DeeJay20:

THIS IS A NO NO! AND NIGERIAN SHOULD FORGET ABOUT NUCLEAR POWER
FOR ELECTRICITY GENERATION, WE HAVE OTHER OPTIONS,

Any thinking investor knows that Nigeria power sector for now is a gold mine, no matter the amount involved and provided the political environment is predictable, the cost can be recouped in a very shortwhile though at the expense of Nigerians who will have to pay high bills . ( MTN gives a a clue ). It is instructive for the Government to consider all angles carefully and make sure such investment does not mortgage the collective interest of Nigerians.

debosky:

Sell the whole lot to the Brazillians I say. . . as long as they are competent to run the facilities (i.e. have a track record) and have penalties imposed for poor performance.

I don't think this is a credible bid though, PROINFRA stands for Fund for Promotion of Sustainable Infrastructure Projects, and doesn't sound like a body capable of running power infrastructure.

AjanleKoko:

there's going to be a balance in both the upstream and the downstream segments of the sector, similar to India's telecom 'circles'. Essentially, the market is going to be segmented, and there will 'supposedly' be a mix of participation. Let's see how it goes.

debosky:

@ AJ

My thoughts precisely. Although CNOOC wouldn't be interested in running the JVs, more like directing production for their own usage so that's a slightly different situation.

PROINFRA's bid can only work if they are coming in to provide financing for a proven power infrastructure entity that is interested in running the assets but lacks the requisite financial capability to make the purchase.

ekt_bear:

What do you mean by this? In layman's terms. The three different segments (generation, transmission, distribution) will be decoupled. But the only "mix of participation" will be in the generation component, not the other two. Transmission and distribution will remain monopolies. Transmission a gov't monopoly (but managed by some 3rd party), distribution local monopolies.

AjanleKoko:

They'll probably show up with some Brazilian company that will manage the assets. Like Mubadala buying telecoms license, and showing up later with their national carrier.

$100 billion is a lot of money. If it were deployed to infrastructure, it could transform the nation in 5 years

@Rossik

Do you think your guys in PDP will allow the fund to be spent on infrastructure, even if the Brazillian guys spend this amount on power will the government be strong enough to regulate them properly?

my bro @ hercules07 , Hmmmmm your making sense ooooo, as soon as senate sees this, all they think of is, me me me me me /I I I I I I  iii  I will go to Brazil to negotiate the deal, estacode estacode, gimme something b4 we approve it, whats my cut, chop chop 

anoda angle is if .say or make u , imagine u dont pay your bill on time and the Boys/Clan 4rm the Brazillian favelas land 4 Nija, with their Guns, na wahala be dat oooooo LOL

J12:

. . . and what if Jonathan loses this election and the new president (e.g Buhari) does not believe in privatization? What happens to the . . .

. . and what if Jonathan loses this election and the new president (e.g Buhari) does not believe in privatization? What happens to the . . .

That would suck.

Rossikk:

ekt bear said:

That's ridiculous. Those 23 power plants are goldmines for any company in possession of them. The govt know that. The firm knows that. They are literally handed a monopoly on power generation, with a $100 billion investment which, if recouped at a profit rate of just $5 billion per annum, reaches maturity in 20 years, with the rest, pure profit from thereon! No govt, knowing that, will agree to sell all the plants for $10 billion. Your analysis fails to include projected earnings to the firm issuing from ownership in the long term.

Transmission and distribution losses in the USA were estimated at 6.6% in 1997[9] and 6.5% in 2007.[9] In general, losses are estimated from the discrepancy between energy produced (as reported by power plants) and energy sold to end customers; the difference between what is produced and what is consumed constitute transmission and distribution losses.

Its analogous to telcos in Nigeria preferring to build their own back-haul or transmission system rather than sharing / leasing from Nitel. We don't need a grid system . It is inefficient, expensive and wasteful. The best way to do it is to use a ring system of localized power generation, transmission and distribution.