Sahara Power boss says sector challenges affecting Egbin’s expansion plans

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Sahara Power Group, has expressed concern about the challenges facing Nigeria’s power sector, saying it has invested about $1 billion in the sector since 2013.

Chief executive officer of the group Mr. Kola Adesina said the company has made investments of about $1 billion in the sector, but expressed deep concern that the challenges the sector is facing are not presently supporting its expansion vision.

Adesina said in particular the company has invested about $400 million to rehabilitate the Egbin thermal power plant. Adesina also said the group plans to increase current capacity of the plant to 2,640 megawatts but present policy circumstances are causing a snag.

Source: Oriental News


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