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Nairaland Forum / Nairaland / General / Politics / FG Hands Over Zungeru Power Plant To Concessionaire (9864 Views)
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Re: FG Hands Over Zungeru Power Plant To Concessionaire by Originalsly: 5:58am On Feb 21 |
Bankowner: Why wonder? .... didn't you read Penstock paid 50% of the concessionaire fee? ... whatever that is? ... before being handed control of the $1.3 b project? Can't you see it wasn't about who was shortlisted ... it was about who first paid the concessionaire fee ... ehmmm .... or part of it. This country needs a military coup... and some greedy people to be ehmmm ... taken care of |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by badoh(m): 6:05am On Feb 21 |
DonFreshmoney:And Mainstream Energy solution is owned by ordinary Nigerian abi? 2 Likes |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by blackbriar: 6:05am On Feb 21 |
Bankowner: Maybe the did not meet the bid requirements. May Price bid too low. Until we read the Bid Report, we only but can assume. |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by blackbriar: 6:07am On Feb 21 |
Originalsly: That is the requirement for the concessinaire. It is a price based concessionaire. You raise 50percent of the fee on said date. That is the requirement. |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by BigIyanga: 6:14am On Feb 21 |
Babangidapikin:U dey mind them.. and they’ll sue |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by Aristo3146(m): 6:16am On Feb 21 |
Paraman:Penstock Limited is a subsidiary of Mainstream Energy Solutions |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by Aristo3146(m): 6:19am On Feb 21 |
Bankowner:Penstock Limited is a subsidiary of Mainstream Energy Solution Limited. The company (Penstock) was registered by Mainstream to manage the Zungeru hydro project. 1 Like |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by Jeezuzpick(m): 6:22am On Feb 21 |
Bankowner: Some political manoeuvre just took place! Anyhow, Mainstream, funny enough, has affiliations with APC, at least in Niger State. I've never heard of Penstock....I hope it's not an SPV. Okay. The answer by Aristo3146 makes more sense, but I'm sure some new players will have more stakes/control through Penstock. 1 Like |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by BigIyanga: 6:30am On Feb 21 |
badoh:For where .. it’s owned by Col Sani Bello rtd…one of the richest Nigerians ever.. but he’s very private. He was the biggest Naija investor in MTN. Pascal Edozie convinced him to write a big cheque. He was a former governor of Kano State. he was Aguiyi Ironsi’s ADC .Tinubu’s right hand man. He also owns Penstock Nig ltd 2 Likes |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by ada9ja(f): 6:37am On Feb 21 |
Bankowner: Penstock limited? Can't find it online...the one I see stated it's based in Abuja |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by U09ce: 6:46am On Feb 21 |
Our journalists should do better. A small digging should reveal that Penstock limited is a subsidiary of Mainstream Limited. https://www.reuters.com/business/energy/nigerian-company-begins-operating-13bln-chinese-funded-power-plant-2024-01-25/ 1 Like |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by Shantyken(m): 6:53am On Feb 21 |
DonFreshmoney:Penstock is subsidiary of mainstream energy ltd 1 Like |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by mrdharkchild(m): 6:59am On Feb 21 |
Paraman: Please, I'm even tired of this site. Ban me please |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by Paraman: 7:22am On Feb 21 |
mrdharkchild:This site do not need chidish and abusive things like you. No sane adult will attack someone on the social media. |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by anonymous1759(m): 7:30am On Feb 21 |
BigIyanga: You’re right Nigerian government subsidizes nothing yet , we’re complaining fuel prices is almost #700, university students are complaining that school fees is 100+ from 21k At some point Nigerian institutions pay 10k per session In the university and you complain nothing is subsidized while some private universities pay 300k -400k. At some point a bag of cement was sold #800 now is 7k-8k if you built your house in that era government made it possible for you . Nigeria have some terrible people, the worst are the educated ones with bitterness hidden underneath them , they spread falsehood. At this point Nigerians will believe They was subsidy before. |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by Chucks13: 7:41am On Feb 21 |
Bankowner: They were bypassed because the company heads are already known economy thieves. And one of them is a major actor that looted subsidy during Buhari evil administration... Are you OK now? At least one hydro power plant completed if more are build then we are getting there bit by bit. |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by sulaak(m): 7:43am On Feb 21 |
Paraman: Useless Punch article, this is why Nigeria media fails Mainstream owns Penstock Mainstream Energy Solution Ltd said its subsidiary Penstock Energy Ltd
|
Re: FG Hands Over Zungeru Power Plant To Concessionaire by SalamRushdie: 7:45am On Feb 21 |
Power is the new industry for corruption |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by garfield1: 7:53am On Feb 21 |
SalamRushdie: At least we would get more power distributed |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by Penguin2: 7:57am On Feb 21 |
Bankowner:Same question I’m asking. |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by theamazonguru(m): 8:02am On Feb 21 |
By the time Mainstream Energy Solutions Limited institute a legal action against the FG asking for $100B compensation for flouting the procurement procedure, una eye go clear. I really don't understand why Penstock will be given the contract when they neither bided nor won. This is a a clear and flagrant disregard to the rule of law and public procurement principle. This is the same way the nation has been embroidered in needless legal battles paying humongous amount in compensation. Oh my God who did this to us? Are we sure this is not deliberate. Someone has just laid an invisible financial trap for our nation. He hopes to cash out in coming months/years. This post will serve as a reminder. What a pity. |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by DonFreshmoney(m): 8:05am On Feb 21 |
badoh: Lool..allow the guy to jonze make politicians dey cash out.... |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by sulaak(m): 8:12am On Feb 21 |
Penguin2: Useless Punch article, this is why Nigeria media fails Mainstream owns Penstock Mainstream Energy Solution Ltd said its subsidiary Penstock Energy Ltd |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by sulaak(m): 8:16am On Feb 21 |
Chucks13: If you had used your brain and done basic research on Google instead of waffling on this stupid conspiracy theory, you would have noticed that. Mainstream Energy owns Penstock Ltd
|
Re: FG Hands Over Zungeru Power Plant To Concessionaire by Penguin2: 8:23am On Feb 21 |
sulaak:Thank you for the update. But punch is really useless. An innocent reader would have thought they brought in a new bidder and displaced Mainstream Energy entirely. That’s how they will set the country ablaze one day with half truths. 1 Like |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by Chucks13: 8:32am On Feb 21 |
sulaak: You see your problem you can't do without throwing insult and when someone reply you you will call your fellow online tyrants NL OP mistakenly hired by Seun Osewa. If you dare throw anymore insult on me this morning I will bash you badly so you and your fellow OP tyrants can do your worst... |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by sulaak(m): 9:10am On Feb 21 |
Penguin2: I always cross-check Nigeria Media articles with international media |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by sulaak(m): 9:11am On Feb 21 |
Chucks13: Make you no vex. Please enjoy your morning and your day. |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by soccerlite: 12:10pm On Feb 21 |
Dagah2: I know you believe in devil too |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by Joystarn00: 12:58pm On Feb 21 |
DonFreshmoney:and ur two eye will blind for talking wat u don't knw, olodo |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by sirblend: 1:11pm On Feb 21 |
Dagah2: You are just too emotional... I will remind you about your post in 2027 and beyond.... APC as a party has no plan for Nigeria.. |
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