Expensive72: Good project, hope to see more of such project in alaigbo, which I believe will hastene the industrialization of our region. This is the time for we igbos to develop our own region to stemed the influx of our youth to that hellhole called lagos believing that there's gold to pick from the street, with little or no knowledge that there's nothing they.

IGBO-SON:
I've noticed that big investments/projects in the South East are mainly driven by private venture capital.....which is a good thing as there's a better chance said projects would be run efficiently and not left to decay as we've seen with most gov't run establishments in the past. This is different from what you find with some other states that are a bit better off financially (as per federal allocation, 13% derivation, and huge IGR receipts), and can afford huge budget projects like 5-star hotels, power plants, rail transportation, airports and the like.....though some of these states have seen the wisdom in contracting out the management of these projects to reputable private companies that have the requisite experience; kinda like we see with Akwa Ibom and the new 5-star hotel they're building.

I believe we in the South East haven't tapped into even 5% of capabilities for big budget investments; especially by way of the stock market or a sovereign wealth fund which all Igbos (at home and in diaspora) would be required to buy into depending on their ability/networth. We could raise billions of dollars this way, to be invested in critical projects that would place our region on a positive footing for economic prosperity.

kross_01: interesting to note that hamakop have long mobilized to this site and as we speak, they've commenced prelimnary works on the project site.
@ EASTSIDAZ; he is from okija & situating the project in his home town

asha 80: it seems you have info about this project.

kettykin: Lack of Electricity and the unwillingness of the Government to provide Electricity was why the post civil war industrial Revolution of the 80s when Aba produced and replicated just about most things that were imported into the country and Nnewi grew the Auto parts manufacturing Business to another dimension with GMO group in Onitsha Unleashing an unprecedented yet to be matched Conglomerate manufacturing revolution .

If the post Civil war Industrial Revolution continued unhindered, Nigeria would have been among the first 20 economies, with every body including the Northerners represented by Abacha, IBB and Abdulsalami who killed the power sectors and yorubas
Represented by Obasanjo (who wasted $16B on the power sector with virtually nothing to show for it after 15 years )and Jospeh Makoku (the Longest serving NEPA C.E.O) who refused to revive the power sector benefiting, while the east would have been at par with Malasia, China , Ukraine and Indonesia in Industrial and technological capacities

It is beginning to dawn on me that the lack of enthusiasm of succeeding Governments to liberalize the power sector then just as the did the Banking industry and later the Telecommunication industry was more of a deliberate and calculated action than an oversight.

The present Industrial re awakening must be sustained with a very good financial outlay from Banks home and abroad for investments in Key industrial sectors, a very good Research and Development program by the companies , Universities and Government institutions, the provision of a Deep Sea port within the Niger Delta Areas for Evacuation of Exports from the Eastern based factories and industries, an International Airport in the East for easy access with the international community. Some Government incentives for Local Manufacturers of goods e.g 5 year tax free , zero import duty for machinery and very high tariff for those importing goods manufactured locally e.t.c massive investment in infrastructures like railway , drainage, roads, water supply by the local , state and federal Governments.

The East should jealously Guard their new found industrial heritage and aim to beat Asians in meeting the American Government instituted Growth and Opportunity Acts (AGOA)

EASTSIDAZ: This is a huge stride. Obi's request for Anambrans to face home front is paying off massively. Nestoil is from Ihiala..I think so..

Eko Ile: lol @ silent...


smh...

redsquare: This company that is located in Okija, is it owned by our Okija _Juju?

Zona.com:

Chino i disagree with you here. Stop praising obi at every slightest opportunity. Come to think of it, what private investment (i mean something big) of obi's is situated in anambra, or even the southeast?

kross_01:
depends on the info you mean sir

asha 80: you said hamakop has mobilized to site.that means you have info on what is going on.

billante:

The project was on the papers last week asking for contractors that will construct transmission lines from the okija plant to nnewi and onitsha sub stations to submit interest!

Ernest azudialu(nestoil) is putting down 50% of the money while african development bank(AFD)is bringing the rest!
Hamakorp a civil construction company that is part of the nestoil group has been mobilised to do d civil works.....the first phase of 450MW is expected to fire its turbines by last quarter of 2014, the other 1000MW will follow suit in subsequent phases!

What am excited about the project is that it is coming from a serious business man that has the capital to actualize the project in record time(that guy dropped the whole 20 something billion naira cash to julius berger to build his nestoil 20 storey building headquarters in Victoria island....this one no be mobilization fee rubbish...the whole contract money cash)....and this plant when completed will energies the whole of anambra industrial/residential energy consumption for years to come.

asha 80: i actually know azudialu is a no nonsense biz man but the advert about contractors that would lay transmission wires to nnewi and onitsha is it in any online newspaper one can see?

asha 80: i actually know azudialu is a no nonsense biz man but the advert about contractors that would lay transmission wires to nnewi and onitsha is it in any online newspaper one can see?

billante:

Not on online papers, but on guardian,punch and some other dailies advert pages!

asha 80: i guess we have to be following up on the progress of that venture....and fg should finish up on unbundling of nepa and payment of laid off staffs.

billante:

I think by next week payment of laid off staffs should be completed, they are already receiving their bank alerts as we speak!
And deadline for complete payment of the un bundled phcn by the buyers is sept, so by oct all PHCN entities should be operating as an efficient private companies.

Any update on geometric power plant aba? This is august, that plant should be up and running now with at least 23hrs of electricty supply now! Any aba resident on this thread to give us update?

billante:

....and this plant when completed will energize the whole of anambra industrial/residential energy consumption needs for years to come.