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Nairaland Forum / Nairaland / General / Politics / ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc (8325 Views)
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‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by nnamdibig(m): 6:52am On Sep 11, 2016 |
Dallas Peavey, the Chief Executive Officer, Egbin Power Plc, has said the company is highly constrained by more than N86 billion debt owed it by the Federal Government. http://www.premiumtimesng.com/business/business-news/210198-nigerian-govt-owes-egbin-power-station-n86-billion.html 1 Like
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Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by EazyMoh(m): 6:56am On Sep 11, 2016 |
Hmmm government is the best and at the same time worst client. God will see us through. But does the debit accumulate this much, isn't the power sector supposed to be private sector driven? |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by Nobody: 6:56am On Sep 11, 2016 |
6 Likes
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Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by 989900: 7:12am On Sep 11, 2016 |
Gov't should pay jor. Exploring alternative fuel sources for the plant would be a good one. |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by Izontubo(m): 7:15am On Sep 11, 2016 |
Na wa... 1..government owing them.. 2..cut in gas supply...hmmm |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by DaGC(m): 8:04am On Sep 11, 2016 |
In just 6months? Funny enough, Govt dont want to be owed excise duties, tax etc.... hypocrisy |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by Ekpeitid: 8:30am On Sep 11, 2016 |
Op |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by pinkguy(m): 8:34am On Sep 11, 2016 |
Hw can they be own 86 billion and they are still functioning free gas from Niger delta oops today is Sunday |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by pampamafolabi8: 8:34am On Sep 11, 2016 |
is that a joke?....lots of questioning should be attributed to this owing....when is the accumulation got started up till this amount, I smell rotten rat. |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by agwom(m): 8:35am On Sep 11, 2016 |
.. |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by omoadeleye(m): 8:36am On Sep 11, 2016 |
Ok |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by seunny4lif(m): 8:42am On Sep 11, 2016 |
Where is our Ministry of Darkness 1 Like |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by TooNoisy(f): 8:43am On Sep 11, 2016 |
Hmmmn, The entire power industry may soon implode. Jonathan's privatisation was very poorly done. The assumptions used were wrong and it was more of a scam than anything else. However, Fashola has taken too long to even understand the issues. He should never have been given power. Power needed someone who really understands the industry and could begin work on day one. Not someone like Fashola who needed six months to understand the issues and has to be guided. My view is that the privatisation has to be done afresh! 6 Likes 1 Share |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by Debaddest(m): 8:45am On Sep 11, 2016 |
change begin with me 1 Like 1 Share
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Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by rusher14: 9:04am On Sep 11, 2016 |
I really hate incomplete news. How was this bill accumulated? For how long? What are the terms of such contract? I dislike how news media tells a story but cannot simply do a bit of research or probing to provide adequate information. 1 Like |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by obailala(m): 9:04am On Sep 11, 2016 |
TooNoisy:Why are you so sure Fashola doesnt understand the problems in the power sector?... It is one thing to understand a problem, it is another thing entirely to solve that problem quickly. The monumental demonic problems in the power sector has defied even the finest brains, do you really think these demonic impediments can be solved in a twinkle of an eye? Unfortunately the privatisation has already been done and we may just have to work on it like that. Reversing this privatisation may set us back another 10 years, cos that's about the period it may take to settle all the legal disputes that 4 Likes |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by rildwanullahi(m): 9:05am On Sep 11, 2016 |
989900:like what, the plant has gas and steam turbines not diesel or petrol It is a gas fired power plant not a gigantic generator house |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by 989900: 9:08am On Sep 11, 2016 |
rildwanullahi: Read the article. |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by leahcimzil: 9:10am On Sep 11, 2016 |
DaGC:lol it's from past governments too man. Did you think the debts accumulated during the previous administration automatically becomes settled once they exit government? |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by rildwanullahi(m): 9:11am On Sep 11, 2016 |
989900:am replying you not the article |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by 989900: 9:15am On Sep 11, 2016 |
rildwanullahi: You wouldn't have replied me if you read the article, now go back and read it -- it won't kill you. I can't help you further. 1 Like |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by AntiWailer: 9:17am On Sep 11, 2016 |
EazyMoh: 1 Like |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by amclimax(m): 9:18am On Sep 11, 2016 |
why will FG PAY dem? for giving us darkness |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by DaGC(m): 9:19am On Sep 11, 2016 |
leahcimzil: The OP quoted the CEO saying the company is being owed N86B for energy supplied in the past 6months 3 Likes |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by Ikigia: 9:23am On Sep 11, 2016 |
OK, in some days, more information will be revealed |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by babdap: 9:26am On Sep 11, 2016 |
Who did u gave light too. |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by leahcimzil: 9:30am On Sep 11, 2016 |
DaGC:oh...dudn't read that |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by Lexusgs430: 10:22am On Sep 11, 2016 |
Cut them off and stop supplying them.................... SIMPLE.................... |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by Jay20(m): 10:33am On Sep 11, 2016 |
rildwanullahi: The plant is actually dual fired..The steam turbines can either b powered by HFO(Heavy Fuel Oil) or natural gas while the gas turbine is fired by either natural gas or LFO(Light Fuel Oil) or in lay mans term "diesel".. the power generated by the gas turbine is realy nt bin exported to d grid bt used during start-up,system collapse, for in house purposes as well as sustaining 24hrs power supply to the estate.. |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by no1madman(m): 10:34am On Sep 11, 2016 |
Federal Goats. . . . . |
Re: ‘FG Owes Egbin Power Station N86 Billion’ - CEO Egbin Power Plc by pyxon(m): 11:28am On Sep 11, 2016 |
Where is our Minister of darkness FASHOLE and his Afonja clones |
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