The weekend attack on Nigeria Gas Company, NGC’s, pipeline connected to Chevron Nigeria Limited’s facility at Escravos, will have massive impact on the 600megawatts (Mw) capacity Olorunsogo National Integrated Power Project plant and others.
In a statement endorsed by the Special Adviser on Communications to the Minister of Power, Works and Housing,Hakeem Bello, explained that the sabotaged gas pipeline which contributes to the Escravos Lagos Pipeline System (ELPS) has led to a loss of 160million standard cubic feet of gas daily (mmsfcd) of gas.
The statement noted that at a cost of $2.50 per thousand standard cubic feet (scf), this translates to a loss of about $400,000 to the country on a daily basis (N78,800,000 daily) in gas volume.
It expalied that this is in addition to losses to be incurred daily from affected power generation ($1,988,223 or N391,680,000 daily). The total daily loss to the country is therefore estimated at N470,479,931. Repairs of the damaged pipeline is estimated as costing ($609,137 or N120,000.000).
RT @BizWatchNigeria: Escravos Pipeline Vandalism Cripples 600Megawatts Power Plant – https://t.co/LcXoDZkpgm https://t.co/Uk92oSP8F0
RT @BizWatchNigeria: Escravos Pipeline Vandalism Cripples 600Megawatts Power Plant – https://t.co/LcXoDZkpgm https://t.co/Uk92oSP8F0
Escravos Pipeline Vandalism Cripples 600Megawatts Power Plant https://t.co/Ebom8kgnLq https://t.co/DjDFUksGAg
RT @BizWatchNigeria: NEW POST: #Escravos #PipelineVandalism Cripples 600Megawatts #PowerPlant https://t.co/Fn95ZvKIxH https://t.co/hPYMhlj…