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FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! - Politics - Nairaland

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FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by Nobody: 11:26pm On Oct 02, 2014
[size=15pt]FG to sign Mambila Power Plant contract October.[/size]


- Biggest Power Plant In Africa

- To Produce 3,050 MW



September 22, 2014 by Everest Amaefule, Abuja




President Goodluck Jonathan has given marching orders to authorities in the power sector to conclude all necessary arrangements to sign the contract for the construction of Mambila hydro power plant in Taraba State.

Minister of State for Power, Mr. Mohammed Wakil, disclosed this at a rally for Jonathan in Gombe, according to a statement made available to our correspondent in Abuja on Monday by Special Assistant to the Minister (Media), Olawale Rasheed.

Wakil said, “The president has broken the jinx of the Mambilla hydro dam which is worth about $7bn. The dam is to generate over 3000 Mega Watts and it is about the biggest on the continent. This project has been on the drawing board since 1970. This president has given marching order for the signing of the Mambilla hydro dam by this October.

“The Kashambilla hydro dam has reached about 95 per cent completion. This is in addition to the new transmission lines across the zone.

“We are pushing ahead with the 330kv transmission sub-station to be located in the region. And the Federal Executive Council has just approved another transformer for the state. This is the first time an addition to the transmission capacity of Borno State is being made since 1976.”


...The Mambilla power project had been on the drawing board since the 1970s but in 1985 was planned to consist of 2600MW capacity.

The contract was awarded to Sunrise Power in 2003 but this was later revoked, thereby prompting the company to go to court. The legal process stalled the implementation even though a new contractor was awarded the job.

Following years of litigation, the government has now integrated Sunrise into the project and the project will now consist of three dams – Nya, Samsum and Nghu with interconnecting tunnels and a total generation of 3050MW.

Given the new arrangement, Sunrise Power had to vacate all its suites to enable the project to begin.

The Debt Management Office had in 2007 reported that the Federal Government had secured a credit facility of $1bn from the Exit Import of China to finance the Mambila power project.

Meanwhile, the Federal Government has confirmed that the gas supply has been restored to most power plants in the country except Olorunsogo following the calling off of strike embarked by oil workers.

http://www.punchng.com/news/fg-to-sign-3050mw-mambila-power-plant-contract-october/

26 Likes 2 Shares

Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by estyvino(m): 11:35pm On Oct 02, 2014
Good to know

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Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by estyvino(m): 11:37pm On Oct 02, 2014
We shall overcome power problem in this nation! This is because we can

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Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by mkpakanaodogwu(m): 11:40pm On Oct 02, 2014
Mr president is working,spreading development all over Nigeria,

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Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by abes(m): 11:43pm On Oct 02, 2014
Biggest in Africa? They are not honest, why should we believe them?

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Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by Nobody: 11:44pm On Oct 02, 2014
estyvino: We shall overcome power problem in this nation! This is because we can

Look, if Mr President pulls this off, it would be his crowning achievement as president of this country. That plant alone can single handedly end power cuts in this country. It's a massive undertaking.

26 Likes 2 Shares

Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by nkenu(m): 11:44pm On Oct 02, 2014
Lets start feeling the impact of the already commissioned dams first befor we start getting excited about this news. Sometimes, its all starts and ends in the front pages of the news peppers. Na wash!!! shocked

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Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by Nobody: 11:46pm On Oct 02, 2014
nkenu: Lets start feeling the impact of the already commissioned dams first befor we start getting excited about this news. Sometimes, its all starts and ends in the front pages of the news peppers. Na wash!!! shocked

We are feeling the impact of those projects. Power supply is improving across the nation.

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Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by Rikidony(m): 11:59pm On Oct 02, 2014
Op stop spreading fake info, Mambilla power is not the biggest power project in africa. the Kenyan govt just sign a contract with China to build 5000mg power station even DRCONGO is building the biggest hyddro power station in africa. dude we are celebrating medeocrity in this country when smaller and less rich contries are doing more.

yes Gej is doing his best to stabilize power which we thank him for that

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Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by Nobody: 12:17am On Oct 03, 2014
Rikidony: Op stop spreading fake info, Mambilla power is not the biggest power project in africa. the Kenyan govt just sign a contract with China to build 5000mg power station even DRCONGO is building the biggest hyddro power station in africa. dude we are celebrating medeocrity in this country when smaller and less rich contries are doing more.

yes Gej is doing his best to stabilize power which we thank him for that

Show us a link to prove your Kenya claim. There is nothing on it anywhere. (I checked)

The Inga project in DRC is still on the drawing board.

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Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by jking001(m): 12:24am On Oct 03, 2014
God bless Nigeria and God bless the President of the federal republic of nigeria.

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Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by cjrane: 1:20am On Oct 03, 2014
I hope this is a PPP project.
Where will Nigeria get $7 billion dollars to waste, when it could build a brand new high speed rail from Lagos to Abuja.

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Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by arresa: 1:30am On Oct 03, 2014
cjrane: I hope this is a PPP project.
Where will Nigeria get $7 billion dollars to waste, when it could build a brand new high speed rail from Lagos to Abuja.


They'll build with taxpayers money, then turn around and privatize to their cronies for little or no money. This is the same government that sold off power generating assets..

They should be investing in modern transmission grid and get rid of the worthless and obsolete century old grid. Of what uses is generated power if at the end of the day you can not effectively transmit it to the end user. This is putting the cart before the horse..

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Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by Nobody: 1:56am On Oct 03, 2014
arresa:


They'll build with taxpayers money, then turn around and privatize to their cronies for little or no money. This is the same government that sold off power generating assets..

They should be investing in modern transmission grid and get rid of the worthless and obsolete century old grid. Of what uses is generated power if at the end of the day you can not effectively transmit it to the end user. This is putting the cart before the horse..

The govt IS investing heavily in transmission facilities. Again, more criticism and wild assumptions with zero research. Oh, and the national grid is nowhere near a century old. There was no grid during colonial rule. Our national grid is barely 40 years old and is being expanded not dismantled.

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Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by arresa: 2:17am On Oct 03, 2014
ROSSIKE:

The govt IS investing heavily in transmission facilities. Again, more criticism and wild assumptions with zero research. Oh, and the national grid is nowhere near a century old. It's barely 40 years old. There was no grid during colonial rule.



Why not just educate me with facts or anything documented about the so called heavy investment in transmission facilities? instead of the little story.

To my understanding, the transmission system was outsourced so is the Nigerian government doing the investing or the company it was outsourced to?
Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by chinwike2(m): 2:24am On Oct 03, 2014
This will be the final blow to darkness in Nigeria if. . . The co-financiers China's Export-import bank are well known for these kind of projects in rail in other african countries, New 5 intl. airports terminals in Nigeria, & even their own tens of mega-hydro power dams constructed to spec. on time with strict fianace from a consortium of banks in china- dams in china which were only started few years ago & successfully exectuted. Please they should repeated same feat in Nigeria with This Mambila & the ongoing 700mw zungeru hydroplant also by the chinese- sunrise power please comply. @ROSSIKE so the pèstt disturbing you above does not know FG has hands-off power generation & distribution since last year privatisation, FG's 10 new generation stations NIPP(plus kaduna powerplant) and hundreds of distribution sub-station extension across Nigeria is their last stint there- private investors takes over that section & many have started work like Geometric which has completed its Aba powerplant. FG still invests in transmission even though there is a concession with Canadian Manitoba, transmission contracts like the Benin- Anambra lines still came up in this year's budget & so on. Front page tinz

4 Likes 2 Shares

Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by NIGERIALOLoCOM(m): 2:34am On Oct 03, 2014
Chai! Uncle Jonathan, these election promises you're sharing, dearis Gooooduooo!! grin grin

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Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by chinwike2(m): 3:28am On Oct 03, 2014
ROSSIKE:

Look, if Mr President pulls this off, it would be his crowning achievement as president of this country. That plant alone can single handedly end power cuts in this country. It's a massive undertaking.
GBAM !

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Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by VoteOutPDPJona: 3:35am On Oct 03, 2014
Like Ibos like Middle belterns. Like second Niger bridge like this election Mambila power plant contract. People Deceiving People. Nigerians are no longer daft. grin angry angry angry

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Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by arresa: 3:46am On Oct 03, 2014
chinwike2: This will be the final blow to darkness in Nigeria if. . . The co-financiers China's Export-import bank are well known for these kind of projects in rail in other african countries, New 5 intl. airports terminals in Nigeria, & even their own tens of mega-hydro power dams constructed to spec. on time with strict fianace from a consortium of banks in china- dams in china which were only started few years ago & successfully exectuted. Please they should repeated same feat in Nigeria with This Mambila & the ongoing 700mw zungeru hydroplant also by the chinese- sunrise power please comply. @ROSSIKE so the pèstt disturbing you above does not know FG has hands-off power generation & distribution since last year privatisation, FG's 10 new generation stations NIPP(plus kaduna powerplant) and hundreds of distribution sub-station extension across Nigeria is their last stint there- private investors takes over that section & many have started work like Geometric which has completed its Aba powerplant. FG still invests in transmission even though there is a concession with Canadian Manitoba, transmission contracts like the Benin- Anambra lines still came up in this year's budget & so on. Front page tinz

You obviously can not read and comprehend. How do you reconcile both highlights. I was talking about transmission and not power generation and whatever other nonsense you are talking about. And after that, you turn left to indeed admit that transmission was outsourced like I asserted..

It's not by force to comment or talk out of the side of your neck..

Btw, why not help him show us what transmission investment they've made..

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Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by chinwike2(m): 3:50am On Oct 03, 2014
nkenu: Lets start feeling the impact of the already commissioned dams first befor we start getting excited about this news. Sometimes, its all starts and ends in the front pages of the news peppers. Na wash!!! shocked
What power, from which dam ? The dams completed by GEJ in the last few years are only irrigation/raw water dams with catchment area for irrigating large areas & kilometers of farmlands plus hold raw water for treatment & supply to homes of which none of the dams can generate excess of 50mw with the power stepped-down directly to neighbouring communities. Unless you are talking of the Ongoing 700mw zungeru hydro dam in Niger state & kainji/jebba are old ones. For you info. Nigeria's current power comes most often from thermal gas plants like the new 10 NIPP's. Thats why we need the hydro, gas, rewenable energy, clean-coal mix urgently

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Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by moderatorr: 3:50am On Oct 03, 2014
unbelievable!! cheesy
Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by chinwike2(m): 3:54am On Oct 03, 2014
arresa:

You obviously can not read and comprehend. How do you reconcile both highlights. I was talking about transmission and not power generation and whatever other nonsense you are talking about. And after that, you turn left to indeed admit that transmission was outsourced like I asserted..

It's not by force to comment or talk out of the side of your neck..

Btw, why not help him show us what transmission investment they've made..
who is this one ? Run along boy ! Wait o o he carelessly forgot to highlight the part i wrote- "FG still invests in transmission' children of now-a-days ! But he still doesnt deserve my sympathy. Oya pick up your ball and run along kid ! !

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Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by arresa: 3:58am On Oct 03, 2014
[s]
chinwike2: who is this one ? Run along boy !
[/s]



Next time, read and comprehend before jumping around like a clueless can't read and comprehend illiterate.

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Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by chinwike2(m): 4:02am On Oct 03, 2014
Rikidony: Op stop spreading fake info, Mambilla power is not the biggest power project in africa. the Kenyan govt just sign a contract with China to build 5000mg power station even DRCONGO is building the biggest hyddro power station in africa. dude we are celebrating medeocrity in this country when smaller and less rich contries are doing more.

yes Gej is doing his best to stabilize power which we thank him for that
thank God, your last statement Caps it all !

1 Like 1 Share

Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by chinwike2(m): 4:20am On Oct 03, 2014
ROSSIKE:

The govt IS investing heavily in transmission facilities. Again, more criticism and wild assumptions with zero research. Oh, and the national grid is nowhere near a century old. There was no grid during colonial rule. Our national grid is barely 40 years old and is being expanded not dismantled.
Thats what the Power reform plan is tackling the power transmission towers from akwa ibom to jos plus that of abuja would soon be energized is also part of FG's investment in transmission but transmission capacity is still below 10,000mw, so thats why the power reform plan incorporatores the SUPER-GRID that would wield power to all parts of Nigeria in multiple loops. I hope the transmission capacity increases as generation increases. Anyway thats what Manitoba promised. But ROSSIKE please zero in on articles on PH-Gombe rail and the faster Abuja-kaduna rail lines, thats the emerging area this december- i would love to see it
Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by adconline(m): 4:41am On Oct 03, 2014
Build the fvccking thing. Naija and lying mentality of being the biggest in Africa and some shiit!
While lying about " biggest" in Africa nonsense, Some power plants that are operational RSA are bigger than this proposed one TO BE built.
Here is the link of Power stations in Africa for ur perusal.
Duvha PowerStation =3600mW
Kusile= 4800mW
Majuba=4110mW
Matimba=3900mW

http://en.m.wikipedia.org/wiki/List_of_power_stations_in_South_Africa

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Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by arresa: 5:17am On Oct 03, 2014
SA produces 45% of generated electricity in Africa.

SA has the worlds largest coal fired power plant that produces 4,111 MW

SA is building another coal fired power plant to top the current world record holder @ 4,800 MW for $805 million

But Nigeria is spending $7 billion on a 3,000 MW power plant... + The $20 billion they've spent that gave us nothing but continued darkness..

Sometimes I wonder about Nigeria and the clowns running this country..

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Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by Nobody: 6:17am On Oct 03, 2014
arresa:
SA is building another coal fired power plant to top the current world record holder @ 4,800 MW for $805 million

But Nigeria is spending $7 billion on a 3,000 MW power plant... + The $20 billion they've spent that gave us nothing but continued darkness..

Sometimes I wonder about Nigeria and the clowns running this country..


I actually thought you were brighter than this. So you actually believe a 4,800 mw power plant can be built for $805 million? Fact is that the $805 million was an initial loan taken out to fund the Kuslie project commencement in SA, and most certainly not the entire amount required, as shown by this list of funders:


''The following institutions are involved in supporting the Kusile Power Station:

Multilateral development banks:

African Development Bank - $500 million corporate loan, November 2008


Banks:

Bank of America - advisory service, October 2010
Bank of Tokyo Misubishi UFJ - 705 million euro syndicated loan, December 2009
Barclays - advisory service, October 2010
BNP Pribas - corporate loan as part of 1,185 million euro syndicated loan
Credit Agricole - corporate loan as part of 1,185 million euro syndicated loan
Credit Mutuel-CIC - corporate loan as part of 1,185 million euro syndicated loan
Credit Suisse Group - helping with the sale of a stake
Deutsche Bank - 705 million euro syndicated loan, December 2009
FirstRand Bank Ltd - 705 million euro syndicated loan, December 2009
HSBC Group - 705 million euro syndicated loan, December 2009
JPMorgan Chase - advisory services
KfW IPEX-Bank - 705 million euro syndicated loan, December 2009
Natixis - corporate loan as part of 1,185 million euro syndicated loan
Nedbank Group - 705 million euro syndicated loan, December 2009
Rand Merchand Bank - 705 million euro syndicated loan, December 2009
Societe Generale - corporate loan as part of 1,185 million euro syndicated loan
Standard Bank - 705 million euro syndicated loan, December 2009''

http://en.wikipedia.org/wiki/Kusile_Power_Station

That must come up to several billions of dollars, no?

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Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by Rikidony(m): 6:19am On Oct 03, 2014
chinwike2: thank God, your last statement Caps it all !
YEA undecided
Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by Rikidony(m): 6:24am On Oct 03, 2014
ROSSIKE:

Show us a link to prove your Kenya claim. There is nothing on it anywhere. (I checked)

The Inga project in DRC is still on the drawing board.

DUDE I HAVE NO TIME TO SPREAD FALSE INFO JUST TO DISCREDIT ANY INDIVIDUAL, GEJ IS TRYING.

HE SHOULD DO MORE
Re: FG To Sign $7 Billion Contract For Mambila Power Plant This Month!! by yuzjet(m): 6:28am On Oct 03, 2014
Election is so close, everything seems to get attention from the government.

undecided

1 Like

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