deomelo:




What you copied and pasted including the other ignorant claims spewed in this thread.

Was thew price of land part of that basic cost?

Was the price of buying, shipping, clearing and transporting tools, machinery and equipment to the work site part of that copy and paste cost.?

Was the price of importing, feeding and housing engineers and power experts needed to work on the project for part of that cost?

Was new 58 km transmission line included in your basic cost?

Don't you want to show us your copy and paste basic cost with all the above included?

Shouldn't common sense tell you that basic cost in the USA is obviously not going to be the same basic cost in Nigeria.

Elementary school children get sense pass many of you for real.

deomelo:




What you copied and pasted including the other ignorant claims spewed in this thread.

Was thew price of land part of that basic cost?

Was the price of buying, shipping, clearing and transporting tools, machinery and equipment to the work site part of that copy and paste cost.?

Was the price of importing, feeding and housing engineers and power experts needed to work on the project for part of that cost?

Was new 58 km transmission line included in your basic cost?

Don't you want to show us your copy and paste basic cost with all the above included?

Shouldn't common sense tell you that basic cost in the USA is obviously not going to be the same basic cost in Nigeria.

Elementary school children get sense pass many of you for real.

Obi1kenobi:


You keep regurgitating this utter twaddle, even after many have tried in futility to hammer it home that other African projects include these technical and logistical and manpower and land considerations as well as the fact nobody builds a new power plant without transmission lines. Seems this simple notion will never percolate through.

Obi1kenobi:


As always, there are always a mountain of excuses, hiding under the unoriginal fact that not all conditions are perfectly equal. I have just gone through 3 different articles about the Blue Line and none has alluded to the roads being included in the cost estimate. You're free to supply links as to the full costs of the constituent parts of the project for us ignorant folk to learn.
For someone who lobs words like "ignorance" a lot, you've not even attempted anything resembling a coherent rebuttal of anything you disagree with. Just casts slurs and when all fails, starts rambling about IPOB.

Obi1kenobi:


You keep regurgitating this utter twaddle, even after many have tried in futility to hammer it home that other African projects include these technical and logistical and manpower and land considerations as well as the fact nobody builds a new power plant without transmission lines. Seems this simple notion will never percolate through.

deomelo:



http://allafrica.com/stories/201710270064.html


When in doubt, give it to Fashola.



Kudos..

PrecisionFx:



I fink ur demented

deomelo:



Coming from the same can't read and comprehend ipob loser with meager vocabulary.

You must have looked in the mirror.

PrecisionFx:




Thanks.

But that doesn't mean ur not demented.

COMPAQ:
https://www.dailytrust.com.ng/kano-emir-s-firm-dangote-nnpc-to-build-1-1bn-power-plant.html

After all the argument, this article doesn't suggest that it's the FG to build it. It's really a brainchild of Mobil producing in conjunction with Nnpc as JV partners. Means the design and costing would have been done by Mobil. FG doesn't have much stake other than to drop its share of the cash.

Now that's not still to say that it's not inflated, but I know for a fact that the major oil companies tend to overdesign.

I have seen a project costed by an oil major for one and a half times the cost of a smaller player.

All said and done, a few reasons why it Could still be genuinely overpriced.

Logistics - our ports, roads etc are so inefficient that is is really expensive to move equipment around. I saw a few posts comparing with Tanzania, but don't be surprised that Tanzania has a better port and road infrastructure than we do. After all, isn't conotnou port better than Lagos.

Beureacracy - our government processes are so slow and incompetent that any company working in Nigeria would price in the additional risk from delays caused by red tape.

Corruption in govt - to get your licence and permits, you need to bribe much more than almost everywhere else in Africa, not to talk of the world.

High use of expats. - Sadly we don't have people who can Utl lilies the highest technical and technological skills.

Security- the extra cost of security in Nigeria, especially in the Niger delta is very high.

Community-another major issue. Communities sieze equipment until marching ground is paid etc. Another significant cost.


High interest rates

Potential for devaluation of the naira that could impact the project.

There are probably a few more and the truth is that all of these could be a major risk to the project and it will all be priced into the project.

deomelo:



Coming from the same can't read and comprehend ipob loser with meager vocabulary.

You must have looked in the mirror.

PrecisionFx:


How many times u wan reply this post, Are u tipsy sir?

COMPAQ:
https://www.dailytrust.com.ng/kano-emir-s-firm-dangote-nnpc-to-build-1-1bn-power-plant.html

After all the argument, this article doesn't suggest that it's the FG to build it. It's really a brainchild of Mobil producing in conjunction with Nnpc as JV partners. Means the design and costing would have been done by Mobil. [b][/b]FG doesn't have much stake other than to drop its share of the cash.
t.

deomelo:
[s][/s]



Coming from the same can't read and comprehend ipob loser with meager vocabulary.

You must have looked in the mirror.


Copy and paste is always better when replying ipob trolls, saves time and energy.

PrecisionFx:

.
That's a higher high!

aribisala0:
What do you mean by this.This is a rather confused and confuing statement.

You are making assumptions not stated in the report. Thrre is nothing there to indicate NNPC still has any interest or that when they did it ws by JV partnership we simply are not given that information. what are they "dropping share of cash" in exchange for? Is it equity? I don't believe so. In fact if the company are able to sell electricity above a target rice then govement will not contribute a penny

The only concrete financial obligation of the government referenced is a Put call agreement which in effect guarantees that if they produce electricity they can sell it for a minimum price to the public and if the public will not or cannot pay the government willpay the difference or shortfall

Obi1kenobi:


This is interesting considering the $1.1 billion bill for 540 MW. Gas-powered plants are one of the cheapest to build (considerably cheaper than coal plants) and the median costs for most gas plants in developing countries is about $1000 per KW. So you'd expect a bill of between $500m to $600m for this particular plant. But in this country where every infrastructural project seems to be absurdly inflated, it's no surprise it's costing double that. And it's apparently one of the cheapest.

You look at the cost of the Ikoyi link bridge or Kwankwaso's Kano flyover, or the projected costs for the 2nd Niger Bridge, or the projected costs for the interstate rail projects per km (or even Lagos' rail project and Amaechi and Duke's monorails) compared to similar projects in countries like Tanzania, Ethiopia etc and something is terribly wrong with the process in awarding these contracts. So many rotten scumbags feeding fat off the country.

deomelo:




Are you minding these ignorant Igbos...?


They are very lousy when it comes to reading and comprehension.

obailala:
I totally agree with you; $1.1billion for a 540mw gas plant absolutely doesn't add up.

cstr1000:
One nincompoop is rambling about IPOB in the face of blatant inflationism by a dastard incompetent government.
Does amala and ewedu sap the brain of the necessary neurones needed for cognitive reasoning?
I never regarded that watery staple as a delicacy meant for homo sapiens. But it could be more sinister than I thought.

baralatie:
you can build a 1100mw turbine for at most $650 million within three years and Mr Fashola is signing $1 billion for 540mw?
na wa o!

mikehelp:
HOW I WAS ROBBED OF THE OPPORTUNITY TO BRING FOREIGN INVESTORS TO INVEST IN THIS 550MW IN AKWA IBOM.

Long before this power project came into the know...I vigorously pursued this project in 2010, spent my last kobo one it, but a certain politician frustrated my efforts...we only needed a letter from the state government in akwa ibom which is a sovereign guarantee for our investment,the politician who was the number 2 man in government then, refused to bring me to the governor...smh, now the project has gone to a hausa,man....God will help our youth and save us from this elders who don't want to ever see the youth grow....yesterday they told us we were the leader of tomorrow,now they are preventing us from being that leader...smh.....I have all the document as evidence should anyone doubt

naijaguy77:


Fashola is not doing anything please. The Power Sector Roadmap was developed by the Obasanjo administration and finally implemented by the Jonathan administration.

Everything you are seeing happening now is simply what is expected. Fashola has not added a single word or punctuation to the Regulatory Framework for the Power sector in Nigeria.

deomelo:



I see where you are coming from, but the issue is private entities invest their own money and determining how much to pay for the project they are investing in based on their own cost analysis from top to bottom, for me or or any other bystander to say they are spending little or too much is just plain ignorance because I don't know anything, I don't even have access to whatever studies they did, their financial data or cost analysis needed to formulate any opinion on.


This being a private project and funded by private entities, it means apart from regulatory issues, they are not any of your concern and they owe you zero explanation per how and what they spend their money on because they only answer to their shareholders, not you or even me.