Nigeria may soon face power crisis as the management of Egbin Power Plc has threatened to shut down operations due to non-settlement of N110 billion debt, inadequate gas supply and inefficiency in operations of the Transmission Company of Nigeria, TCN.
Managing Director, Egbin Power Plc, Mr Dallas Peavey, said the country was heading towards another blackout next week as liquidity, transmission and gas supply issues threatened its operations.
Peavey, who stated this during an interactive session with energy correspondents in Lagos, against the backdrop of a drop in generation, said Egbin Power plant was being forced to gradually shutdown due to adverse effect of grid instability which endangers its turbines.
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