Tony Elumelu To Partner With Delta In Electricity Generation And Distribution - Business - Nairaland
Nairaland Forum › Nairaland General › Business › Tony Elumelu To Partner With Delta In Electricity Generation And Distribution (3359 Views)
| Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by AnonPoet(op): 6:41am On Aug 05 |
We’d like to partner with Delta State to make electricity generation and distribution to the last home in the State affordable and possible Chairman of Heirs Holdings, Tony Elumeleu, tells Governor Sheriff Oborevwori at the Delta State Economic & Investment Summit
4 Likes |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by dettolgel: 7:09am On Aug 05 |
Data boys will soon invade this page to try and force their propaganda down their own throats! 1 Like |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by harryboyng(m): 7:09am On Aug 05 |
That's a better step every state should emulate...the load sef go reduce for govt head...everyman for him state... 5 Likes |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by mactoni91(m): 7:10am On Aug 05 |
Tony Elumelu has been eyeing the DISCOs and GENCOs. This isn't new. He wants to taste what Tonye Cole and other Power industry players are tasting. No wonder he has been dancing around Tinubu lately 7 Likes |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by oluwaseunamos33(m): 7:10am On Aug 05 |
That's nice of him. I'll like to partner with him. Money is pushing me |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by Shurtman79(m): 7:12am On Aug 05 |
That's good to hear wishing them good ending  1 Like 1 Share |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by bamvik(m): 7:31am On Aug 05 |
Which one be affordable? Electricity is expensive anywhere in the world 1 Like |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by happney65: 7:34am On Aug 05 |
mactoni91:Nothing bad in that actually. As long as it will give the good people of Delta state electricity. No problem at all He makes money The people have power Win/Win 2 Likes |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by Dreal1247: 7:34am On Aug 05 |
Anything that will cause the untapped potentials of Delta State to be discovered and be judiously functional is a highly welcomed development by all. God has finally remembered Delta State. 1 Like |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by J2ff: 7:36am On Aug 05 |
Time to invest in transcorp power stock on the ngx |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by Doobie: 7:37am On Aug 05 |
Nice one 👍. Power Generation, transmission and distribution should be fully Privatized just like the Telecommunication sector. 3 Likes |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by DystopianMuse(f): 8:04am On Aug 05 |
PARTNERSHIP? OR YOU HAVE SPOTTED OPPORTUNITIES THERE 😂 |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by Reference(m): 8:11am On Aug 05 |
Mr. Tony, you said and I agree 'possible', but I don't agree, 'affordable'...because I know you are taking about gas to electricity which we know is very expensive. Anyone who buys lpg domestically knows just how expensive and price sensitive it is. Delta state is not a state with an affluent population so I don't know how your investment will operate successfully. Even industries that you can exploit and leverage to bring the cost down to the domestic consumer are better off taking the gas from the NGC:s themselves and using it to generate their own electricity. There is just no way that power can be industrialized and made widely available with out a comprehensive masterplan championed by the Federal government. You will need power from multiple sources and multiple locations to guarantee availability and price stability or else of you depend on gas, one cough by the White House, one sneeze by those mullahs in the Mid East and electricity bills will fluctuate from week to week and month to month making a complete mess of the industry as proposed. Power on the vast majority of countries remain a national project and willi only change if and when we have sufficient diversified the most important aspect, energy source. The OBJ program (NDPHC) of gas only power plants scattered all over the country was a huge strategic, all eggs in one basket mistake. China does it best. No.1 in new hydro, No.1 in coal for a long time, now No.1 in renewables. That is how to do it. 4 Likes |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by Mrexcell(m): 8:19am On Aug 05 |
Nice one from elumelu delta state actually have no reason to be in darkness with their huge gas deposits and wealthy men they have in the state that can invest in power generation if abia can do it there's absolutely no reason why delta can't do even better. 1 Like |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by Ezzymadu(m): 8:21am On Aug 05 |
Nice one Light up my CITY abeg 1 Like |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by Reference(m): 8:26am On Aug 05 |
Doobie:Privatised I agree, but the Federal government is still crucial in quarterbacking whatever efforts are made to guarantee success. You heard Mr. President speaking to governors on capital projects and the limitations of letting people do whatever they want with their resources. It can be very ineffective and inefficient. Speaking of the telecoms it was not as smooth as portrayed. There were teething problems of coverage, tariffs and operations. The telecoms only went to certain places by stick and carrot, the telecoms were resisted severally as concerning what they wanted to charge at the onset and many other interventions concerning ownership and market share, licensing and so on. Power is even more complex because the infrastructure is a lot more expensive and extensive. Electricity is more of a product while telecoms is more of a service in the sense of the industrial process of delivery. Electricity has 'raw materials' hydro, coal, gas, oil, renewables that can vary widely in cost and affordability up to the point of product delivery, telecoms is not like that. So the government cannot fire and forget like the telecoms revolution. It has to quarterback the process by strategic oversight for a long, long time to ensure it succeeds. 1 Like |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by Mrexcell(m): 8:28am On Aug 05 |
Reference:I think it will still be affordable to businesses that can't afford solar and still runs on diesel and fuel generators go ask an average business owner in delta state how much they spend daily to operate with gen sets. |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by Mubiola360: 8:42am On Aug 05 |
AnonPoet:Tony is not really about electricity stability, it is all about the profit maximization. Is he not part of the current Gencos Jonathan privatised our electricity to? They are just collecting money with nothing to show. He is now panicking now that Asiwaju want to remove electricity subsidy, so no more free money, it would be whatever you offer, you will get paid for. 1 Like |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by Reference(m): 8:50am On Aug 05 |
Mrexcell:But the Abia (Aba) Genco still has the issue that it is not running commercially successfully (at a profit) at the moment. The general consensus is that without government subsidy no gas/fuel generating plant in Nigeria is sustainable (I don't have the facts but I can generally assume the hydro plants) run at the lowest cost at the moment. So more gas plants anywhere in Nigeria means more Federal government subsidies. This is where the payer of the piper, the Federal government has to decide to direct investors to other energy sources. What I suspect will happen is that the Federal Government will hand over subsidy payments to states and in the long term states will capitulate and offload everything on the public. So a gas plant in any location is great but it will come at a considerable cost to the public one way or the other. Remember we have had worked examples in Rivers and to some extent Bayelsa state. They were not commercial success stories. |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by nwirinedu(m): 8:54am On Aug 05 |
A DISCO that cannot provide transformers , install high tension cables , build sub injections stations has no business providing electricity. People pay for value, you dont expect a community to buy their own transformers buy cables to connect themselves to the grid then you come out fom no where as a DISCO and start distributing bills, which arent based on consumption but criminal estimates and demand that they pay up. Even houses under construction are given bills for power that was never supplied. My community currently has been without power for 12 months! These criminals only supply electicty to developed city centres, they ignore areas that have faulty transformers or are outside city centres, this model is not sustainable as people are forced to seek for alternatives. Run a business that creates real value learn from telecoms, dont use government backing to force people to pay for services you cant render. It is called rackeetring and its a fraud!!! 2 Likes |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by Reference(m): 9:09am On Aug 05 |
Mrexcell:I am talking about industries not businesses. There is a crucial difference. Industries that invariably compete internationally. If I am making stuff I will always be in competition with someone who is buying, importing stuff. My energy costs are critical in competing and ultimately surviving. For businesses they are just like individuals, they find ways to absorb, adapt and survive. If necessary they raise prices. They have no external competition. If I am making iron rods or plastic parts for Innoson motors for instance, my energy costs matter more than if I am a welder, restauranteur or barbers shop. My competition will entirely be local and all of my competitors are subject t to the same business atmosphere. I have said it here before. Electricity costs more in Nigeria than in the largest producer of stuff in the world, China. It is very hard to compete like that. |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by WhizdomXX(m): 9:13am On Aug 05 |
Asaba, Ughelli, Agbor, Sapele, Effurun, Udu and Warri should be the first targets. |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by Otamendi99(m): 9:44am On Aug 05 |
mactoni91:He already have like 3 Gencos or even 4. Maybe moving to Discos this time. |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by TheGoodJoe(m): 10:13am On Aug 05 |
bamvik:Research electricity subsidy in places like Germany before making such a statement. |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by Iyobaba(m): 10:41am On Aug 05 |
You're right some states have absolutely no right to be in darkness. Imagine a state like Enugu with all it coal deposit. That State should be supplying power to neighboring states. Mrexcell: |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by greatiyk4u(m): 11:51am On Aug 05 |
bamvik:Affordable things can have high prices, it becomes expensive when beyond reach and value not equivalent |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by Reference(m): 12:07pm On Aug 05 |
Iyobaba:Lack of vision, initiative and political will. I have said it before. You don't need a new coal plant, you don't need the latest and expensive clean coal technology. We import used vehicles at lower costs, what is wrong with importing used coal plants at manageable costs. There are several in America, Europe and Asia/China that are being replaced by newer technologjes and green technology and will gladly sell at a discount. You have the coal, one of the best in the world as I heard, you install a cheap plant. Surely you will be able to undercut gas electric producers and with a sizable land allocated for an industrial park you will begin to attract real business and real industries that are struggling with high electricity bills. Enugu has the added advantage of having a railroad footprint, history that can be revitalized with Federal help. Makes sense doesn't it. |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by Emeka71(m): 12:28pm On Aug 05 |
dettolgel:The power supply of PHCN to Delta is very poor. |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by Gboss247(m): 5:13pm On Aug 05 |
Mubiola360:The major problem of Nigeria is that the citizens always shift blames from the government when is the government is the problem. If it cost ₦1,000 to bake a loaf of bread and the government says, citizens should buy it ₦400, while they cover for the ₦600. How is the ₦600 free money when they are even owing. The federal government is owing ₦6.6 trillion electricity subsidy to generating companies and a citizen living without electricity due to government incompetent is attacking a fellow citizen been owed. |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by blowjohn(m): 5:24pm On Aug 05 |
Our billionaires. Nuf said. No innovations |
| Re: Tony Elumelu To Partner With Delta In Electricity Generation And Distribution by Gboss247(m): 5:29pm On Aug 05 |
[quote author=nwirinedu post=140243869]A DISCO that cannot provide transformers , install high tension cables , build sub injections stations has no business providing electricity. People pay for value, you dont expect a community to buy their own transformers buy cables to connect themselves to the grid then you come out fom no where as a DISCO and start distributing bills, which arent based on consumption but criminal estimates and demand that they pay up. Even houses under construction are given bills for power that was never supplied. My community currently has been without power for 12 months! These criminals only supply electicty to developed city centres, they ignore areas that have faulty transformers or are outside city centres, this model is not sustainable as people are forced to seek for alternatives. Run a business that creates real value learn from telecoms, dont use government backing to force people to pay for services you cant render. It is called rackeetring and its a fraud!!![/quote/]Is federal government frustrating telecom with the way they are frustrating power companies in Nigeria? |
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