unapologetic: ABAKALIKI — EBONYI State government, yesterday, signed $1.14 billion contract with foreign partners for the construction of the state’s Independent Power Plant, IPP.

The project, with the capacity of 2,700 megawatts, is expected to be completed within two years. At the ceremony which took place at the State Executive Council meeting at Government House, Abakaliki, the Minister of Power, Professor Chinedu Nebo, said the project would boost industrial revolution of the state and the South East and enhance the development of other sectors of the economy.

The proposed power plant, which is jointly owned by Hodges and Bakers Field and Ebonyi State government at 80, 20 per cent share, would be constructed by a Korean firm.
The plant is to be located at West Bank of Cross River in Oferekpe/Akahuwhu Inyimegu in Ikwo Local Government Area of Ebonyi State.
The Minister of Power, Professor Chinedu Nebo, described the plant as the single largest power plant in the country.

Professor Nebo promised that the Federal Government would give the state necessary assistance to ensure that the project was actualised and commended Ebonyi State government for its visionary leadership.

Governor Martin Elechi said the project would increase the income stream of the state by N40 billion every year to accelerate the development of the state.
He commended the Minister of Power and development partners for their cooperation to ensure the realisation of the project.
Chief Executive Officer, Ebonyi Independent Plant, Mr. Terry Moreland, and the representative of the firm constructing the project, Mr. KES Sion, assured of their commitment to ensure the completion of the plant.






Source: http://www.vanguardngr.com/2014/09/ebonyi-signs-1-14bn-contract-construction-ipp/#sthash.C68kyhS5.dpuf

Onuvicalliswell: Its a nice one bt dis elechi is actually taking all d govment project to ikwo, like d federal uni, rice processin mill, n nw dis mega power station all in ikwo. while dre ar oda 12 local gov. Dat av nt even dream of any govmt asistant if nt emergency program like out break of guinea worm, cholera,floodings or wind disaster dat d govmnt can boost of. May God help ebonyi state

unapologetic: ABAKALIKI — EBONYI State government, yesterday, signed $1.14 billion contract with foreign partners for the construction of the state’s Independent Power Plant, IPP.

The project, with the capacity of 2,700 megawatts, is expected to be completed within two years. At the ceremony which took place at the State Executive Council meeting at Government House, Abakaliki, the Minister of Power, Professor Chinedu Nebo, said the project would boost industrial revolution of the state and the South East and enhance the development of other sectors of the economy.

The proposed power plant, which is jointly owned by Hodges and Bakers Field and Ebonyi State government at 80, 20 per cent share, would be constructed by a Korean firm.
The plant is to be located at West Bank of Cross River in Oferekpe/Akahuwhu Inyimegu in Ikwo Local Government Area of Ebonyi State.
The Minister of Power, Professor Chinedu Nebo, described the plant as the single largest power plant in the country.

Professor Nebo promised that the Federal Government would give the state necessary assistance to ensure that the project was actualised and commended Ebonyi State government for its visionary leadership.

Governor Martin Elechi said the project would increase the income stream of the state by N40 billion every year to accelerate the development of the state.
He commended the Minister of Power and development partners for their cooperation to ensure the realisation of the project.
Chief Executive Officer, Ebonyi Independent Plant, Mr. Terry Moreland, and the representative of the firm constructing the project, Mr. KES Sion, assured of their commitment to ensure the completion of the plant.






Source: http://www.vanguardngr.com/2014/09/ebonyi-signs-1-14bn-contract-construction-ipp/#sthash.C68kyhS5.dpuf

olushowunm: . This is "Dead-on-Arrival" project. Well, its not possible to construct 2700mw with $1.14billion! Its the biggest scam I ever heard of! 1Mw costs average of $1million and for Nigeria system, it should cost about $1.2m/Mw. So do the Arithmetic and you will know this is a scam!

msmon: Good development, this has been done in Ogun state years back.

adconline: How can a govt have a JV of $1.14bn with a fictitious company-hodges and bakersfield? What's their track record? This company doesn't even have a website.. Just Facebook. What's the name of Korean company to construct this project? Naija govt deceiving folks since 2000BC!

raumdeuter: 6 months to leaving office, the sleeping governor signs a $1bn contract with a company that cant even boast of a website.

Every rundown blogger has a website

Ordinary website that can be done for $100.

Naija politicians no dey try at all, if dem wan chop our money dem no even dey pretend, To spend $200 do website out of the $1bn dey hard dem. So the maximum we can get from a company that won a $1bn contract is a facebook page.

Animal in human skin, Animal dey wear agbada, Animal dey put on suit o

ceejayluv: $1.14 billion for 2.7GW?? That's highly ambitious, if not unrealistic.

I was going to say that as well!

Immediately I saw 1.1 Billion Dollars to build a 2700 Megawatt IPP, my Juju senses started tingling.. But then I saw Koreans and chillaxed a bit as those people are capable of changing Water to Wine.. But when I went online and googled the name of the company and didnt find it.. My juju senses started tingling even worse..

How does a Korean firm have an American name?!

1.1 billion cant build a 2.7GW plant atleast not buy what we have seen with other IPP's in Rivers state and Akwa Ibom.

How do they intend to generate the power?! Is it Gas?! Is it a solar farm?! or is it a hydro powered turbine?! or a Nuclear reactor?!





This deal smells of fraud.. Ndi Ebonyi should exercise their Freedom of Information rights and demand to see the details of this deal as I think someboddy is about to fhuck them again for free..

Daniel058: Gov..MARTIN Elechi~~OCHUDO!!,well done sir!. very soon ABAKALIKI will join the list of most popular cities in Ebonyi state...#NWA~ABAKALIKI~4~LIFE

adconline:
JVs can be formed, but by partners who have proven track record. JV equity from Ebonyi is about N40bn- 40% of their annual budget. It runs a budget of less than N100bn. Where is the money coming from? Who is backing the fictitious company? How come no Naija Banks,ADB, IFC, World Bank, GE, ABB are mentioned? Who are their technical partners?

573V31D: What is dis disrespect about ebonyi all about...u all wil be d envy of ebonyi come 2017

sample042: ...Another means of looting my poor state.

Though a good foresight bt why shld it be towards d end of ur tenure?


Ebonyians kaa!

ebolablast: o boy!!! see money!!!

First Ebola Case In Abakalaki,Doctors And Nurses Flee From Hospital..come see race na..chai see doctors dey run with their lab coat lwkmd
READ HERE http:///Gxzp

category:
It should be the other way round. Am sure you meant to say Ebonyi will be the envy of all. Just a lil correction any way...
By the way
*International market not yet completed
*Water project not yet completed
*State secretariat not yet completed (not too far from completion though)
*cement processing plant (don't knw wats happening to it)
*Enugu/Ogoja express way badly executed by d Governor's indeginous firm and that of his 'stubborn' deputy.
He should not start what seems to me as would be abadoned.

573V31D: thanks for d correction...but u must also agree with me dat most comments here derails Ebonyi and its people. Why dat? Even from fellow igboites *sad*

eaglechild: This is supposedly a good development.

However, I am wary of governors that suddenly wake up and start signing billion naira projects when they have a few months to go.

drsteroid: Few months 2 the end of his tenure,he is signing contract 4 construction of IPP..hope he isn't trying 2 cover up some mess in his govt,cos ebonyi is a state where there is full blown poverty.This is a gud news but I doubt all this governors signing million dollars contract b4 the end of their tenure..keeping fingers crossed

Okijajuju1:


Tell me you work for a financing company or Projects.

Brilliant line of questioning.

Okijajuju1: [size=20pt]There is no evidence of the existence of a Hodges and Bakers Field Electric or anything else Company online anywhere in the world.. [/size]



So... Basically, Nigerians are clapping there hands as the Politicians just signed away our money to nobody.


Who is Hodges and Bakers Field?!

Where did they come from?!

What is their website?

Whats there experience history?

How did the Ebonyi State government enter into this deal?!

What are the terms and conditions of this deal?!



I suspect a big fraud here!

Okijajuju1: [size=20pt]There is no evidence of the existence of a Hodges and Bakers Field Electric or anything else Company online anywhere in the world.. [/size]



So... Basically, Nigerians are clapping there hands as the Politicians just signed away our money to nobody.


Who is Hodges and Bakers Field?!

Where did they come from?!

What is their website?

Whats there experience history?

How did the Ebonyi State government enter into this deal?!

What are the terms and conditions of this deal?!



I suspect a big fraud here!

karpentar:

Just because, elections are few months away doesn't mean development should cease. My concern is, where is the firing gas for the turbines coming from? The report didn't say that and I find that strange.

Billyonaire: Thats the problem we have. They just have their surrogates to register a western sounding foreign name as company and finance projects 100% with state money only to convert 80% purpotedly for surrogate company that is owned by them. I wouldnt care much if and if this IPP can actually come online at stipulated time so the citizens can empower themselves. Humans needs are happiness and a few millions for a life time, but our greed has made us steal much more than we need. Most of Nigerian politicians are not humans, they are less than humanoid species and I pity them.