₦airaland Forum

After series of negotiation and payment of $407.3 million,[5] The Federal Government of Nigeria handed over Egbin Thermal Power Plant to the core investor, a joint venture between Sahara Power Group and KEPCO, on the 1st of November, 2013.[6] The first attempt to privatising Egbin Power plant was in May 2007 when KEPCO Energy Resources offered to pay $280 million to acquire 51 per cent shares of the company. As a confirmation of their interest KEPCO paid $28 million, being the initial payment of 10 per cent of the bid price.

As a result of unresolved issues, such as power purchase and gas supply agreement, the process was halted.

In 2013, as a continuity of the 2007 agreement between the FGN and KEPCO, the South Korean power company, was granted approval to acquire additional 19 per cent of the plant at a new evaluation cost. National Council on Privatisation (NCP) approved the transaction while the Bureau of Public Enterprises (BPE) handled the sale process. BPE set a deadline for the payment of $407.3 million (about N63.95 billion), which was the new price at which 70% of the plant was valued.[7]


Rehabilitation of Unit[edit]
The rehabilitation of Unit Six (ST-06) in Egbin, Which suffered a boiler tube explosion in 2006, began in November, 2014 and was completed in January, 2015.[8] This rehabilitation restored the plant back to its full capacity of 1320MW and was carried out by Hitachi.

Korea Electrical Power Nigeria Limited currently serves as a technical partner to Sahara Power Group, with goal of overhauling all the units in the plant, while achieving 85 per cent power availability and 34 per cent efficiency.[9]
http://en.wikipedia.org/wiki/Egbin_Thermal_Power_Station

Chei !!! Naija una get eye, i like this democracy......check out the 2 links. The interview was in Abuja not London .

Abuja Transcorp..checkout the furnture
http://www3.hilton.com/en/hotels/nigeria/transcorp-hilton-abuja-ABUHITW/index.html

Heathrow sheraton
http://www.sheratonheathrowhotel.com/en/gallery

i u compare u will see that the furniture in the Hilton hotels are different............

Fayoshe anyday....

APC...."All na Propanganda congress"...liars since 2000BC

Nope.... did they show Metuh progamming the card readers

chamboy:
Did u see His interview on channels yesterday

u and ur fake stories....God go help u

chamboy:
same card reader Olisa Metuh programmed

dont worry the new INEC card reader will bring out the truth,

So the use of "Ecomog" and underage voters will be a thing of the past

Hmnn lies for some gullible Nigerians....soon it will become Beer parlour Gospel "Truth"

Axelrods egunje don reach them

wetin come be news ....GEJ visited the Niger Delta miltant in the creek, chibok is home to GMB likewise the Niger delta creek is home to GEJ...

i listened to the tape. real waste of time...summary....in the tape is an angry Fayoshe, complaining that the security arrangement was skewed in the favour of the opposing party, issue bordering on arresting his supporters and issue of "ecomog" from oshun state by the opposing party....The Brig general trying to ward off the accusation and saying he is doing his best,...Caleb and Koro saying they are in Ekiti for successful conduct of the election.....i missed the rigging part, is there a part two?......Lies

Bitojoe:
am not surprise about the issue of this tape.because,i know its a BIG lie from apc.i could remember in 2009 when apc men are saying that fayemi (former governor) his biro is camera what is happening in ekiti.they also said that they had recorded the video of those who rig the election.that's why i gate this so called apc. They can lie.

abio if the tape is real, that is "Good news" for APC....they can use it in court instead of Nairaland....Mtschew!!!!!

Ok oo.make u do the elction first

A beg it will be #Aprilfoolbuhari#...

I posted a link about the scandal...u can read it ir u need more info...

jpphilips:
Can you tell us more about this polymer notes scandal?

The lying game don begin...

Immunity ke?? against arrest..There is only immunity against prosecution, there is no immunity against arrrest ....

I like this Guy

Soludo is just trying to preempt his extradition to Australia....They polymer note scandal is still on the ground, only Lamido Sanusi style can save him just play the "victim" or "whistle blower" and some gullible Nigerian will fall for it
http://nationalmirroronline.net/new/efcc-arrests-soludo-over-currency-contract-scam/

Breakdown wont be bad...how much on salaries, equipments, maintenance,....

Fashola u be lawyer, "Oshinbande" too ...why una no go court?....

New fake account.....

chei this na uncle Jimi solanke tales by moonlight......

and some people will believe this.....APC playing on Gullibility of some Nigerians since 2000BC

so in Naija Journalist are partisan are they not supposed to be neutral ....

anwo247:
GEJ is the true President of Nigeria ...... No more Februhari. It shd now be marchuari or Mortuary...

doesnt look like a struggle to me

u no say Buhari fit march to kirikiri for perjury

arewafederation:
Abi you prefer March to Kirikiri?

Anyhow e be, May 29th, Buhari shall be President of Nigeria.

So naa chadian and camerounian soldier are in vogue now ...una don dump the adamawa hunters.....chei naija and Propaganda