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Biggest Nigeria Power Plant Owed $352 Million by Government

  • Half of Egbin’s output wasted due to transmission challenges
  • Country currently distributes 4,500 megawatts of electricity
Employees work in the control room of the newly renovated energy generation plant, operated by Egbin Power Plc, in Lagos, Nigeria, on Wednesday, Aug. 26, 2015. While Nigeria was the world's fourth-biggest exporter of liquefied natural gas in 2012, it's struggling to meet local demand for the fuel used by plants that generate at least 70 percent of the country's electricity needs.
Photographer: George Osodi/Bloomberg
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Nigeria’s Egbin power plant, the biggest in Africa’s most-populous nation, is owed 125 billion naira ($352 million) by the government and half of its output is wasted because of inadequate transmission infrastructure, its chief officer said.

Out of the roughly 1,300 megawatts currently generated by the facility’s six units, which is close to full capacity, some 700 megawatts are lost since the grid is overwhelmed, Egbin CEO Dallas Peavey Jr, said Wednesday in an interview at the plant in Lagos state.