- The Group Managing Director, Aiteo Power, Dr Ransome Owan has said that the huge debt incurred by operators in the gas value chain, is hindering electricity generation and distribution in the country.
- He said stakeholders were only looking at the issue of perennial gas scarcity from the angle of pipeline vandalism, without considering the financial bottlenecks affecting the transportation and utilisation of gas in the power sector.
- He said the issue of payment for gas used in firing turbines is becoming a major challenge among stakeholders especially the gas producers, and power plants owners.
According to him: “If you ask gas producers how much they are being owed by power generation firms, they would tell you it is a lot of money. Also, the gas powered plants are being owed by Discos, which do not have enough money to pay for the electricity they buy from Gencos. Based on this, the issue of debt affects all stakeholders in the value chain”.