Musiwa17: can someone please explain to me, how does this improve electricity. It does not improve electricity because they will still be generating the same number of Megawatt. The electricity will still remain the same. there will be no improvement.

taharqa: GREAT..... With solid Private hands in charge of these Power plants, we wud no longa be worried about the recurring problem of breakdown of units of d plants as was usuali the case unda PHCN. Issues of Gas supplies shld also be largely a tin of d past as these Private hands wud enter into binding Gas Purchase Agreements with Gas suppliers, thereby largely ensuring constant Gas supplies. In fact d new Private Owners wud want to optimise their profits by running at full capacity, which means more stable power for Nigerians..... Good moves in d Power sector lately

Omo_Tier1:
You are happy to see foreigners buy state owned projects for peanuts? Whilst I am not totally against foreigners investing in this sector, I think it is really bad business for Nigerians. Have we not learnt a lesson from the cheap sale of Ajaokuta steel plant?

Omo_Tier1:
You are happy to see foreigners buy state owned projects for peanuts? Whilst I am not totally against foreigners investing in this sector, I think it is really bad business for Nigerians. Have we not learnt a lesson from the cheap sale of Ajaokuta steel plant?

taharqa: My frnd, SHUT yr mouth. I mean, i dont like you, yes; but still am increasingly becoming ASHAME of the DESPERATION that pushes you to criticize just about ANYTHING, regardless of hw sillly it mks you look. GOSH!!..... Imagine you now talking against Foreign investors when you were one of d persons shouting yrself out, criticizing what you thought was the buying of those DISCOs and GENCOs units by 'local, unprofessional investors', and wondering why known International investors were nt involvd. Now, you hv suddenly become the advocate for local investors?... And how wud any person read d @OP's article and say d plants were given away 'as peanuts'?? Plants that d new part owners are supposd to pay back to d Govt they money Govt paid them to build the plants in d 1st place....*smh*

ROSSIKE:


Ajaokuta Steel ‘ready for operation’
January 14, 2013

http://thenationonlineng.net/new/news/ajaokuta-steel-ready-for-operation/

The Sole Administrator of Ajaokuta Steel Company, Mr. Joseph Isah, an engineer, has said the company is in a good shape and ready for operation if funds are available.

Isah, who spoke at the weekend during an interview with reporters in Ajaokuta, said this followed the recent technical audit of the steel plant by the Ukrainians, the newly-appointed managers of the company.

He noted that over 74 per cent of steel production globally was done through the blast furnace.
Isah said the blast furnace mode of steel production adopted by the company is the best source of steel making in the world, putting to rest the obsolete nature of the technology.

Quoting from the Ukrainian technical audit report, he said: “The condition of the steel plant’s equipment and facilities is satisfactory. Mechanically, the equipment and facilities are in good condition.”

Mr. Isah stressed that with the volume and quality of steel to be produced in the plant, the only way is the blast furnace.
He urged Nigerians to disregard the insinuation that the plant cannot function.

The sole administrator said the plant was intact and debunked a claim by the people he described as ignorant of steel technology who alleged that it had been vandalised.

According to him, the workers are passionate about the plant and have worked hard to secure the equipment.
“I referred to the above because we need to educate Nigerians that the blast furnace technology of steel making adopted in Ajaokuta is still the best method through which large volumes of steel are produced in the world today,” Isah said.

He added that President Goodluck Jonathan was committed to the completion and operation of the plant, hence his directive for the speedy settlement of the arbitration against the company by the Global Infrastructural Holdings Limited (GIHL), an Indian firm.
He said when Ajaokuta Steel Company is fully operational, it wanted generate over 15,000 direct employment in addition to thousands to be employed informally.
Isah listed other benefits of the steel plant to the nation as enhancing technological growth, acquisition of technical expertise, provision of input for infrastructural development and adding value to the natural resources.

He said as part of plans to re-launch the plant’s lime light, management has concluded arrangement to engage the workforce in productive activities, preserve the equipment and generate revenue to reduce dependency on the government.

He said the management has also initiated joint venture agreements to put the completed mills into commercial operations.

Omo_Tier1:
Go back and read that post again, I made it very clear I am not against foreigners investing, but state owned projects should not be sold cheaply! Please, I know you are intellectually deficient but before you comment do your research properly.

It is only in Nigeria state projects are sold for peanuts! Have you asked yourself what the true worth of that power plant is? If it is this cheap why are we supposedly spending billions of dollars building new ones?

Again, I am not against the sales of state owned project to foreigners, selling them for peanuts is an injustice to Nigerians. I know your type the live of PDP bag of rice may not understand..

taharqa: LOL... Where did they sell it as 'Peanuts'?? You just simply PATHETIC. When one sells a product for the prize that it was constructd, how da helll can dat product be said to be sold as 'Peanuts'?? That info was provided in d article you bliv you are criticizing. LAWD!!....I expect you wud do yr best to avoid dis questn, but at least I was hoping to Shame you into answering d questn....

Omo_Tier1:
Try to always use your head and not always think sentimental.... . Soon the same people who feed you with bag of rice and N10000 to steal your votes will end up selling everything to their cronies home and broad for peanuts! Ask yourself, can such a plant be sold at price? If yes, why then have we not built several of those with the billions PDP and GEJ FG have spent or looted on power projects?

taharqa: LOL... Where did they sell it as 'Peanuts'?? You just simply PATHETIC. When one sells a product for the prize that it was constructd, how da helll can dat product be said to be sold as 'Peanuts'?? That info was provided in d article you bliv you are criticizing. LAWD!!....I expect you wud do yr best to avoid dis questn, but at least I was hoping to Shame you into answering d questn....