Rossikk:

YOU are a joke, to call a $1.3 billion plant of 700mw a 'joke'. That amount is nearly 1/5th of our current output in one plant alone. Do you know there are several plants being built across the nation in addition to what we have already? Some of you are just plain ignorant!!

agbameta:


1. The FG isold off it's power plants, so why is GEJ borrowing money to build more power plants?

2. Why is GEJ borrowing money to invest in power plants after privatizing the power sector in Nigeria? Is this plant private or non private and also, is the sector fully private of privatization nonsense was just a rouse...?

3. Why is a Nation with billions of dollars in oil proceeds and a major oil exporter borrowing money to do everything under that sun from ogbanje railway to repainting airport, to building roads, to build power plants and so on?

4. Why is it that nearly all the National budget is almost 100recurent and little or nothing for capital projects hence borrowing for every damn thing?

Are these not the same clowns in Abuja importing 60,000 dustbins worth N1.1 billion ?

Talk about the most insane, corrupt, useless, incompetent and worthless characters in the world..

Sincere 9gerian:
Where do I even begin to address your shameless display of STUPIDITY?

So you dont even understand the concept of privatisation?

Definition of 'Privatization'

1. The transfer of ownership of property or businesses from a government to a privately owned entity.


http://www.investopedia.com/terms/p/privatization.asp

agbameta: So, with all the privatization noise, the FG is still kneed deep and mortgaging our future in the power sector business and even indebting generations to come with debt to finance it? ....then turn around and sell it off to their cronies in the private sector which really should be bearing the burden from scratch for free..

Can we do anything in this country without doing bambiala in front of china?

I don't even know what brand of AIR to assign to this foolishness and absurdity..

fr3do:

YOUR COMPREHENSION IS A JOKE,I was scrutinizing the fact that an entire dam produces a mere 700mw in a country of 150mil.that can change by installing more generators.
That additional input(generators) will yield huge marginal output
Instead of building multiple dams and keep paying the fixed cost.

Read and ask questions if u dont understand,stop dashing at people online.

agbameta:


1. The FG isold off it's power plants, so why is GEJ borrowing money to build more power plants?

2. Why is GEJ borrowing money to invest in power plants after privatizing the power sector in Nigeria? Is this plant private or non private and also, is the sector fully private of privatization nonsense was just a rouse...?

3. Why is a Nation with billions of dollars in oil proceeds and a major oil exporter borrowing money to do everything under that sun from ogbanje railway to repainting airport, to building roads, to build power plants and so on?

4. Why is it that nearly all the National budget is almost 100recurent and little or nothing for capital projects hence borrowing for every damn thing?

Are these not the same clowns in Abuja importing 60,000 dustbins worth N1.1 billion ?

Talk about the most insane, corrupt, useless, incompetent and worthless characters in the world..

hopilo: Some are on PPP not complete privatization

Rossikk:

No, YOUR comprehension is a joke. Our main problem is not that we don't generate enough megawatts. In fact, installed generating capacity is over 10,000 mw, out of which we distribute about 4,000 mw. Our problem is transmission/distribution, for which infrastructure is being built, including a new, multi-billion dollar supergrid. So it's pointless and a waste 'adding more generators' to make Zungeru produce 2 or 3,000 mw etc.. when the grid will probably struggle to distribute the 700 mw. Expansion of generation capacity must be done in tandem with expansion of transmission/distribution infrastructure. As transmission and distribution capacity improves, they can expand generated output by adding extra gens and turbines to the various hydro dams.

agbameta:


You didn't address it either just like your dullard uncle, you are too lazy and incompetent to address it or you have nothing sane or rational to address it with.









Again, you are a sad by product of your Aso Rock dullard uncle's lousy education policies and incompetence ...


Fvukkk off abeg...

cjrane: [size=18pt]This is why GEJ is truly a detribalized Nigerian.

If that project had been located in Ijaw land, No Northern or Yoruba President will ever talk about it again after 30 years! They will find every excuse in the world to justify why they won't build it.
Little wonder why they can't understand GEJ brand of politics which is devoid of ethnic oppression and hatred.[/size]

Sincere 9gerian:
Let me respond to your STUPIDITY and IGNORANCE as regards the PHCN privatisation before you INFECT innocent NLanders with them.

PHCN privatisation does not mean govt is washing its hands off the power SECTOR. What it means is that govt is transfering ownership of majority shares of SOME of its power ASSETS (distribution networks and power plants) to the private sector.

I hope your brain has not gone too bad to the extent that you cannot differentiate between ASSETS and SECTOR?

All the 11 distributions networks and power plants whose majority shares will be handed over to the private sector (ie privatised) on Monday were ALL built by govt. The 10 NIPP power plants that are also being privatised were all built by govt (their privatisation will be completed next year). So these ASSETS were built by govt and are now being transfered to the private sector for management through privatisation. These ASSETS did not fall from heaven.

In addition, not all the power ASSETS are being privatised. The assets of the Transmission Network of Nigeria (TCN) was not privatised because of its strategic importance and national security. Rather its management was contracted to Manitoba Hydro for a specified period of 3 years. Some hydro power stations are being concessioned and not privatised (they maybe concessioned for 30 years for instance after which the ownership return to govt).

In essence, all these reforms were encapsulated in the well thought out power road map of the FG, launched in 2010. They are not happening by accident.

Likewise, new power ASSETS that are CURRENTLY being built by govt (eg the Zungeru reported on this thread) will in future be privatised or concessioned too.

So in summary, the message that has to sink into you emptyhead (although I doubt the capacity of your brainless head to comprehend the subject matter) is that govt is handing over ASSETS, not the power SECTOR. Govt is still a major player in the sector. FG is still building power plants (to compliment the IPP's being built by either state govt or private sector), it still regulates the SECTOR, it still controls the Transmission network (although contracted to private sector management for 3 years now) and it is still building new transmission lines. What the Power Road map will achieve after full implementation is that unlike before when investment in the power SECTOR was only coming from govt, now investments are now coming from BOTH govt and private sector. This is more like fast forwarding PROGRESS in the power SECTOR.

Rossikk:

YOU are a joke, to call a $1.3 billion plant of 700mw a 'joke'. That amount is nearly 1/5th of our current output in one plant alone. Do you know there are several plants being built across the nation in addition to what we have already? Some of you are just plain ignorant!!

Messi j: while u ppl are clowns, now u indict urself by saying that new power plant are being built all over D country and if u remeber we had a 4500mw production of electricity frm former plants like D kanji and D rest, then GEJ said he will raise it to 10000mw by Dis yr ending then he said 1st quarter of 2014 another time, D issue is that, plus d one we used be4(be4 he came to office we used electricty) and D new ones he has already built what is D total capacity? And whn will D power B ready? Again it is very good D way This contract-aid was handled, the chinese are even tired of nigerians corruption and shameless attitude, so this time they didnt give us D money but decided to pay D contracts by themselves. So i wish all aids and loans or even D ibori and Abacha's reserve shouldnt be given to nigerian govt, but D swiss and others should ask them wish project they say the want to do, and they should do it 4 d suppose cost and pay themselves frm those loots. E.g. D sluggish form of D double lain in federal, An automobile full production(nt part making or assembly) plant company.

Sincere 9gerian:
Let me respond to your STUPIDITY and IGNORANCE as regards the PHCN privatisation before you INFECT innocent NLanders with them.

PHCN privatisation does not mean govt is washing its hands off the power SECTOR. What it means is that govt is transfering ownership of majority shares of SOME of its power ASSETS (distribution networks and power plants) to the private sector.

I hope your brain has not gone too bad to the extent that you cannot differentiate between ASSETS and SECTOR?

All the 11 distributions networks and power plants whose majority shares will be handed over to the private sector (ie privatised) on Monday were ALL built by govt. The 10 NIPP power plants that are also being privatised were all built by govt (their privatisation will be completed next year). So these ASSETS were built by govt and are now being transfered to the private sector for management through privatisation. These ASSETS did not fall from heaven.

In addition, not all the power ASSETS are being privatised. The assets of the Transmission Network of Nigeria (TCN) was not privatised because of its strategic importance and national security. Rather its management was contracted to Manitoba Hydro for a specified period of 3 years. Some hydro power stations are being concessioned and not privatised (they maybe concessioned for 30 years for instance after which the ownership return to govt).

In essence, all these reforms were encapsulated in the well thought out power road map of the FG, launched in 2010. They are not happening by accident.

Likewise, new power ASSETS that are CURRENTLY being built by govt (eg the Zungeru reported on this thread) will in future be privatised or concessioned too.

So in summary, the message that has to sink into you emptyhead (although I doubt the capacity of your brainless head to comprehend the subject matter) is that govt is handing over ASSETS, not the power SECTOR. Govt is still a major player in the sector. FG is still building power plants (to complement the IPP's being built by either state govt or private sector), it still regulates the SECTOR, it still controls the Transmission network (although contracted to private sector management for 3 years now) and it is still building new transmission lines. What the Power Road map will achieve after full implementation is that unlike before when investment in the power SECTOR was only coming from govt, now investments are now coming from BOTH govt and private sector. This is more like fast forwarding PROGRESS in the power SECTOR.

Messi j: while u ppl are clowns, now u indict urself by saying that new power plant are being built all over D country and if u remeber we had a 4500mw production of electricity frm former plants like D kanji and D rest, then GEJ said he will raise it to 10000mw by Dis yr ending then he said 1st quarter of 2014 another time, D issue is that, plus d one we used be4(be4 he came to office we used electricty) and D new ones he has already built what is D total capacity? And whn will D power B ready? Again it is very good D way This contract-aid was handled, the chinese are even tired of nigerians corruption and shameless attitude, so this time they didnt give us D money but decided to pay D contracts by themselves. So i wish all aids and loans or even D ibori and Abacha's reserve shouldnt be given to nigerian govt, but D swiss and others should ask them wish project they say the want to do, and they should do it 4 d suppose cost and pay themselves frm those loots. E.g. D sluggish form of D double lain in federal, An automobile full production(nt part making or assembly) plant company.

Messi j: while u ppl are clowns, now u indict urself by saying that new power plant are being built all over D country and if u remeber we had a 4500mw production of electricity frm former plants like D kanji and D rest, then GEJ said he will raise it to 10000mw by Dis yr ending then he said 1st quarter of 2014 another time, D issue is that, plus d one we used be4(be4 he came to office we used electricty) and D new ones he has already built what is D total capacity? And whn will D power B ready? Again it is very good D way This contract-aid was handled, the chinese are even tired of nigerians corruption and shameless attitude, so this time they didnt give us D money but decided to pay D contracts by themselves. So i wish all aids and loans or even D ibori and Abacha's reserve shouldnt be given to nigerian govt, but D swiss and others should ask them wish project they say the want to do, and they should do it 4 d suppose cost and pay themselves frm those loots. E.g. D sluggish form of D double lain in federal, An automobile full production(nt part making or assembly) plant company.

agbameta:


1. The FG isold off it's power plants, so why is GEJ borrowing money to build more power plants?

2. Why is GEJ borrowing money to invest in power plants after privatizing the power sector in Nigeria? Is this plant private or non private and also, is the sector fully private of privatization nonsense was just a rouse...?

3. Why is a Nation with billions of dollars in oil proceeds and a major oil exporter borrowing money to do everything under that sun from ogbanje railway to repainting airport, to building roads, to build power plants and so on?

4. Why is it that nearly all the National budget is almost 100recurent and little or nothing for capital projects hence borrowing for every damn thing?

Are these not the same clowns in Abuja importing 60,000 dustbins worth N1.1 billion ?

Talk about the most insane, corrupt, useless, incompetent and worthless characters in the world..

blacksta: wake me when it is built - my spit is too precious to comment

I have lost track of the number of MOUs Nigeria has signed

Sincere 9gerian: [s]
Let me respond to your STUPIDITY and IGNORANCE as regards the PHCN privatisation before you INFECT innocent NLanders with them.

PHCN privatisation does not mean govt is washing its hands off the power SECTOR. What it means is that govt is transfering ownership of majority shares of SOME of its power ASSETS (distribution networks and power plants) to the private sector.

I hope your brain has not gone too bad to the extent that you cannot differentiate between ASSETS and SECTOR?

All the 11 distributions networks and power plants whose majority shares will be handed over to the private sector (ie privatised) on Monday were ALL built by govt. The 10 NIPP power plants that are also being privatised were all built by govt (their privatisation will be completed next year). So these ASSETS were built by govt and are now being transfered to the private sector for management through privatisation. These ASSETS did not fall from heaven.

In addition, not all the power ASSETS are being privatised. The assets of the Transmission Network of Nigeria (TCN) was not privatised because of its strategic importance and national security. Rather its management was contracted to Manitoba Hydro for a specified period of 3 years. Some hydro power stations are being concessioned and not privatised (they maybe concessioned for 30 years for instance after which the ownership return to govt).

In essence, all these reforms were encapsulated in the well thought out power road map of the FG, launched in 2010. They are not happening by accident.

Likewise, new power ASSETS that are CURRENTLY being built by govt (eg the Zungeru reported on this thread) will in future be privatised or concessioned too.

So in summary, the message that has to sink into you emptyhead (although I doubt the capacity of your brainless head to comprehend the subject matter) is that govt is handing over ASSETS, not the power SECTOR. Govt is still a major player in the sector. FG is still building power plants (to complement the IPP's being built by either state govt or private sector), it still regulates the SECTOR, it still controls the Transmission network (although contracted to private sector management for 3 years now) and it is still building new transmission lines. What the Power Road map will achieve after full implementation is that unlike before when investment in the power SECTOR was only coming from govt, now investments are now coming from BOTH govt and private sector. This is more like fast forwarding PROGRESS in the power SECTOR[/s].

the National Policy on Electric Power 2001;
the Electric Power Sector Reform Act (6/2005); and
the Roadmap for Power Sector Reform 2010.

The policy sets out the government's objectives for the sector, including divestiture by the government of its interests in state-owned entities within the sector and the promotion of competition through the full liberalisation of the electricity market.

The act seeks to enshrine these objectives and provide a framework for their implementation. It provides for:

privatisation of the former state-owned monopoly – the National Electric Power Authority;
unbundling of the National Electric Power Authority's successor company – the Power Holding Company of Nigeria Plc (PHCN) – into distinct business units;
the subsequent transfer of PHCN's assets, liabilities and staff to its successor companies;
liberalisation of the Nigerian electricity industry to allow for private sector investment; and
determination of market variables (eg, pricing) by market forces.

The road map indicates the government's intention to divest from PHCN's successor companies, other than the Transmission Company of Nigeria, which will continue to be responsible for the transmission of electricity; this is a natural monopoly for the state.

agbameta:









Privatization means privatization and all the power generating assets are gone, sold for good as demanded by the privatization act.

The privatization act was compound and specific and the only exception remains the transmission infrastructures you dumb asss.

Is this zungeru project a power transmission or generating project?

Again, where is the sense and wisdom in selling off your power plants then turn around and indebt yourself with loans from china to building more power plants, then again turn around and sell it for pennies to your cronies while Nigerians keep paying the bills for decades?

No surprise here because you are expected to think and reason like your mentally corrupt and incompetent dullard uncle...

Rossikk: ujoinme, I'm surprised you have time to debate Eko Ile (sorry, ''Agbameta'').

We all know where he stands on the issue even before he arrives.

ujoinme:
[s]
Eko ile AkA Agbameta why dont you just accept that this is beyond your comprehension. Stop exposing your ignorance on this site! some of us already know that you are "special' .
The govt. goal is to increase the generating capacity hence it make sense for then to continue building more plants and also encourage state govt and the private sector to do same, hence the freedom granted to your master to keep building his 23MW plants. All this is done to boost generating capacity!!!!!!

When FG privatizes its power plant it gets money for it, and hands over/transfers the liability of effective management and maintenance of the plants to those who have business in business- the private sector.
From the money that the FG gets in the privatization process they can plough it back into building more plants to increase generation capacity. Like they are doing at zangeru.

Because the GEJ administration is smart and can get funding more easily and at a cheaper interest rate than most bussiness in Nigeria can, it makes sense for them to utilize this opportunity to borrow and at the same time get technical expertise from the fund managers ---China to finance what is of interest to them ie increasing the power generating capacity in Nigeria.[/s]

Rossikk: [s]ujoinme, I'm surprised you have time to debate Eko Ile (sorry, ''Agbameta'').

We all know where he stands on the issue even before he arrives. [/s]