Zico5:
Imagine this nonsense. can anything good ever come from this government. You are planning for 25000MW when the time is already up. Who will fund it and how will this come to reality when u couldn't even do anything when you supposed to start. Awon were, they thought everyone is almanjiri that they can deceive as they like. They are bidding for unrealistic project when we are sure nothing will eventually come out of it. Thunder fire all Una.

bankylan:
You have not said anything about this project. It is better to read about it and understand what it entails before you attack it. I am one of the critics of this government and this is one project I am also very interested in and I personally know the Chief Technical officer to the FG on this project. The project is being funded partly by FG and German govt. Covid caused a delay, hence timelines have changed. The goal is to increase our generating, transmitting and distributing capacity to 25GW in like 7 years. It is on 3 phases with phase 1 starting this Feb. There is a SPV overseeing the project thus making it to last beyond this government. I am remotely involved as I am presently doing analysis of collections and remittance since 2015 till date so that we can compare results after interventions such as this. It is the only pathway for improved electricity supply in Nigeria. Electricity is very complicated tuanany of us think. The Engineering of it is for the best who understand power system. The economics of it is very complicated that even with my years of understanding electricity Markets, I am still learning. We don't have professionals that understand power system in Nigeria and this is why we don't have light. The liquidity problem being experienced in NESI attests to this fact. We only see wires and poles, but men in advanced economies, there is derivative trading in electricity. As we transits to a competitive retail electricity market, we need Siemens to expand our infrastructure for us. It is not cheap. It costs an average of 1m USD to produce 1 MW. So, we need foreign investments. So much to say, but let me stop here. But if you feel you understand Power very well, let's engage here.

RESTMOUTH99:
Nigerian Technocrat like Prof. Bath Nnaji has the capability if supported to generate enough power to resolve the power problem in this country but cabals that hold this country in ransom won't allow that development to happen, likewise in the petroleum industry.

bankylan:
The dude doesn't have a clue about the project and he does not understand the industry at all. I answered him already.

The project has attracted low-cost financing backed by the German government and credit-risk guarantees by Euler Hermes Group SAS, according to Tifase. Lenders including Commerzbank AG and Deutsche Bank AG have indicated an interest in extending credit, she said. German lenders are expected to finance the supply of all equipment, products and systems for the project.


https://www.bloomberg.com/news/articles/2020-08-12/siemens-overhaul-of-nigerian-power-grid-draws-private-investors

mikeapollo:
Impossible!!!
Nigeria does not have the infrastructure to carry or accommodate 25,000MW in six years! And we cannot put the infrastructure in place in six years!
All lies and wishful thinking!!
It will take a minimum of 15-20 years to achieve 25,000mMW

plaindealer:



This is a low-cost financing backed by the German government. German Chancellor Angela Merkel came to Nigeria to put the deal on the table.

Unlike many previous looting and stealing power schemes by past administrations (Looted $16 Billion power fund by OBJ and his cronies) this is a government to government transaction with no middlemen and looting opportunities.

Raxxye:
Scam
It is pure scam, my borther; just another avenue to siphon money!
Just pre-engineering studies, and it is already taking several years and gulping a whooping 8biliion naira. How much would the actual construction and power generation cost and how long will it take?
A country that cannot generate 5,000MW since 1960 is signing contract for 25,000MW.
Yeye dey smell!

RuudVanNisteroy:



https://www.youtube.com/watch?v=Wg7lfHL_l1w

theenchanter:
Lol, I thought they said we should be expecting 7,000mw this year, 11,000mw by 2023 and over 20000mw thereafter after the agreement in 2019.

This country just get as e be.

Rossnitti:


RuudVanNisteroy, interesting video.

But wait a minute.

Shouldn't David Cameron have returned the billions of looted pounds from his British banks, back to Nigeria?

He hates corruption, right?

galadima77:
Maybe I don't get it but from what I understand, we paying that sum for "advice" on how to boost power output to 25kMW?

bankylan:

Lol, there is no 16b dollars spent anywhere and I don't want us to go into politics . That noise of 16b dollars was a propaganda. This I can tell you authoritatively. Otherwise people are going to be asking about billions that have been spent on Power since 2015. I have records of billions spent and many billions we are still spending on capacity payments . Like I said, we should not talk about politics and this govt and previous govt. The PDP govt did the right thing with the privitization in 2005. Only that those that bought the unbundled companies did not do a due diligence on the assets they bought and many of them don't have the financial and technical competence. We have to blame the govt too as TCN that is still 100% owned by the FG hasn't improved .

Let us stick to the facts of the industry and forget about politics. Even this project Like I told the Chief Technical Officer to the FG who is like a boss to me, many things are not included and we are praying this won't go the way of other policies.
The market is in stages and as we move to the next stage, we can only pray for improvement.
So bros, leave the issue of 16b dollars alone o. Na mere politics. No one can prove it or show any evidence to support it.

Angelmichael63:
good plan but the problem is abandonment


















but one day God will help us get good LEADERS

RuudVanNisteroy:

Why should he return it when it will be re-looted and sent to Dubai banks. He was waiting until Nigerian had a responsible government.

eedimo:
I bet you this would be last time we would be hearing about this. ABI no be power again?

Angelmichael63:
good plan but the problem is abandonment

Buhari NEVER abandons such projects..

Ask his enemies!


















but one day God will help us get good LEADERS