‘Vandalism, lack of fund major ills of power sector’

1st October 2016

Pipeline vandalism and illiquidity are the biggest problems confronting the power sector, the Managing Director and Chief Executive Officer, Frontier Oil Limited, an indigenous oil and gas firm, Thomas Dada, has said.

In an interview, he said though   pipeline vandalism had  taken the sector many steps backwards,  lack of fund due to huge indebtedness to operators had become worrisome, adding that the government was the biggest debtor.

He blamed the electricity distribution companies (DisCos) for the paucity of fund. Read More News