- Peavy attributed the recent ramp-up of Egbin’s capacity to continuous investment and revamp of the plant by its new owners, Sahara Power Group and the Korea Electric Power Corporation (KEPCO).
- Chief Executive Officer of Egbin Power Plc, Mr. Dallas Peavey, has stated that the plant has hit a generation capacity of 1,100 megawatts, thus accounting for almost one-third of the current improvement in power supply across the country.
- Peavey in a statement said when the new owners took over in November 2013, generation at Egbin averaged 500 megawatts due to the dismal state of its six units, with only two of the six units operational at the plant’s lowest point.
- According to him, the last time the power plant hit the 1,000MW mark was eight years ago, adding that this peak lasted for less than two hours.
“Through the injection of close to N50 billion in new capital into Egbin post privatisation, the Sahara Power/KEPCO partnership has brought to the power plant, an unprecedented level of innovation, professionalism, human capital development and continuing investment in new technology. The control room panels, installed at the plant’s inception have been removed and upgraded to state of the art digital panels. The highlight of the main plant rehabilitation occurred in the first quarter of 2015, when the company successfully rehabilitated ST Unit 6, bringing an additional 220MW to the national grid and restoring the power plant to its installed capacity of 1320MW,” Peavy explained.