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FG Signs $1bn Mou On 1,000MW Plant - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / FG Signs $1bn Mou On 1,000MW Plant (11974 Views)

FG Signs Mou On 1,000MW Power Plant In Katsina / FG Signs $1.5b Lagos-Ibadan Rail Line Contract / Nigeria's Power Supply Has Dropped By 1,000MW (2) (3) (4)

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Re: FG Signs $1bn Mou On 1,000MW Plant by slimmingcare(f): 11:14pm On Nov 29, 2014
Is this not another way to ammasing wealth?
Re: FG Signs $1bn Mou On 1,000MW Plant by allanphash7(m): 11:21pm On Nov 29, 2014
9ja is a joke

Re: FG Signs $1bn Mou On 1,000MW Plant by TundeCole(m): 11:27pm On Nov 29, 2014
hungryboy:

an MoU is a memorandum of Understanding, the benefit here is, 1000mw will be added to our national grid,
which means that, if you were enjoying nepa light for an hour a day before, u will soon be enjoying it for an hour and thirty minutes when the project is completed .

This ur username sef! Anyways, send me ur act details make i dash u kulikuli change take hold ya stomach. grin
hungryboy:

an MoU is a memorandum of Understanding, the benefit here is, 1000mw will be added to our national grid,
which means that, if you were enjoying nepa light for an hour a day before, u will soon be enjoying it for an hour and thirty minutes when the project is completed .

This ur username sef! Anyways, send me ur act details make i dash u kulikuli change take hold ya stomach.
Re: FG Signs $1bn Mou On 1,000MW Plant by philips70(m): 11:37pm On Nov 29, 2014
SMH...

Re: FG Signs $1bn Mou On 1,000MW Plant by xkris11(m): 11:57pm On Nov 29, 2014
The FG keep signing MOU to generate Power since 1999 but nothing to show for it just paper talk.
i am wondering what is so special in generating power that Nigeria cant tackle if actually the Federal Govt is sincere as they pretend to be.
its just a way to loot in more money 1 billion just for 1000 megawatt is just not acceptable.
Re: FG Signs $1bn Mou On 1,000MW Plant by link2jude(m): 11:57pm On Nov 29, 2014
Obinoscopy:
http://www.punchng.com/business/business-economy/fg-signs-1bn-mou-on-1000mw-plant/

Na today....

1 Like

Re: FG Signs $1bn Mou On 1,000MW Plant by ransomed: 12:30am On Nov 30, 2014
Let him tell us another story, this and other lies will never stop us voting out the president that rules by forming committee. Enough is enough.
Re: FG Signs $1bn Mou On 1,000MW Plant by pazienza(m): 1:31am On Nov 30, 2014
If the plant is going to run on gas, why not site it near a natural gas rich state, why take it to dry Kastina only to start complaining of pipe line vandalism in the future?

why must everything in this country be politicized.

They would use gas from Niger republic They say, when there is gas in the Niger delta, this colonial anomaly is a joke.
Re: FG Signs $1bn Mou On 1,000MW Plant by ozo13(m): 5:36am On Nov 30, 2014
Lagusta:


i think what seun is trying to say is, isn't PHCN now fully privatized?? Why is the govt signing MoU's again

Why cant the govt just sell off the crap just like they did to nitel...
doki.how work nah.nice meeting u here bro.
Re: FG Signs $1bn Mou On 1,000MW Plant by edi287: 5:58am On Nov 30, 2014
$1bn dollars for just 1000MW??....ok ooo.
Re: FG Signs $1bn Mou On 1,000MW Plant by dapperman(m): 6:12am On Nov 30, 2014
Funny that the FG is just realizing that they need a power plant with such capacity in 2014. Why now? Why this late? Why just before elections? Have they forgotten that power generation is not just saying "we will improve power" but actually building power plants to generate power. Why is our govt slow to act on issues that concerns the masses but fast to act on isssues that concerns their welfare? Sad. *shakes head *
Re: FG Signs $1bn Mou On 1,000MW Plant by valuedammy(m): 6:48am On Nov 30, 2014
When the chinese government built a 12,000MW plant with almost $3.5bn ours are signing MOU to build 1000MW for $1bn, anyone that vote for Jonathan in 2015 will die like foul, I dnt want to know who assumes the post in 2015 all we want is to vote him out.

1 Like

Re: FG Signs $1bn Mou On 1,000MW Plant by valuedammy(m): 6:50am On Nov 30, 2014
link2jude:


Na today....
He don tey.
Re: FG Signs $1bn Mou On 1,000MW Plant by Ahmeduana(m): 7:22am On Nov 30, 2014
Lagusta:


i think what seun is trying to say is, isn't PHCN now fully privatized?? Why is the govt signing MoU's again

Why cant the govt just sell off the crap just like they did to nitel...
Re: FG Signs $1bn Mou On 1,000MW Plant by Ahmeduana(m): 7:29am On Nov 30, 2014
Lagusta:


i think what seun is trying to say is, isn't PHCN now fully privatized?? Why is the govt signing MoU's again

Why cant the govt just sell off the crap just like they did to nitel...
BECAUSE GENERATING POWER IS A CAPITAL INTENSIVE VENTURE, YOU NEED 100m$ TO GENERATE 1mw OF ELETRICITY WHILE IT TAKES 4 TO 5 YEARS WITH ALMOST "2 to 3 thousand work force plus thousands of working hours" TO BUILT A POWER TURBINE, WHICH NIGERIA AS COUNTRY DOES NOT HAVE SINGLE ABILITY OF THE ABOVE, that's where the private sectors comes in! AND FOR PRIVATE INVESTORS TO START ANYTHING THERE SHOULD BE COMPREHENSIVE LEGAL FRAME WORK, EXTENSIVE RESEARCHS, bilateral trades agreements of country of origin of the investors has to be consider! In short everything has to be scrutinies with a fine tooth comb before take off anything which all will fall under MOU OR BTA! Thats my layman understanding and is "DISPUTABLE".
Re: FG Signs $1bn Mou On 1,000MW Plant by Exjoker(m): 7:45am On Nov 30, 2014
Seun:
What's a MoU and what does it mean in the practical sense?
I never know Oga Seun is also affected with this Nairaland mentality too. Na joke o abeg...Lol
Re: FG Signs $1bn Mou On 1,000MW Plant by Perfectwazobia: 7:50am On Nov 30, 2014
WHY USING GAS FROM NIGER REPUBLIC TO FIRE THE TURBINE...WE HAVE MORE THAN ENOUGH AND WE ARE STILL FLARING GAS HERE IN THE NIGER DELTA

WILL NIGER REPUBLIC GIVE US THIS GAS SUPPLY FOR FREE? THE ANSWER IS NO.

WITH THE CURRENT ECONOMIC SUITATION OF NIGERIA ,THIS IS THE BEST FG CAN DO?

WHICH WAY NIGERIA?

LET US WAKE UP AND DO THE NEEDFUL.
Re: FG Signs $1bn Mou On 1,000MW Plant by GeneralShepherd(m): 8:17am On Nov 30, 2014
biodunid:
Exporting What We Don't Produce and Importing What we Flare Since 1960!

Following the bright idea of bringing in refined oil products from Niger we now move on to importing natural gas from Niger while we continue flaring gas in the Delta and leaving gas in the ground. Such progress under GEJnomics! Yet even this is touted as a policy success!

At least the North is weaning itself off moribund naija. It has its own army (cJTF), its regional economic and energy linkages and its emirs rule kingdoms that span beyond naija. I hope Tinubu and his boys are learning how it is done.

We need an LNG regassifier at Egbin and all along the SW coast to deliver the more than 20,000MW the SW needs for prosperity. We need to accelerate development of the LEKOIL field and Aje even as we need to accelerate exploration on and offshore the SW. Ondo fields need to be optimally exploited. Bitumen can't be allowed to waste any longer. Oodua moneybags should pour their billions into these areas.

The bluff of the ND should be called and we should be the ones to propose the amicable break up of what was the Blackman's best hope for redemption. We can restart from zero and ally with like minded people in Bendel, Benin Republic, Togo, Ghana etc if we think we need scale. All we have gotten for five decades from being part of this nation has been abuse and retardation. We should leave oil and governance to those who believe they own both.


All these projects when crude oil is now $78 perr barrel
Re: FG Signs $1bn Mou On 1,000MW Plant by GeneralShepherd(m): 8:19am On Nov 30, 2014
Lacomb:
The Minister of Power, Prof. Chinedu Nebo, who signed the contracts on behalf of the government, said the proposed power project was highly innovative as its promoter, Strancton, working with Katsina State, would use gas from Niger Republic to fire the plant.

What is wrong with this Govt? Gas is been flared in nigeria, then we go ahead to get same gas from Niger Republic,or are they giving us the gass for free?

Niger is closer to Katsina. Building a gas pipeline network from Niger delta to the north, makes no economic sense.
Re: FG Signs $1bn Mou On 1,000MW Plant by blemon44(m): 8:26am On Nov 30, 2014
[quote author=IbokUtoroh post=28457311][/quote]







we dey use power supply
Re: FG Signs $1bn Mou On 1,000MW Plant by Tex42(m): 8:52am On Nov 30, 2014
this (MoU) is one thing that really drives me crazy about the Nigerian govt,just this year alone they have signed morethan 30 of their madness with nothing to show for it.

itz like each time they sign one this madness,the power situation worsens.


naija sha!
Re: FG Signs $1bn Mou On 1,000MW Plant by tartar9(m): 9:42am On Nov 30, 2014
"the only the thing that remains constant is Nigeria's power supply"-Isaac newton's fourth law.we have heard this many times before,so with 10billion dollars we can generate at least 10,000MW yet inspite of the numerous billions it still doesnt pass 3000MW.
Re: FG Signs $1bn Mou On 1,000MW Plant by lastpage: 10:25am On Nov 30, 2014
Signing $One Billion-Billion [size=18pt]MOU[/size] since 2007!

Gerrout with your foolish MOU, we have had enough of MOU!

Lastpage!
Re: FG Signs $1bn Mou On 1,000MW Plant by Seun(m): 10:30am On Nov 30, 2014
Can I charge my laptop with the MOU?

3 Likes 3 Shares

Re: FG Signs $1bn Mou On 1,000MW Plant by lastpage: 10:35am On Nov 30, 2014
GeneralShepherd:


Niger is closer to Katsina. Building a gas pipeline network from Niger delta to the north, makes no economic sense.

And what do you think will or can happen, if and when Nigeria has a disagreement with Niger Republic?

You dont think it is foolish to put such a "strategic power" in the hand of unpredictable neighbours?

Let us learn from what happened to Russia, concerning the buying and building of its Mistral Warship from France.

That Ship was paid for, was built for Russia, Russian Seamen have trained on it and a delivery date has been set..... until Russia and France /E.U had a disagreement over Ukraine.

France simply REFUSED to DELIVER THE WARSHIP!

REASON: It is dangerous to sell such advance warship to Russia, which it might use against us in-case war breaks out over Ukraine! shocked shocked

When it comes to items that border on "National Security" (Power, Weapons, Water, e.t.c), even if it is not economical, you still dont hand it over to foreigners!

When asked why Britain is not building its Warship from France, who seems a specialist in such items, British PM replied: It is a matter of "National Security".
When furhter probed on why Britain is not selling Warships to Russia, like France, He replied: There are technology that we own and are proprietory to us! We wont share such technology.

I guess it is only in Nigeria that isuses like national Security starts and ends with chasing Political opponents! grin grin

I hail o!

Lastpage!

1 Like

Re: FG Signs $1bn Mou On 1,000MW Plant by Nobody: 10:45am On Nov 30, 2014
Seun:
Can I charge my laptop with the MOU?
This is the Seun that I know...grin
Re: FG Signs $1bn Mou On 1,000MW Plant by oseo1(m): 11:02am On Nov 30, 2014
lastpage:


And what do you think will or can happen, if and when Nigeria has a disagreement with Niger Republic?

You dont think it is foolish to put such a "strategic power" in the hand of unpredictable neighbours?

Let us learn from what happened to Russia, concerning the buying and building of its Mistral Warship from France.

That Ship was paid for, was built for Russia, Russian Seamen have trained on it and a delivery date has been set..... until Russia and France /E.U had a disagreement over Ukraine.

France simply REFUSED to DELIVER THE WARSHIP!


REASON: It is dangerous to sell such advance warship to Russia, which it might use against us in-case war breaks out over Ukraine! shocked shocked

When it comes to items that border on "National Security" (Power, Weapons, Water, e.t.c), even if it is not economical, you still dont hand it over to foreigners!

When asked why Britain is not building its Warship from France, who seems a specialist in such items, British PM replied: It is a matter of "National Security".
When furhter probed on why Britain is not selling Warships to Russia, like France, He replied: There are technology that we own and are proprietory to us! We wont share such technology.

I guess it is only in Nigeria that isuses like national Security starts and ends with chasing Political opponents! grin grin

I hail o!

Lastpage!

Actually it's done all over the world, Nigeria already supplies almost all our neighbors power, it had to do that as a result of the kainji dam. It will not be cost effective to supply gas from the Niger delta, it will cost too much to build the infrastructure and also cost to much to maintain.
Re: FG Signs $1bn Mou On 1,000MW Plant by GeneralShepherd(m): 11:12am On Nov 30, 2014
lastpage:


And what do you think will or can happen, if and when Nigeria has a disagreement with Niger Republic?

You dont think it is foolish to put such a "strategic power" in the hand of unpredictable neighbours?

Let us learn from what happened to Russia, concerning the buying and building of its Mistral Warship from France.

That Ship was paid for, was built for Russia, Russian Seamen have trained on it and a delivery date has been set..... until Russia and France /E.U had a disagreement over Ukraine.

France simply REFUSED to DELIVER THE WARSHIP!

REASON: It is dangerous to sell such advance warship to Russia, which it might use against us in-case war breaks out over Ukraine! shocked shocked

When it comes to items that border on "National Security" (Power, Weapons, Water, e.t.c), even if it is not economical, you still dont hand it over to foreigners!

When asked why Britain is not building its Warship from France, who seems a specialist in such items, British PM replied: It is a matter of "National Security".
When furhter probed on why Britain is not selling Warships to Russia, like France, He replied: There are technology that we own and are proprietory to us! We wont share such technology.

I guess it is only in Nigeria that isuses like national Security starts and ends with chasing Political opponents! grin grin

I hail o!

Lastpage!

With the rate of vandalism in nigeria and our poor maintenance skills, I as.an engineer will rather build any pipe as short as reasonably possible. In this case Niger is nearer and also economically cheaper.

The best alternative is not to build such infrastructure in the North. It's too dangerous up there, the risks are far too great.
Re: FG Signs $1bn Mou On 1,000MW Plant by mojeer678: 11:25am On Nov 30, 2014
Obinoscopy:
http://www.punchng.com/business/business-economy/fg-signs-1bn-mou-on-1000mw-plant/

Where is oyb when you need him?
Re: FG Signs $1bn Mou On 1,000MW Plant by Lagusta(m): 12:52pm On Nov 30, 2014
Ahmeduana:

BECAUSE GENERATING POWER IS A CAPITAL INTENSIVE VENTURE, YOU NEED 100m$ TO GENERATE 1mw OF ELETRICITY WHILE IT TAKES 4 TO 5 YEARS WITH ALMOST "2 to 3 thousand work force plus thousands of working hours" TO BUILT A POWER TURBINE, WHICH NIGERIA AS COUNTRY DOES NOT HAVE SINGLE ABILITY OF THE ABOVE, that's where the private sectors comes in! AND FOR PRIVATE INVESTORS TO START ANYTHING THERE SHOULD BE COMPREHENSIVE LEGAL FRAME WORK, EXTENSIVE RESEARCHS, bilateral trades agreements of country of origin of the investors has to be consider! In short everything has to be scrutinies with a fine tooth comb before take off anything which all will fall under MOU OR BTA! Thats my layman understanding and is "DISPUTABLE".

i get your point sir, but remember past governments have been signing MoU's since 1999, where are the results.....

I know there would be legal framework, research, capital and all that cow dung, but at least, let there be feedback to the media, every step of the way

apart from security, our pressing engagement as at now is POWER, so why cant we be kenly informed of any projects, any visits, with proof, pictures, anything!!!

But no, we just hear that an MoU is signed, and THAT'S IT!!! We no hear sounmd again, then they would sign another MoU again, and the "chopping" continues
Re: FG Signs $1bn Mou On 1,000MW Plant by Makins2rue: 4:28pm On Nov 30, 2014
Nigeria. We have gas in Niger Delta and we re building gas plant in far north.

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