₦airaland Forum

locutas:
Very informed post. Unfortunately, sentiment will likely prevail over reason as it usually does in our clime. Most people commenting on this topic have no idea how long it took Azura to conclude its development phase of its GFPP. The politicisation of the tariff increase by the Senate sends a very bad signal to investors.

Azura is the first project-financed IPP to close financially in Nigeria. The project took far too many years to conclude due to the difficulty of developing bankable financed projects in Nigeria. Truth is there are very few of such projects being developed that will close out financially in the next 3 years with the current climate. Uncertainty in the Tariff regime will kill investor confidence.

It costs approximately $1.8mn/MW to develop a gas power plant and $2.73mn/MW to develop a coal power plant. When you consider that the developer will fund the construction of the gas pipeline and transmission lines (to closest substations), the above cost increases considerably.

Simply put, it costs MONEY to develop power projects. Without a bankable tariff, there will NEVER be any real growth in the power sector.

There's a lot truth people just don't want to hear and this is just a taste of it.

Mekwen:
This sounds like a PHCN staff talking.

anonimi:
Someone needs to have his brain checked. Do you think it could be you?
Just asking oh.









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saasala:
Oh, common... Not again. I am beginning to lose the reepect I accord this prophet and his followers, someone like OP especially. So because he said you should pray about Wednesday, it means he predicted the helli crash abi. You deserve to be hanged under an oak tree. There are over 1 billion things happenening in the world today, it could be any of those.