Olorunsogo NIPP plant Archives - PRNigeria News https://prnigeria.com/tag/olorunsogo-nipp-plant/ Reliable Platform for Press Release Syndication Thu, 21 Jan 2016 11:11:13 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 https://i0.wp.com/prnigeria.com/wp-content/uploads/2021/05/PRNigeria-Icon.jpg?fit=32%2C23&ssl=1 Olorunsogo NIPP plant Archives - PRNigeria News https://prnigeria.com/tag/olorunsogo-nipp-plant/ 32 32 42672738 Pipeline Vandalisation: N470mn is Lost Daily on Gas and Electricity https://prnigeria.com/2016/01/21/pipeline-vandalisation-n470mn-lost-daily-gas-electricity/ https://prnigeria.com/2016/01/21/pipeline-vandalisation-n470mn-lost-daily-gas-electricity/#respond Thu, 21 Jan 2016 10:48:52 +0000 https://prnigeria.com/?p=5055 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).

The real sector of the economy has also been counting its losses as some cement companies around Olorunsogo like Ewekoro and Ibese are also affected.

The latest incident has occurred just as the Federal Government through the Ministry of Power, Works and Housing and the Ministry of Petroleum Resources along with allied agencies has been making concerted efforts to improve gas supplies to the Power Plants. Such efforts led to previously offline plants like Ihovbor and Sapele coming back online and the subsequent output making up for the loss in power. The pipelines are being actively monitored for further attacks or other unforeseen impacts.

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