₦airaland Forum

"Buhari enslaved the nation. He gloated and gloried in a Master-slave relation to the millions of its inhabitants. It is astonishing to find that the same former slaves, now free of their chains, should clamour to be ruled by one who not only turned their nation into a slave plantation, but forbade them any discussion of their condition" - Wole Soyinka.

skyope:
Venom?

"I will take a
monkey to replace GEJ any
day."
Such mindset never lets the bearer see any good in the present administration...

skyope:
You continue to ignore my points and question. 20,000MW can be built in 10-15 years. But not with the GEJs plan of 1000MW per 3-5 years. The power plants can be built simultaneously.

My main question again. If TUPC fails in delivering 2000MW in their power plant in 2018, what is the consequence? Without a consequence, failure is imminent..

By the way, I av not said Buhari is a messiah. But I will take a monkey to replace GEJ any day.

So much venom... Well, as I said, I'll look for details of the memoranda signed by the new Genco and Disco firms. I can't conclude if there's such clause or not now.

skyope:
You have ignored my questions in bold. So after 16 years PDP (3 years VP GEJ (5 years PGEJ)) we now want to start investment. Hehehe. You will justify anything GEJ. Stealing is not Corruption right?

When was the privatisation completed?... OBJ started the privatisation process, couldn't complete it and is now suddenly an emergency "progressive" supporting buhari.... You can go and vote your Messiah promising to invoke 20,000 MW in four years (knowing that it takes circa four years to build 1000MW, I laugh)..
That reminds me.. I heard Audu Ogbeh, a whole former national chairman of PDP has joined the pseudo-progressive bandwagon alongside other frustrated and quintessentially corrupt PDP elements... I rest my case...

skyope:
You fail to get my point. Yes it takes actually 3-5 years for a 1000MW. Thats why we need 5-7 units to be built concurrently. Not just 1. But the main point is, if in 2018 for this particular TUPC project of 1000MW, what happens if they fail to deliver as most have already? [/b]same way UPC failed in operation. [b]What motivates TUPC to deliver results? Dont forget power privatization started in 2006. 9 years later, today we are still talking about promises. Just to give you some perspective.

Privatisation was completed in 2013 , what happened before then was the unbundling of PHCN in readiness to full privatisation which GEJ has successfully done... So, the journey to Eldorado in the new power era is not even up to two years old... It's a process.

skyope:
http://leadership.ng/business/380427/transcorp-invests-n65bn-ughelli-power-plc

If that is what you are looking for, remember that similar promise was made in 2003 when ughelli power plc became operators. Its not about promises, its about consequences for failure. Besides, 1000MW increase in 3 years. Na snail? And thats our largest gas plant o. At that rate, we will never have supply over demand in 1000 years. For comparism, norway has 1443 power plants. Though most are small, but you get the idea if it takes 3 years to build 1000MW in our largest power project.

You see where the reality comes in?... I don't know if you feel that building and installing 1000MW is like building a personal house... Find out when Sweden started building it's power plants. Find out when Japan started its bullet train project. Find out when Eskom South Africa started building large scale power plants. Some of those projects are shy of a hundred years old.

I believe you can see that my 10-15 years prognostication was even overly optimistic.

skyope:
Here are facts you might be interested in:

From 2000 to 2008 Delta II and Delta III GE units were upgraded to 150MW station each: built by Hitachi of Japan. The control systems were upgraded to Mark V, a fully computerized control system for Delta II and III. While Delta I was scrapped.

Delta IV control system was also upgraded to Mark V by GE of USA which built the station.

Today, the generation capacity of Transcorp Ughelli Power stands at 900MW with the Delta II, III & IV running at full capacity. Most of the electricity produced by Ughelli is transported through a network of conductors, to the national grid.

No mention of any recent investments. This was privatized in 2003.

http://www.ughellipower.com/about

Have you read soyinkas comments about GEJ?

I know, that's the installed capacity... The Ughelli power plant was running below 50% capacity before Transcorp acquired it in 2013. Meaning that some of the facilities needed major TAM and overhauling.. (after 50,000 hours for a standard GT).... I'm not disposed to get news links of their expansion investments right now. Nevertheless, I also have insiders and access to the firm in question.

Of course, I've seen comments about GEJ from Soyinka.. Compare and contrast them and tell me who's the lesser "evil"...

skyope:
Of course privatization is always a good step. How it is done is the question. The telecoms example is just to make the point of consequence for failure of a contract holder. There is simply none in todays government contracts. e.g. Dangote 3G. During the initial telecoms GSM bidding, everybody knew the deadline date to deliver or start paying fines. In developed countries, if you dont meet the deadline you pay for the equivalent money to source for alternative power meanwhile. It is always huge, so investors make sure they deliver as agreed.

The question is simple. When is the deadline that Transcorp power, Ughelli must meet before contract breach kicks in?

"Buhari enslaved the nation. He gloated and gloried in a Master-slave relation to the millions of its inhabitants. It is astonishing to find that the same former slaves, now free of their chains, should clamour to be ruled by one who not only turned their nation into a slave plantation, but forbade them any discussion of their condition" - Wole Soyinka.

Ask wole soyinka what he thinks today about the bolded

There were various memoranda signed between the FG and the private investors which include training of local manpower and facility upgrade. All the same, it's good you've pointed that out, I'll do some further research on said memoranda.

Soyinka will never support an ex-despot to rule this nation under any pseudo-progressive guise.

skyope:
I do honestly believe that many of us seemingly sane individuals do suffer from traumatic bonding. I call you sane because at least you know something about cost of power, but equally you have a type of bonding that I can best describe as traumatic bonding (this is to avoid the more accurate word 'sentimental' or 'biased' which might suggests something else).

So I will pretend you honestly believe in what you wrote.....hence this response. This is the economics of corruption or the other way round. In economics, privatisation is good, the same way capitalism is good. But when you introduce corruption, it all FAILS. You see, sometimes when I hear GEJ talk i feel he means well, to an extent, but simply do not understand that his best efforts fail because of corruption. When you sell power to capitalist (GEJs friends) at corrupted prices and corrupted contract, they (capitalist) will not necessarily start to invest in power generation. This is because they can simply hold on to the contract and resell in 5-10 years time. Make cool money, and exit. This happens because the contract has been corrupted. The simple clause that mandates capitalist to invest within a time span and provide power has been clouded in smart contract lawyers and the 'easy to bribe government team' ignores the obvious or too incompetent to even know the difference.

This results in privatisation that has been on for years starting end of OBJ throughout GEJ with no single capital investment by the private partners. They are simply holding on. A good example is the GSM sale that required MTN and Econet to set up within a time span of forfeit license. I remember them running up and down to meet deadline. Nothing like that exist again in government contracts due to corruption. I remember 3G license sold to Dangote who had no intention to invest. Dangote simply held on and re-sold it to etisalat (thank God etisalat made use of it). Hope you get my point

Cool, so you agree a good step was taken by privatising the genco and discos.... But you're sceptical about the sincerity of the investors. I believe the amount bid by the buyers was made public. We have the FOI there to help get the figures and if said cash was remitted to the govt coffers.

I know of two new gencos that are investing heavily into the upgrade of power generation.. One is the Transcorp power, Ughelli. I've seen work going on and read in the news of the nearly 300 million dollars investment (which can only add but circa 150-200mw)... Now, if you add the money committed by this firm only so far, it will be getting to the neighbourhood of a billion dollars, take 1-2 hundred million. And they still got a long way to go in achieving their 2000MW target.

Power generation isn't like the telecom sector where one mast cast serve an area. A mast can be put up in a week or two... A plant takes years to build.

As for the traumatic bonding issue you posited there, here's a quote

"Buhari enslaved the nation. He gloated and gloried in a Master-slave relation to the millions of its inhabitants. It is astonishing to find that the same former slaves, now free of their chains, should clamour to be ruled by one who not only turned their nation into a slave plantation, but forbade them any discussion of their condition" - Wole Soyinka.

[quote author=patrickkkk post=30334410][/quote]The post is talking about "power sector reforms".. i.e,,the PPP and outright privatisation policy our govt has introduced.

hakddream:
You need to ask some of your southie friends on Nairaland what they have been experiencing under SA power giant Eskom to know that you are not alone. Even 'advanced' South Africa is facing power rationing crisis......I think Africans are just waking up to the situation at hand, the population is rising at a dramatic rate thus suffocating the dilapidated infrastructures in place. This is a revolution by NIgeria as the state can not monopolize a huge and capital intensive service sector......

You'll feel the effect of the reform with time, it is not a rapid affair just as the telecommunication reform that you are enjoying today wasn't a day success......

Pls tell them.... Even people that don't know what "megawatt" means.. Expecting one messianic demi-god to pronounce "Let there be Light"... Our power sector reform is not less than one or two-decade journey to power Eldorado... Quote me in the future.

deeptesting:
60 billion in 10-15yrs? And our 20bilion got missing in matter of days and cannot be found till this day? Keep deceiving yourself except you are Reno Omokri or Doyin Okupe.

10-15 years for the design, installation, FID's and MOU's with the various gas suppliers, etc... not to talk of revamping the transmission infrastructure..... This isn't like buying I pass my neighbour Gens... It's Mega.

(Did you just say the alleged billions of dollars got missing in "days"?.. You're clearly not following issues logically)

LRNZH:
I wonder how GEJites will explain this one.

Insecurity the say it is sabotage.
Oya who sabotaged GEJ on this Power?

Genco and Disco firms have been privatised... The private sector will source for the billions of dollars required for the addition of power capacity.. meanwhile the FG is still building other power plants and will still sell of same for private coys to operate..... There's no short cut... 40, 000 MW will require circa 60 billion dollars to instal and nothing less than 10-15 years even if the cash is readily on ground.. I'm in the industry, talking from experience.

"Buhari enslaved the nation. He gloated and gloried in a Master-slave relation to the millions of its inhabitants. It is astonishing to find that the same former slaves, now free of their chains, should clamour to be ruled by one who not only turned their nation into a slave plantation, but forbade them any discussion of their condition" - Wole Soyinka.

"Buhari enslaved the nation. He gloated and gloried in a Master-slave relation to the millions of its inhabitants. It is astonishing to find that the same former slaves, now free of their chains, should clamour to be ruled by one who not only turned their nation into a slave plantation, but forbade them any discussion of their condition" - Wole Soyinka.

"Buhari enslaved the nation. He gloated and gloried in a Master-slave relation to the millions of its inhabitants. It is astonishing to find that the same former slaves, now free of their chains, should clamour to be ruled by one who not only turned their nation into a slave plantation, but forbade them any discussion of their condition" - Wole Soyinka.

https://www.youtube.com/watch?v=HcRi7oLCrMk

https://www.youtube.com/watch?v=HcRi7oLCrMk

https://www.youtube.com/watch?v=HcRi7oLCrMk

adexsimply:
Then he must be a very good one

No doubt, that's why an intelligent explanation is needed....

adexsimply:
What if he knew nothing about the architectural design of the school?

Well, he's an Architect....

would have been worried if I saw a Pentagram there. what I see there are Jewish Hexagrams.

Still creepy though... I believe oyedepo has some interesting explanations to give.

Duh.. Tough luck... You'll still regret it though...

https://www.youtube.com/watch?v=HcRi7oLCrMk

https://www.youtube.com/watch?v=HcRi7oLCrMk

https://www.youtube.com/watch?v=HcRi7oLCrMk


GEJ Till Armageddon.....

https://www.youtube.com/watch?v=HcRi7oLCrMk

https://www.youtube.com/watch?v=HcRi7oLCrMk

https://www.youtube.com/watch?v=HcRi7oLCrMk

GEJ till 2019... No more, no less...
FRONT PAGE!!

They need umbrellas... Oya PDP, do the needful.

Cos he's more comfortable speaking Hausa, ordering death to dogs and baboons....