confronting the power sector, including limited access to critical resources, the Minister of Power, Adebayo Adelabu, has unveiled plans to liaise with the Central Bank of Nigeria ...
Addressing the outstanding debts owed to the Generating Companies , the minister highlighted the significant amount owed by the Federal Government, with Egbin Power Plants leading the list of creditors. “We are going to make some cash injections in terms of payment, we are going to give them some guarantee debt instrument and we are also looking at a way of allowing them access to Nigeria gas wells, which would be used to defray the outstanding debt of gas suppliers.
“Today, we have only four units running they are not even on base load because we don’t have gas and we are receiving calls from the gas suppliers that we have some challenges, technical challenges, though they are working around the clock to get it sorted out and we hope that we can receive gas as soon as possible,” he said.Before flagging, please keep in mind that Disqus does not moderate communities.
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