The Managing Director and Chief Executive Officer, Egbin Power Plc, Mr. Dallas Peavey, Jr., in this interview with ‘FEMI ASU, says the nation may be enveloped in darkness in the coming weeks due to a myriad of challenges in the power sector
What do you think about the Nigerian power sector almost three years after it was privatised?
I think at this point, we have gone through so many stages. I think the issue here is liquidity. So many of the owners came and they were thinking that they were going to be reaping some sort of returns after the first three years. In reality, nobody realised that they would go through three years and lose money. Our parent company owns Egbin as well as Ikeja Electric. Having said that, we cover a lot of the areas in Nigeria out of our own pocket. We, as a private company, don’t expect to do that.
I think the government is coming up with a plan and working with us to ensure that we get paid and continue to generate...
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