Power sector faces collapse — Frontier Oil CEO

2nd October 2016

The Chief Executive Officer of Frontier Oil Limited, Mr. Dada Thomas, has warned that the nation’s power sector risks collapse, urging the Federal Government to act fast.

He stressed the need to address the problem of gas production as 80 per cent of current and future power generation, according to him, is based on gas-fired power plants.

Thomas said, “But the gas-to-power value chain itself is terminally sick in the emergency ward infested with a number of crippling diseases, chief among which are the primary diseases of vandalism of oil and gas facilities, sector illiquidity, price and securitisation challenges.” Read More News