majamajic:
u can't stop use of fuel , even in US they still consume fuel

sean079:


Cheif stop posting this nonsense everywhere, he major problems is the with discos. How will you set up an industry without investing in the right infracture that will guaranty the business survival. The discos failed investing in the power sector. Which power distribution company goes around disconnecting consumer manually in this 21st century when ideal way should have been to disconnect from their end automatically. All over Nigeria there are visibles power cables whereby proper infrastructure suppose to be underground cables to connect various building. No provision of meter to numerous consumer because of their dubious means of dishing out estimated billing. Probably you already forget about what happened in ilesha where discos were caught hoarding prepaid meters.

9jaRealist:


Artificially capping the price of gas merely works to ensure that gas production is unattractive for gas producers (the IOCs, etc.)...
The gathering and processing of gas is a very CAPITAL INTENSIVE business, and that’s it’s been more attractive to produce for export.

Meanwhile, metering is actually an expensive undertaking (and yet people are discussing it here as if it has no cost implications at all), and therefore given the precarious balance sheets of the DISCOs rollout has been gradual. Hopefully, the onset of the so-called MAPs regime will speed up the process. In an estimated population of nearly 200 million, to have only 6 million registered electricity consumers sounds fishy.

OlujobaSamuel:
Hmmmmmmm, what is he driving at, is he saying it is bad or what?
To imagine this same dude to be a former FRSC head and minister.
Most fuel station I know used their own generating plant, either now or before, and since the advent of Petrochem in the downstream sector, other fuel stations are adopting solar power system to run their business which I don't think any sane being should fault

Jonegonu:
Please Nigeria don't listen to that man called osita chidoka, if you can afford to get one solar panel in a self contain it will go along way in giving you 247 power supply in your home and stay away from phcn esteemeted bills. Long live Nigeria

deomelo:


The privatization process was based on corruption and cronyism, they handed Nigeria's power assets to their cronies with zero knowledge about electricity and power management for pennies. They don't have money to invest and grow their operations with and the banks won't borrow them one kobo their business is based on corrupt, shaky and incompetent model. Nigerians are experiencing the sad effects of heir crooked and corrupt decisions.

The GENCOs should be rolling out all kinds of products from wind energy to solar and so on, but they can not because they are chronically in debt and the DISCOs on the other hand can not pay for energy deliveries because they are also poor and in debt so how do you encourage the average energy investor to invest in our power sector.

Nigerians are not even ready start paying full price for anything, they still want everything subsidized like babies with feeding bottles.

I don't see 24/7 electricity anytime soon.

CodeTemplar:

Gas is cheap enough and very close to good number of gencos. Any other explanation are largely circumstantial. They power system men have no excuse to again.
Oga, metering of electricity isnt a expensive undertaken, has never been and would never be. You can prove me wrong.
What we have a corrupt system where nothing logical is given a chance to happen.

bendike:

Bros Deomelo, I always considered you as one of the intelligent ones on nairaland. You Bleep up this time ohh!

The point of the ex minister was not to criticize but rather he simply asked if Nigeria was prepared for the post oil world. Alternatives to oil for power generation is being used eg solar, electric cars etc and since our economy depends on oil, what happens when there is lower demand?

9jaRealist:


How could you have so completely missed the obvious point?

The GENCOs do NOT produced gas (or own gas acreages), and thus if the domestic pricing of gas (which again is terribly CAPITAL INTENSIVE) is artificially suppressed or otherwise rendered unattractive, the gas producers are less incentivized or otherwise less-inclined to invest in domestic gas gathering and supply facilities - especially when they can get much better returns by investing in gas projects for export.

Producers are NOT sitting on an inexhaustible amount of “free” investible capital. Accordingly, most (if not all) capital intensive production projects require debt financing, and if the producer approaches its bankers or such other financiers with unattractively-priced projects they are either going to be rebuffed or compelled to pay much higher (risk-reflective) rates that would render the project less economically viable.
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9jaRealist:


Thought Mr. Chidioka’s Plain English words were clear enough...
But as I read through deomelo’s comments I suspect he’s ‘blinded’ by political partisanship.
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sean079:

Cheif stop posting this nonsense everywhere, he major problems is the with discos. How will you set up an industry without investing in the right infracture that will guaranty the business survival. The discos failed investing in the power sector. Which power distribution company goes around disconnecting consumer manually in this 21st century when ideal way should have been to disconnect from their end automatically. All over Nigeria there are visibles power cables whereby proper infrastructure suppose to be underground cables to connect various building. No provision of meter to numerous consumer because of their dubious means of dishing out estimated billing. Probably you already forget about what happened in ilesha where discos were caught hoarding prepaid meters.

CodeTemplar:
Oga gas is affordable at a competitive rate, the structures to supply it are largely in place ( save for vandalism based interruptions ) so what exactly are you concocting here?

CodeTemplar:
Oga gas is affordable at a competitive rate, the structures to supply it are largely in place ( save for vandalism based interruptions ) so what exactly are you concocting here?

CodeTemplar:


You don't task GENCOs to roll out various energy type/solutions like solar, wind and electricity. What sane nations do is allow anybody who can generate power most cost efficiently for a chosen power type do the power generation.

[s]That's why you hear of periodic power auction where top solar GENCOs for example try to deliver the best deal to their client or the government.

Go research the last paragraph and confirm it if true so you can stop blaming past admin senselessly and endlessly.
APC is not the first govt to have a predecessor.

Let them improve power instead of pointing finger at the privatization process. Same corruption ravaging oil and other key sector is what is ravaging the power sector.

Where is the improved supply Fashola promised us in exchange for tariff increase early 2016? Where are the prepaid meters.[/s]

CodeTemplar:

Gas is cheap enough and very close to good number of gencos. Any other explanation are largely circumstantial. They power system men have no excuse to again.
Oga, metering of electricity isnt a expensive undertaken, has never been and would never be. You can prove me wrong.
What we have a corrupt system where nothing logical is given a chance to happen.

ibietela2:


Expensive o, this is why diesel engines are preferred

deomelo:
Power generation in Nigeria as we speak is a private affair aka Privatization where any entity including the GENCOS and other investors so exactly what are you rambling about?

Is privatization by definition not to allow investors to explore other forms of power generation and transmission? Is there any law in Nigeria against that.

Do we even have to tell the GENCOS and DISCOs to diversify and get into wind, solar and so on? Is power generation and distribution not their job?

As usual, jokers like you just love to hear yourself ramble on and on over nothing.

Not even interested in the rest of your lame rant.

Pavore9:

Water is not a product of industrialization nor technology.

adollyboy:
So what is wrong in that?

ibietela2:

Expensive o, this is why diesel engines are preferred

duality:


You are a seller. Let the users tell us the truth about the reliability of the so called solar power.

That petrol station will still still run their gen. I'm 100% sure of that

mastermaestro:


24/7 power supply with your sanity intact. You can't compare it to the madness of diesel/petrol power generators. Why do you think many Nigerians have mental disorder? The noise and air pollutions are killing the health of Nigerians.

9jaRealist:


According to the federal regulator NERC’s own figures...
Single-phase meters should cost about N38K while three-phase meters cost about N67K.

Accordingly, for a DISCO with (for example) about 1 million consumers, that anywhere from N38 billion to N67 billion right off the bat (without factoring in installation, maintenance or other logistics or associated costs).
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CodeTemplar:
That's the problem. You are going by the figure of a fellow collaborator agency in the power sector corruption issue. NERC is Just an extension of the corrupt power sector men.

Bagehot:


Don't be too fast to cast your lots . . .

https://www.nigeria.total.com/total-nigeria/better-energy-projects-nigeria/totals-onigbagbo-solar-powered-service-station-paves-way-better-energy

deomelo:







Power generation in Nigeria as we speak is a private affair aka Privatization where any entity including the GENCOS and other investors so exactly what are you rambling about?

Is privatization by definition not to allow investors to explore other forms of power generation and transmission? Is there any law in Nigeria against that.

Do we even have to tell the GENCOS and DISCOs to diversify and get into wind, solar and so on? Is power generation and distribution not their job?




As usual, jokers like you just love to hear yourself ramble on and on over nothing.

Not even interested in the rest of your lame rant.

9jaRealist:


Which structures? Can you please share with us how many gas gathering and processing facilities are presently available in Nigeria (and be specific wrt location)? And do you know how much these facilities cost (or why a Nigerian producer like Seven Energy became insolvent)?
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