Half of output from Nigeria's largest power station is wasted
Nigeria's largest power plant, Egbin, is owed NGN125bn ($352m) by the Nigerian government, while an ineffective transmission infrastructure means half the plant's output is wasted, according to CEO Dallas Peavey. Out of the 1.3 GW of energy produced by the facility's units, 700 MW is lost due to the overwhelmed grid. According to Peavey, the company is facing financial difficulties as a result of the government's debt, resulting in banks being reluctant to make loans to the company. The Nigerian government has said the NGN125bn debt figure is incorrect.
Biggest Nigeria Power Plant Owed $352 Million by Government (1)

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