₦airaland Forum

Your country did not invest any 5 to 10 billion dollars
You have been broke and nothing speaks on electricity investment in your country.

This is one of the reason why Kenya power is bankrupt

with a dilapidated power infrastructure

so how come only 1 million Kenyan escaped poverty this decade ?

rvp2018:
We have invested 8-10B dollars in electricity in about 5 yers and had the world's fastest electrification. I am not sure how you can fight poverty without electricity. We are reducing poverty - every decade - about 10M kenyans are escaping poverty - annual 1M kenyans are getting out poverty.

But Ghana without dealing with macro-economics - you're wasting time.

rvp2018:
Why don't you google - when did kenya electricity blackout today

you know i can easily get your blackouts

rvp2018:
I know Kenya - and some of Ghana.
Kenya power sector - the regulator is ERC
Then power generators - big one is Kengen-70% owned by gov - and many independent power producers.
Then transmission - Kentraco
And the supplier - KPLC.
And we have GDC - Geothermal Dev Authority - they are putting down serious investment - and we are world leader in Geothermal Energy

Why are they all Bankrupt ?

Despite Kenyans complaining of high bills and lot of companies leaving Kenya because of high electricity bills?

rvp2018:
No problem but you committed to TAKE or Pay for the long while. So your own GAS is pretty useless unless you export it. This year - prepare for 1B dollar to pay Nigerians for excess capacity you won't get.

We Agreed to take as long as they can supply

Our Gas is not enough to power our Gas Thermal plants
Energy consumption is a sign of a booming manufacturing sector.

We will go-ahead to build another pipeline to Nigeria to increase gas supply into Ghana
As well as go ahead to build another gas processing plant.


Our energy market is bigger than the Kenyan economy

rvp2018:
No problem. We have Kengen. We have many IPPS. We have Ketraco (transmission). We have many private players. KPLC - is just a supplier. We are not RSA where Eskom is everything or Nigeria's former NEPA or well Ghana Volta thing.

3MW IPPs
those are not companies


Which of Kenya IPPs generate even up to 100MW ?

vaxx:
The Kenya Power is one of the useless company in Kenya. it is working with negative capital. has more liabilities than assets . .....it is a loss making venture despite enjoying monopoly...thanks to their ministry of finance which has the largest share .

This evening, we will be talking about bankruptcies in Kenya

mtisTheQubit:
ya still getting gas fro Nigeria..about your lights there is nothing to speak of..its a village dude

laughing

Of course we will still buy Gas from Nigeria We cant make our investment in Pipeline infrastructure go to waste.


The problem is, Kenya economy needs oil and gas that it doesn't have.

Energy security is very important as food security

gallivant:
To power what exactly? Ghana is only good as a oil and gas depot.

To power the entire Ghanaian economy for the next 100 years.

Kenya have no option but to spend hard earn foreign reserves that it doesn't have to buy energy

rvp2018:
The top exports of Ghana are Gold ($8.35B), Crude Petroleum ($2.97B), Cocoa Beans ($1.77B), Cocoa Paste ($538M) and Coconuts, Brazil Nuts, and Cashews ($325M),

Cashew nuts at 325M - means the next is meaningless.

Leave trading economics and get better data

mtisTheQubit:
2020 dude...what happened..
Keywords From ..To

Ghana has both a state in Nigeria gas supply capacity

We will go ahead to increase our Gas demand from Nigeria as well as increase our gas production capacity.

The Kenyan economy is flat hence power consumption has remained flat for decades now

that is ho poor your country has become

rvp2018:
I am talking about my house in Nairobi. I woke up around 6 and they went off. I went to Westlands and I was back around noon...and they were back. This is rarity and make news. Nigeria and Ghana - this is normal.

And as far news went - it was back everywhere apart from Lamu and Malindi - those are coastal cities up north.

Here you dont have to go that far when your light goes off because in less than 20 minutes, your light will be back on.

And that happens like once in every 6 months
that is how rare for lights to go off.

They are broke they cant afford to

vaxx:
That is 2016. dumb kid . go and owned Uganda for your present light off.

gallivant:
That's why they are still using generators to power economic activity in oil producing countries.

Will the generator run on water?

mtisTheQubit:
questions ?

WAPCO is a Ghanaian company
any problem ?

We will be building another pipeline to Nigeria soon because of our ever-expanding gas requirement

Power cuts are a daily occurrence in Kenya because of supply issues

rvp2018:
Power blackout in Kenya makes international news because it's rarity.It was back by 11am.That was 4 hours only.Back nearly immediately in critical areas

rvp2018:
If am exporting gold and I get free zone license the better.What do you manufacturer? maybe export to Nigeria who cannot while their arse

You can consult export data infos to learn what we export

Chemicals
Pipes
bolt, nuts, valves
Pharmaceuticals
Oils and fats
Electrical cables
PCBs
Vegetables
Food
Fruits
Metals
and etc

Even Anti-retroviral Drugs for your HIV patients are produced here

rvp2018:
Stop lying.Youre getting 1.4B dollars annual hit because effective demand for energy is not there..and I am not factoring covid.You signed very lopsided contract.With covid..we are talking maybe 2B excess capacity charge

I Guess you didn't know that we resolved that a long time ago

That is the power of our negotiation skills
Ghana is saving it one billion dollars for future generations.

Keep dreaming

Power demand increased by 20% because of COVID.

rvp2018:
I guess you're issuing mineral companies free zones license

We are issuing Manufacturing companies freezones license.

So basically, by law, FreeZones companies export 70% of their production whiles 30% supplies the Ghanaian economy.
Meaning the manufacturing capacity of Ghana is larger than the entire export capacity of the Kenyan economy.

rvp2018:
Excess electricity charge o.5b dollars.Excess gas this year 0.85B dollars.That is 1.4B dollars of money flushed down soon.Now that you understand demand..let move ahead and try to understand Effective Demand

Excess Electricity has no charge on the Ghanaian Government. Electricity demand increases by 34% yearly and by Next year, Ghana wont even have excess power and we will have to invest in more plants to create a reserve capacity.


Kenya does not have the money to invest in power infrastructure to lift Kenyans out of darkness
That is what you should worry about, how will you be able to create excess capacity so that you dont run into the current power challenges your country have at the moment?

rvp2018:
When you get mpr of 7% in year 2050 come and engage us

mpr has less of an impact on out fiscal space and clockwise the interest rate space because Ghanaians still get to produce at a highly competitive rate and go out there to outprice the competition hence why Ghana freeZones export alone has increased to 5 Billion dollars

rvp2018:
You first have to deal with excess power.It doesn't work that way.There is demand and supply side.First of all think about coming big payment demand from n-gas this year

Excess power is not a problem

Lack of power is the real problem

We will even go ahead to sign another gas contract with N-Gas because our gas demand for our economy will still be higher than local production unless we find another 2 Trillion gas reserve.

rvp2018:
And what has IMF been busy doing all these years bailing out Ghan.They could be helping Chad or Niger or CAR.Ghana will not go anywhere until it understand what prudent financial management or financial responsibility is.Nowhere.Get an handle of your macroeconomics first..reduce interest from freaking 25% to 15%

You wished everyone country will stay with Kenya in it underdevelopment status
But everyone is leaving you behind.

Get used to it and develop your country

Ghana fiscal space is way better than Kenya

you know not what you are talking about

we export oil
The 1.7 Trillion cubic feet gas reserves will be used to power Ghana

rvp2018:
You're exporting energy for others to power their economy with it

fiscal responsibility does not power an economy, energy does

gallivant:
Hard work, development and fiscal responsibility will now take a back seat. Yee for gas!

The oil is not as interesting as compare to the increasing Gas finds

It will drive the Ghanaian economy for centuries

vaxx:
Ghana should be producing close to five hundred thousand barrels next year . that will be a serious game changer...already, the output is now over 200 hundred thousand barrels now.


producing five hundred thousand barrels daily will turn Ghana to energy power house soon.

see how you are looking for attention this morning

I'm not dumb or insecure like you to share my own post

Shma:
desperation is making you to share your own post

Ghana instructs Eni and local producer to combine oil fields
It instructs the companies to begin within 30 days the process leading to the unitization, or joint operation, of the two fields in order to ensure efficient production and gives them 120 days to provide the ministry a draft agreement




ACCRA: Ghana has directed Eni SpA and Springfield E&P to begin talks to combine their adjacent oil and gas fields, according to a letter seen by Reuters.

The April 9 letter from Energy Minister John-Peter Amewu to the two companies says seismic data indicates that Eni's Sankofa offshore field, which entered production in 2017, and Springfield's recently discovered Afina field have "identical reservoir and fluid properties".

It instructs the companies to begin within 30 days the process leading to the unitization, or joint operation, of the two fields in order to ensure efficient production and gives them 120 days to provide the ministry a draft agreement.

Spokespeople for Eni and Springfield confirmed they received the letter but declined further comment.

Amewu's letter says Eni had previously argued it was premature to be talking about unitization since Springfield had not yet appraised and tested its discovery, but that the ministry rejected that argument.

Sankofa is part of Eni's Offshore Cape Three Points project off Ghana's Atlantic Coast, which it says has reserves of about 40 billion cubic meters of unassociated gas and 500 million barrels of oil.

Springfield, a wholly owned Ghanaian company, said in December that it had discovered 1.5 billion barrels of oil and 0.7 trillion cubic feet of gas at its Afina field.

Shma:
am glad you now know.
That's what I wanted to hear., You can now go to Nigeria and do benchmarking for the quality staffs that you can do in your country.
You can come for benchmarking 50 years later in kenya after you have copied at least one thing from Nigeria

#let's go Ghana

good you know you are broke

Acceptance is the first stage of finding solutions

THings that Ghana afford to build, Kenya cannot afford them

Because Kenya is broke, everywhere you turn

Shma:
stupid Ghanaian, those skyscrapers over there are ugly but it's so unfortunate that Ghana can't afford money to put even a single of it.
And mind you boy that Nigeria will still roast you on Twitter.
I know only few Yoruba are at hand to support this bootlik*in isht of you guys, but guess what??
Kenyans are TOOOOoo strong for a Nigeria to hire noise makers from Ghana
We are destroying three at the same time.
Oooh, vax will never support the hypocrites anyway and he only support Ghana and Ghana alone. maybe by his intelligence, he knows table turns.

For your case, desperation has clouded your brain in a way that you want to support even south Africa over kenya .. You even supported Tz over kenya some days back forgetting all what they did to your country . Your case is just special your special case comes after suffering and smiling

like what ?

Ramadhan, it going to change the fact that you are a liar
or stop me from exposing your bankrupt economy

TayserMahri:
Dude!!! You so lucky its Ramadhan.

TayserMahri:
watch your wayward ways cos stuff will backfire too badly for you

Your country is a heap of quicksand

Companies are fleeing like crazy

their noise is just too much

samorobo:
He is funny...I keep telling him talk is very cheap..if only wishes were horses
Nigeria is making more millionaires than Kenya and the idiot think Kenya can surpass Ogun state in HNWI..LOL Ghana having more HNWI doesn't cut me as a surprise one bit.. that how it shybe...you surpassed their laggard asses in PPP so yes it is expected