₦airaland Forum

Obasanjo commissions N24b Ibom power plant
From Taiwo Hassan, Uyo
THE nation inched forward towards achieving 10,000 Mega Watts (MW) power generation capacity target by the end of this year, as President Olusegun Obasanjo yesterday in Uyo, Akwa Ibom State capital, commissioned the state's Independent Power Project (IPP), expected to add 191MW to the national grid.

The plant, which is the first phase of the Ibom Power Project, cost $191 million (N24.4 billion) and is expected to be connected to the national grid in July, when it will fully come on-stream.

Construction on the second phase is billed to take off in 24 months time with an installed capacity for 586MW at an estimated cost of $400 million.

Speaking at the commissioning yesterday in Uyo, President Obasanjo said the coming of the Ibom Power Plant is a dream come true, as it would further increase the nations power generation capacity.

Besides, the president noted that the power plant would open window opportunities for the manufacturing industries to harness their business and boost power supply to the households.

He said: "I have come here to celebrate with you, the governor and people of Akwa Ibom State because this project is worthy of being celebrated. As we can see, we have a dream when looking at the financial involvement risks in this project, so we have cause to dream economically because of the delivery of such a significant power plant. We uphold the dream and the dream has come to reality.

"I must say here that out of the 36 states in the country, your state is one of the very few state that have put more efforts and commitments towards the development of power sector."

Also, I am particularly delighted that this Ibom Power Plant, when it fully comes on stream, would also add to the national grid in attaining the 10,000mw I have promised that will come at the end of this year."

In his welcome address at the occasion, the state governor, Obong Victor Atta said that it became clear to his administration, right from its inception that an unreliable erratic supply of electricity would impede the desire to stimulate economic growth and build a knowledge based economy.

According to Attah, the electricity power situation in the state was so poor that it could not open opportunities for both the private and public sector to utilise their economic potentials that would have driven the state's investments forward.

He confirmed that the Ibom power project phase one cost over $191 million, out of which the state government contributed about $140 million, while about $80 million was coughed out by the Federal Government, as part of its commitments to ensure that the power plant sees the light of the day.

The governor said that the cost of the plant is very competitive and below estimates for similar plants elsewhere. "A finical model has been developed to determine the optimal refinancing plan for this project and to evaluate the anticipated returns on capital invested"

your name may or may not mean anything - that is your business - for all i care wa_do_mi can mean anything else apart from what your rotten minds have suggested. imbeciles,

so many people's name means or don't mean anything - so why is mine an issue? your name may or may not mean anything - that is your business - for all i care wa_do_mi can mean anything else apart from what your rotten minds have suggested. imbeciles,

I just cant wait till Nigeria will be good and these guys will eat their stinking words.

There will be so many discs for sure - standard edition, personal edition, enterprise manager are different versions of Oracle so it depends on which version you want, I guess your friend has bundled everything and sent it to you, the most compact one is the standard edition while the enterprise is the one that is for big databases and database applications. However, you need to check if it also comes with the Oracle Database apart from the Oracle Client - the client is different from the database itself, if you dont have the database, the client is useless. Also it seems your friend has sent you the application for all other operating systems apart from for windows, e.g. for ibm, sybase and others, check the packages, the Windows version should be properly labelled, both the server and the client, but Oracle is of no use if you arent building databases and applications that manages databases that runs into million records.

Did he steal it?

good for you.

thats good - I told you - Atiku has lost out. Yar' Adua will survive.

this s d problem with the entity called Nigera they wont do but they wont let him/her that wants to do to do anything but criticise with their stinking smelly mouth and butts.

angel101:
u should be ashamed of yourself!

Why should I be ashamed of myself Miss Stinking Butt?

what does MTAG_TV MEAN TO YOU? I laugh at you - my dude is my dude - u can holla and scream till the cows come home.

as if it counts - u can have an American/British passport and amount to nothing in life and you can have a Nigerian passport and become one of the best in the whole wide world.

Go to the bank with your American/British passport and tell them u want to use it to collect moent because u are not a Nigerian - stupid lots.

Because you dressed like a raggedy person and the immigration suspects you, u now say it is because u carry a Nigerian passport. Shio.

It is a shame that instead of answering the question and staying by the ambits of the topic, you guys are characteristically digressing to off topics which shows the mundane nature of the mind of an average Nigerian - a consistent audacity to talk gibberish and out of the point innuendos.

It is a shame that instead of answering the question and staying by the ambits of the topic, you guys are characteristically digressing to off topics which shows the mundane nature of the mind of an average Nigerian - a consistent audacity to talk gibberish and out of the point innuendos.

you guys stay here and criticise people who have been proven to be successful in their life, what success has anyone of you recorded that is worthy of emulation, talkless of worthy of criticising?

A single bullet thru that stinking mouth is all it will take to silence the stinking mouth those stupid words come out from.

if i say to my guy - i am missing u, i simply wants his oko inside my wet wet obo.

@BlackManga

u r a mango for offering such a shameful advice. u r sad because she is not going to Nigeria for u - u dont even know here, how come u speak of her class? nin compoop like u.

what is he saying?

hen kilowi?

i know people who have done the same but the problem is the husband in most cases get stuck in Nigeria waiting to secure visa to go to America - this u need to consider, because getting visa for him is not an easy game. Forget all the story about not making it back alive - it is all bull shit.

i agree - at least his demeanour is not like the thief looking Atiku and Buhari.

download macromedia flash - there is a 30day free download.

in short - i use to read your posts - but now i see you're a big buffon, a complete nin compoop and a non entity.

afrer four years? his penis must be very sweet for you to want him back after four years.

Who is this fish reasoning Donzman of a person?

u never heard of this popular country? u must be kidding!

shio -

Here is mine!

heeeeeeeeee - up Mcdoe - down Olunifemi

throw another punch Olunifemi.

why peddling a news item of 2005?

what does chiogo mean?

what the hell - some of us still have families there and busniesses - to hell with CNN and their news and to hell with anyone who helps circulate it on Nairaland.