Ikwue disclosed this at the 36th annual general meeting of the company (AGM) in Abuja, stating that the gross turnover of the company increased to NGN19.15bn in 2010 compared to NGN17.19bn in 2009, an increase of 11.40.
“The unsteady power supply and the poor quality from PHCN has continued to adversely impact on our production costs. However as we continue with our efforts to make further progress on the coal project, it will help in reducing our manufacturing costs despite the continued increase in prices of low pour fuel oil (LPFO) and Automobile General Oil (AGO) which is used in running our power plant”, Ikwue said.
