Engr. Lamu Audu, Managing Director of Mainstream Energy Solutions Limited, told newsmen after a facility visit to Jebba and Kainji Hydro Power Plants that the company was being owed N44 billion for energy generated and consumed.
It would be recalled that the country’s power sector has been said to be in jeopardy, with a looming major power crisis as investors have threatened to shut power generation plants over unpaid invoices.
He warned that the federal government must act urgently, or face an imminent national blackout.
Audu added that the government did not plan very well by investing more in thermal plants than hydro despite the fact that Nigeria had the potential to develop huge hydropower generation.
He noted that the nation only had three hydropower plants which are Kainji, Jebba and Shiroro, delivering power to the grid.
He also highlighted hydro’s capacity by saying that at the point of serious issues of gas pipeline vandalism and non-availability of gas, the grid was sustained particularly by Kainji and Jebba hydropower plants, as during that period, Shiroro had issues of water.