₦airaland Forum

Mkenya2019:
I thought VRA is the mother of ECG and Northern one.You cannot list your way out of liabilities or trouble.In Kenya they won't allow you to list if you haven't been profitable for 5yrs.You think you can offload a thud to the stock market.Maybe you clean up their balance sheet first by first paying off 30yrs of projected revenues from thermal plants so they can dismantle them and also ask Ghanians to pay for used power esp Ghana government that owes lots of money to ECG & others.Youre in big trouble.Prepare 850m dollars to pay IPPs and maybe 250M to N-Gas annually - you can use the extra power to fry banku or shoot space missiles.. nobody cares you got to pay...for extra 2500mw of idle capacity.

VRA liability is to Ghana Gas

so it is not a problem

SUFFERInSMILIIN:
What proof do you have that they are sex hotels. Also it is very surprising when I was posting pictures it looks like the Ghanaians and Kenyans were enjoying them. Because from both side the argument stopped and immediately as the pictures stopped the argument started again.

I don't want to be brute on you. just stop your incoherent understanding. and keep doing what you like without mentioning anybody...

You re really an igbo. I have discover that in you
... so why dont you post your region and let's all enjoy

Mkenya2019:
You may own part of the pipeline but you signed to buy Nigeria gas whether you need it or not..so even with your gas coming on board..you still pay Nigerians.

and we will continue to need Nigeria Gas

Because our energy future is big

with the kind of industrialisation happening here

Just30:
this is small

the phase 2 begins next year


All that kenya can boost of are sex hotels

Kenya is toooo small to compare with Ghana. They're not fit to polish Ghana shoe at all

Just30:
VRA liability is to Ghana Gas

so it is not a problem

he said he use one hour to study Ghana electricity just to come and argue . just imagine yet he didn't get get it. hence the rambling . he is good with one thing and I must acknowledge him for that . he loves playing with number either correct or not ....

vaxx1:
I don't want to be brute on you. just stop your incoherent understanding. and keep doing what you like without mentioning anybody...

You re really an igbo. I have discover that in you
... so why dont you post your region and let's all enjoy

That dude is not a Nigerian. Don't be decieve by anything he's saying. That guy is a Kenyan, he once said it that he's not a Nigerian. Just forget about the curesd badstard

vaxx1:
ECG be listed on the bourse today, it would be ranked among the best-capitalized companies on the stock market with a market capitalization of about GHc 15 billion. If the market values the company significantly above its book value, this premium would make it's market capitalization even higher....it is just that simple, are you actually a graduate ? The dept payment issue isn't the big deal . most of the ECG debt is owed by VRA which owned Ghana gas . they are basically local debt which goverment can pay right away ...

government have already listed a bond to pay them off

Just30:
government have already listed a bond to pay them off

that interesting

Mkenya2019:
It depends..if you signed a future contract, you're done.KQ for example got into trouble because they bought fuel futures at 140-200 dollars per barrel and so even when oil tanked to 20 dollars , KQ still buy fuel at crazy rates.There is no escaping.KQ been through hell since 2014.The same your for IPP.No escaping international contracts.Whatever you do in Ghana is null and void.Wait till creditors seize your embassies.Nigeria has 9 billion dollars bill waiting execution.

we sign deals that are to our benefit

we dont do future contracts here
the world market is already unpredictable enough

Logobenz0:
That dude is not a Nigerian. Don't be decieve by anything he's saying. That guy is a Kenyan, he once said it that he's not a Nigerian. Just forget about the curesd badstard

I am so sure he is a biafra. he is much interested in Nigeria disunity .just go and read his opinion. you can quickly conclude . he is just someone who has basic info about African country. he is not in anyway from east or south africa. he is from eastern Nigeria. but I am sure he will denied but it is so obvious.

Mkenya2019:
3B dollars for an electricity distributor that sells about 1000Mw to about 1m customers and is highly indebted is crazy.Who did the valuation.JP Morgan or CITibank or some Ghanian Yahoo boy.I would estimate it's value at about 50m dollars.Go back to the Nigeria backstreet university and ask for your real degrees.. Bachelor of Arts in street begging and related hustle.

KPMG

dought their credibility?

samorobo:
Funny boy..That is Ikeja under-bridge...why can't you tell that so called camera man to tilt his hand to the left hand side and show the massive concrete road construction going on from ikeja-oshodi...

I see you do not know Lagos really well I was the one who took the picture it's kind of far away from ikeja under Bridge. Because of the go slow in the morning we had to bypass the ikeja under Bridge and take rode Brown Street and we came out at Trinity near the military Barracks it's known as a back road

Mkenya2019:
Good example of a futures contract is your IPP take or pay with VRA. International business and contracts are not a joke.They are not heard in Accra.. possibly London.No escape.No short cut.No negotiation.Its just paying.Go ahead and cancel them..and see if your gold won't be seized.

We will still make use of what ever power we produce or have signed to take

just two companies will consume the excess power

vaxx1:
You keep repeating nonsense, IPP don't signed contract with VRA it is ECG. you don't understand . then ask question... i

he is dumb
what do you expect

Accra highways. Kenyans show us highways as clean as this in your bombastic shitthol

More check the sidewalk. Very clean sidewalk

Just30:


he is dumb
what do you expect

he is a professional idiot.. .

Logobenz0:
More check the sidewalk. Very clean sidewalk

This is Accra

Logobenz0:
Accra highways. Kenyans show us highways as clean as this in your bombastic shitthol

That road is called George walker Bush high way

Logobenz0:
More check the sidewalk. Very clean sidewalk

This is just opposite Accra mall

Mkenya2019:
I don't think you understand your country power sector..at the apex is VRA & IPPs..then 3 electricity distributor including ECG as the disco..then GRIDco who own most of tranmission network.VRA still sell power to the big customers in minning leaving the likes ECG to share about 4m customer in Ghana.I estimate each sell about 500-1000MW or less - about 1500mw divided by 3 every day.If you assume that ECG sell about 2,000 GWH annually at unit cost of 14-20 cent USD per kWH...total revenues of ECG is about 300-400M USD.If you remove the expense of distributing that power including shocking systems loss of 20%, I estimate the expense are huge.I would be very surprised if ECG ever makes profit or at best 5m dollars.We know the company is in red because Ghanians don't pay for power worse their gov.So if you were to sell me such a company with very tiny margins and uncollected debt..I would at best give you 100-200m dollars..say P/E of 10-20.

you are dumb

shut up and receive teaching

VRA is a producer, it sells power to ECG.
VRA assets is above 10 billion dollars.


ECG buys power from producers like VRA and IPPs

VRA and ECG pays gridco for transmitting or receiving over their lines

ECG sells over a billion and five dollars worth of power annually

ECG can easily pay it debt because it is a valuable company.
THe debt is owe by government.
This is what a viable company is



SGR isnt viable because it is making loses and cant pay it loan.

vaxx1:
one very interesting about you is, you are a professional idiot. how do you calculate such a figure without an official back up. it is like me giving you an estimation cost of your stupidity without placing you in psycho..

Anyway take the lesson

You are simply an idot ...VRA is the mother of them all, both sister company tap from VRA for their customers . so in a little exercise , whatever ECG sells, it is from VRA . ECG is not generating its own power , Gridco is for power extention.....ECG buys from valco and then to supplier.... all other extention company are owned by VRA.

so let's talk about your non performing loan? how do you intend to pay it.

Your goverment have failed to secure another loan from china when The current SGR was only able to give an annual revenue return of 10 billion shillings despite using up 12 billion shillings to finance its annual operations in the same year. a liabilities of 2 billion shilling Thbat means innocent taxpayer of kenya has hence had to part away with one billion shillings every month to finance the SGR that brought a loss of 2 billion at the end of the year not forgetting that it was expected to also repay a monthly servicing of its loan which amounts to 36 billion shillings.

so logically we know For the SGR to be viable, it needs to make returns of over 48 billion yearly to sustain itself and repay its loan. somwhere will thay come from

I am of The belive The SGR should have been in a position to sustain itself .

so what is wrong?

correction

SGR only made 5 billion shillings

Just30:
correction

SGR only made 5 billion shillings

Then I must be kind with numbers...

SUFFERInSMILIIN:
The first set of pictures which I posted some of them were from ibadan the others from Lagos and I think two of them from ikorodu. If you think I am lying enlarge the picture and read the sign post do not underestimate suffering and smiling the only true Nigeria

There is clearly construction ongoing there I do not understand it's like you are blind sef

whiles we are celebrating your foolishness because
you are commenting on a company you dont know


let me help you save your image
VRA does not signpower purchasing
because it does not buy power.

kikuyu1:
So, listing will magically cure all their problems as investors lose hard earned money buying a dud and VRA' s balance sheet will instantly go black and previously signed iron clad supply contracts with tough penalties would be nullified -HAHAHA!
I doubt such conmanship would fly even in WA. The perfect example of the "Katanka mindset!"

Mkenya2019:
Precisely.katanka made in Ghana mindset.Feeble minds

Kantaka is export more cars than Kenya will be able to produce

Same as JA plant pool

basically SGR is a debt burden
it was built for political reason
and no economic thinking behind it

Mkenya2019:
I don't need to ever see your bank account to know you're doing badly or not. You are ignorant.it took me exactly 1hr to understand your power sector.Now you've moved to SGR.If you have trouble understanding Ghana, how can you understand Kenya issues.Regale me with your begging escapades in Nigeria instead

Just30:
whiles we are celebrating your foolishness because
you are commenting on a company you dont know


let me help you save your image
VRA does not signpower purchasing
because it does not buy power.

kikuyu1 is the oldest idiot here. the great fence sitter ....


Even a stock that is in receivership and in the process of bankruptcy still has a possibility of growth if the company is restructured talkless of goverment owned company which pieces of the business can easily be sold and still make more profit..

Jonraid:
Farms in Timau and Nakuru

Kenya

owned by Qatar

vaxx1:
That road is called George walker Bush high way

Exactly? You know the highway bro

dont waste your time
Kenya does not have quality hospitals

samorobo:
Very funny...
Stability of what exactly?
Lagos health care system works better than all other states...
Lagos dirts can never be compared to Nairobi...I thought your dirts only existed in your slum but I recent just discovered that the whole of eastland is is dirt ridden environment and recent pics has revealed that your cbd operates on the kind of dirts you would find in low income neighbourhood of Lagos..

Lagos had the least number of uneducated People in Nigeria...go find out....almost 100%

Infastructure..pls you shouldn't even mention this when you road is a disgrace most especially at your cbd...hahaha when less than 6% of your road are tarred a d you dare speak to me about infastructure..


Now here is how you would know that this list are focused mainly on insecurity and very biased since they didn't come down to this cities to conduct research....

Deep down within you do you really think Nairobi can ever be compare to Algiers and Tehran.....you don't need to tell me your honest answer, just deep down within you answer that then reply me with a dishonest answer to mask the truthful one......
Your mind awaits you answer so you can discover how useless this list is.

vaxx1:
This is Accra

Exactly