FG debt, gas shortage cripple operations of Ibom Power plant
By Udeme Akpan, Energy Editor Ibom Power Company Limited (IPC), one of Nigeria’s first independent state-owned power plants, lost nearly a full year of electricity generation in 2025/2026 after a prolonged gas supply crisis crippled operations at its 191-megawatt power plant, highlighting the deepening liquidity challenges across the country’s power sector.
The company disclosed that it received natural gas for just about 30 days over the past 12 months, forcing repeated shutdowns and leaving the plant idle for almost 11 months.
He added that the company’s gas supply finally stopped in June, 2026 after years of mounting unpaid invoices.
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