Sunday, 18 September 2016

Nigeria may soon be in total darkness — Egbin CEO

The Managing Director and Chief Executive Officer, Egbin Power Plc, Mr. Dallas Peavey, Jr., in an interview said Nigeria may soon be in total darkness
He said "at this point, we have gone through so many stages. I think the issue here is liquidity...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."
"We have not laid off anybody and we haven’t cut back on salaries...We hope that the liquidity issues will be resolved with the government so that we can get back to generating 1,320MW, because Nigeria needs power."