Fashola disses Egbin’s boss on trapped 700MW

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Egbin Power Plc's CEO Dallas Peavey speaks during an interview with Reuters at his office in Ikorodu on the outskirts of Nigeria's commercial capital Lagos December 4, 2015. Nigeria's biggest power company Egbin Power Plc plans to double its generation capacity to 2,640 megawatts (MW) over the next three to four years at a cost of $1.8 billion to tap growing demand, its chief executive said. Picture taken December 4, 2015. To match Interview NIGERIA-POWER/KEPCO REUTERS/Akintunde Akinleye

Lagos — The Minister of Power, Works and Housing, Babatunde Fashola has rubbished recent claim made by owner of Egbin Power Plant, Dallas Peavey Jnr., that the company could not evacuate 700 megawatts of electricity due to the Transmission Company of Nigeria, TCN’s weak transmission lines, describing the statement as “lying at worst or at best being bombastic”.

The Minister came to the rescue of TCN at the 19th monthly Power Sector Operators meeting organised by Eko Disco, held at Akangba, Surulere today.

According to the minister, records as at 2nd September, around the time the news was reported, Egbin’s peak power production was 344 MW, while the average power production was 336 MW.

“This is less than 50% of the 700 MW in the report credited to Mr. Peavey that his company could not evacuate”, Fashola said.

“We know that Egbin has 6 turbines of 220 MW each, with an installed capacity of 1,320 MW. It was the first power plant I visited when I was appointed Minister,” he added.

Fashola revealed that three turbines, ST 1, ST 5 and ST6 owned by Egbin are not functional.

“ST 6 for undisclosed faults and ST 1 and ST 5 for maintenance. So Egbin Power Plc was not producing 700MW at the time”.

Instead, Fashola said Mr. Peavey should have informed the media that TCN’s wheeling capacity had exceeded over 6,500MW.

Last week Wednesday, Mr. Peavey said in Lagos that 700MW was trapped due to inadequate transmission infrastructure.

According to him, out of roughly 1, 300MW currently generated by the facility’s six units, some 700MW get lost because the grid is overwhelmed.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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