Friday, September 15, 2017

Video - Nigeria's Power Woes: Interview with CEO and Chairman of Genesis Energy Holdings

Why does a country with the ninth largest proven gas reserves on the planet have a crippling electricity deficit? On September 10, 560 MW of gas generation capacity was offline, and the country's sector regulator estimated losses attributable to that lack of power, at $3.5 million. 

That figure doesn't take into account the enormous amount of gas wasted through gas flaring. Earlier, CGTN's Ramah Nyang debated this subject with Akinwole Omoboriowo II, CEO and Chairman of oil, gas, and power firm, Genesis Energy Holdings.

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