ROSSIKE:

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?

Jerry2i:
My thoughts exactly.
What we need is power transmission,at least for now.

victorazy:

Is bcux ur a f00l that doesn't know that no African power plant generates more than that.

benega post=/post/26822505:
This is what u get when u elect a human being with vision As opposed to blood sucking vampires. Like d likes of OBJ. Ride on GEJ we r with u to d end #GEJ till 2019 #No GEJ NO NIGERIA

samplegirl:


Link to prove your claims!

ROSSIKE:

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?

Federal government’s bid to ensure regular power supply has received a boost as Sparkle Energy has said it planned to build a $10 billion 4000 Gas-fired Power Plant called Sparkle Power Plant, which is to become the largest gas-fired power plant in Nigeria.
Making the disclosure in a document made available to THISDAY, Groot Property Group Ltd said it floated the firm (Sparkle Energy) in partnership with some prominent Nigerian entrepreneurs and scholars based in the United States, and a Nigerian consortium for the development of the power project. The company said the project, with a construction budget of $10 billion was designed to sufficiently power up to 5 million homes in Nigeria.

businesslawyer: This same project whose Contract was ratified in 2011 by this same Government promising 87monts completion period at around $2billion suddenly is getting re awarded just to make political statement-http://www.dailytimes.com.ng/article/fec-ratifies-mambilla-hydro-power-project.

We have a lying deceptive government.
THIS WAS IN 2011
The Federal Executive Council (FEC) on Wednesday ratified an earlier awarded contract of N5.65billion (US$37.2million) for the proposed 2,600-Megawatt Mambilla Hydro power project in Taraba.

Minister of Information and Communications Labaran Maku told reporters after the FEC meeting which was presided over by President Goodluck Jonathan at the State House in Abuja.

Labaran said the contract was awarded to Messrs Coyne et Bellier together with two local companies with an 87 months completion period.

Clarifying an earlier FEC directive stopping the award of all contracts since December 2010, Labaran said the Mambilla power project had been awarded previously, but there was the need for its ratification by the Council.

"It is a crown project for this country in addressing significantly the issue of power," he said, stressing that the project was one of the major programmes of the Federal Government towards improving energy security in the country.

The FEC also ratified approval for the variation of the contracts for the construction of 225MW Gbarain Power Plant and 338MW Egbema Power Plant. The ratification of the variation was as a result of memos presented by the Minister of State for Power, Nuhu Wyato.

The government had made a request made to the contractors to modify the design of the plant to accommodate additional gas turbines and combined cycle operation.

Gbarain contract was reviewed from N21billion to N33.5billion while Egbema contract was reviewed to raise expected generation from 338MW to 675MW.

Crowd management

In another development, the President has directed special training of security agencies on crowd management to avoid future occurrence of the last week’s tragedy in Port Harcourt.

Labaran said the President gave the directive after the Council had reviewed the incidence.

He stated that FEC commiserated with the families of the victims of the tragedy and prayed God for the repose of their souls.

greaterlove: For those saying this is because of next year election I have this question:
Was the agric reform, the automobile policy, freedom of information bill, the railway revival, the road constructions, ajaokuta steel that is gradually coming to life, the growth in manufacturing, growth in economy, the privatization of the power sector etc all because of election?
Goodluck so far has proven to be a politician who does what he says, when it comes to infrastructure I can take this government promises to the bank.

estyvino: Good to know

ROSSIKE:

God bless you. The fact is you can take the FG serious because they have a record of performance that is matched to their earlier promises.

ROSSIKE:

God bless you. The fact is you can take the FG serious because they have a record of performance that is matched to their earlier promises.

arresa:
I see you are still dodging producing your facts about power transmission investment by the FG..

ROSSIKE:

http://www.tendersontime.com/blog-detail/nigeria-power-transmission-get-16-billionvestment-67.php

http://allafrica.com/stories/201408260113.html

http://www.ventures-africa.com/2014/09/tackling-the-last-stumbling-block-to-nigerias-power-progress/

GreatFatherson: Are there no engineers on Nairaland to educate ignorant folks here that hydro power plants cost much more than fossil fuel power plants because dams are massive civil engineering undertakings.

However hydro power plants remain very attractive because the raw material (water) is completely free and these plants have by far the longest useful life span of any type of power plant (up to 100 years vs 30 years for the very best steam turbine power stations and 20 years for gas turbines.

arresa: With the FG still holding on to power transmission, the privatization scheme remains meaningless and it's still the main stumbling block and the reason why we can not get adequate investments in the power sector. Investors are not stupid because they know with our population and size of economy, Nigeria is a good market for power generation and transmission, but they are not foolish because only dumb and foolish people invests millions and billions to, generate power then turn around and hand it over to another entity to transmit via a very obsolete transmission grid that loses a major chunk of generated power?


They need to privatize the whole sector from top to bottom including transmission..

arresa:


http://www.ventures-africa.com/2014/09/tackling-the-last-stumbling-block-to-nigerias-power-progress/

Says nothing about FG investment in power transmission..

GreatFatherson:

No, you are wrong and sentimental

Privatising the transmission sector is extremely difficult because the revenues from wheeling charges

(paid to the transmission company for the transporting the electricity from the generating stations to the distribution companies) simply cannot cover the huge costs of building, maintaining and operating transmission lines and substations. Even problems from restive communities where these lines pass through is enough to put any investor that will be crazy enough to want to stake his money.

Also since the transmission infrastructure is a monolithic network, privatizing it will simply create a natural monopoly. Imagine what would have happened if Adenuga or Dangote owned the entire mobile telephone network in this country.

ROSSIKE:



Oh yes it does!

''Nigeria’s government seems on be this same wavelength, disclosing that it is spending $3.5 billion – the money raised from 15 state-owned generation and distribution companies – to boost transmission capacity by 50 percent.''


This, from Bloomberg:

''The government of President Goodluck Jonathan is spending $3.5 billion to boost transmission capacity by 50 percent. Nigeria sold 15 state-owned generation and distribution companies to raise funds. The current transmission capacity of Abuja-based TCN is 5,500 megawatts compared with an installed generation capacity of 8,000 megawatts, Nebo said. This means that if generation companies were operating at full capacity, the grid would be unable to transmit all of the power to homes. The government wants transmission capacity to exceed 6,000 megawatts by 2016.''

http://www.bloomberg.com/news/2014-09-14/nigeria-considers-20-billion-offers-to-sell-transmission-assets.html

ewosk: mambila is not n will not be Africa largest power plant...BUT IF implemented it would be a step in the right direction....
Leggo GEJ!
i jst pray dis project do not meet its end in d board room n columns of newspapers......




Ethiopia has already awarded a contract for 6000Megawatts power plant..
mobile.bloomberg.com/news/2014-03-19/ethiopia-sees-output-from-africa-s-biggest-power-plant-by-2015.html

The Ethiopian Electric Power Corp., a government utility, is building the 6,000-megawatt Grand Ethiopian Renaissance Dam on the Blue Nile River. The 80-billion birr ($4.1 billion) hydropower project will be paid for by domestic bond sales and government funds and is scheduled for completion in 2018.

arresa:

So, is it not foolish and ignorant to engage such capital and intensive project when there are cheaper and easier alternatives like gas fired plants?

Penny wise, pounds foolish..




Low Water Levels at Hydro Stations to Worsen Power Supply

04 Mar 2014

http://www.thisdaylive.com/articles/low-water-levels-at-hydro-stations-to-worsen-power-supply/172938/

Hydro power dams are not dependable and consistent since they get plagued by power water level which decreases their efficiency..

This year alone, we are likely to lose 1,000 megawatts due to low water level at Kainji, Jeba and shiroro..

Cheaper gas fired plants are more dependable and we have more than enough gas to power tons of them.

We have so much gas that we burn it off for nothing. Why not build gas fired plants and make good use of the gas we've been wasting for decades..

Penny wise, pound foolish..

Try again...