Stats: 3,170,777 members, 7,879,383 topics. Date: Wednesday, 03 July 2024 at 05:13 PM |
Nairaland Forum / Nairaland / General / Politics / CBN To Fund Power Projects With N500bn Loan (3654 Views)
Lagos Power Projects Receives Boost With Transformer Plant / FG To Begin Inspection Of Power Projects / 'Batman' To Launch Power Projects In Nigeria - ThisDay (2) (3) (4)
Re: CBN To Fund Power Projects With N500bn Loan by biina: 8:05pm On Mar 03, 2010 |
netotse:The transportation issue is not a northern one alone, as it is a case of per-unit-length costs. Outside of fossil fuels and nuclear, I cannot think of any other power generation scheme that is not seasonal, irregular and/or situational. I dont think the government has granted approval to build nuclear stations. The problem of the Nigerian economy is one of Nigeria as a whole, and the core issue is the cheapest way to deliver power to these cities/regions, while at the same time keeping an eye on future plans and scalability. I dont think isolated siting in the above locations is optimal, as opposed to having the fossil fuel units in the south and complementing them with the undeterministic sources in other regions. The latter solution requires a serviceable transmission network. |
Re: CBN To Fund Power Projects With N500bn Loan by Nobody: 8:12pm On Mar 03, 2010 |
Business as usual ![]() let the looting commence! |
Re: CBN To Fund Power Projects With N500bn Loan by Avenir(m): 8:18pm On Mar 03, 2010 |
biina: I agree that transportation will always be a big problem in the north since in any event you have to transport whatever fossil fuel (gas, coal, etc) from the south to the north. But there are several viable hydro sites in the north. They don’t have to run on fossil fuel for the north. Ofcourse you don't have to look outside fossil fuel for the south and there are many types. Over 60% of world generators are coal powered. You can enter into purchase agreements to guarantee your supply. Gas fired generators would have been the cheapest for Nigeria due to abundant sources of natural gas. However the current problems in Niger delta will not encourage anybody to invest in gas pipeline business. |
Re: CBN To Fund Power Projects With N500bn Loan by biina: 8:55pm On Mar 03, 2010 |
Avenir:The core of the discussion is on if we need immediate investment into the transmission and distribution networks. The description given in the article seems to focus on localized power generation which I feel will be cost inefficient as ooposed to optimal siting of the power station (based on fuel/energy sources and transmission network). Having a city supplied by an hydro station (or any other underterministic source) off grid will expose such cities to either over budgeting at times of source abundance and/or under-supplied in times of dearth (like dry season for hydro stations). With out using the grid, it becomes chop alone die alone |
Re: CBN To Fund Power Projects With N500bn Loan by Beaf: 8:59pm On Mar 03, 2010 |
Poor Sanusi. He seems to have political ambitions. Hopefully his plans work for the countrys benefit. |
Re: CBN To Fund Power Projects With N500bn Loan by netotse(m): 9:27pm On Mar 03, 2010 |
biina: if that alone is considered, you're 100% right. . .if there was a way to achieve that without having to carry domestic and commercial load, i'd agree with you totally but as it stands today, it isn't possible and i think in this case, it's left to the investor that want to access the funds to make it work. . . i'll be going to PHCN HQ sometime next week, i'll try and find out the cost per-unit-lenth for txn networks. i dont agree with your overbudgeting thingy on hydro o. . .cos they have hydrologists at hydro stations and you monitor the rainfall of the area for close to 8yrs at least before siting a hydro station there, it's all about planning and economic dispatch really. i'm guessing including the northen sites was mainly for political correctness and ish though |
Re: CBN To Fund Power Projects With N500bn Loan by Fhemmmy: 9:42pm On Mar 03, 2010 |
Beaf: Lol . . . . |
Re: CBN To Fund Power Projects With N500bn Loan by biina: 9:57pm On Mar 03, 2010 |
netotse:I think since the distribution network more easily defined geographically, it shoudnt be too difficult to isolate the distribution network for the industrial areas/parks. Irrespective of power plant siting, the local distribution network for this target areas will have to be reviewed. The transmission network is what I am more concerned with. I feel We should upgrade the transmission network to ensure cost effectiveness in generation and delivery,while keeping in mind future plans. We should noyt build expensive ad hoc networks that would increase short term cost, and then be abandoned on the long run. Hope you are not going just to ask four your share of the new CBN disbursements? ![]() ![]() ![]() ![]() Tommorow now, we go hear say u don get GenCo ![]() ![]() ![]() If you capacitive is not excessive in the raining season, it will be short in the dry season. the seasonality of the water levels as opposed to tyhe more consistent power demands makes it that you cannot eat your cake and have it. Such considerations are required to avoid unnecessary political tension. Surprisingly, PHC (already with AFAM) is the only south-south location. I would have expected something around delta/baylesa areas and something in the midwest also. Without a capable transmission network to spread the power around, you might indeed endup with the grumblings that easily follow such projects in Nigeria. |
Re: CBN To Fund Power Projects With N500bn Loan by tunde1200(m): 10:07pm On Mar 03, 2010 |
No matter how badly hated Sanusi bank reforms are perceived,I can bodly say without blinking an eye that any man/woman that could take darkness away from Nigeria will be the best Nigerian of the century. and i will surport him as a hero with sense not soludo who did not know anything |
Re: CBN To Fund Power Projects With N500bn Loan by reindeer: 10:20pm On Mar 03, 2010 |
seconded! |
Re: CBN To Fund Power Projects With N500bn Loan by netotse(m): 10:47pm On Mar 03, 2010 |
tunde1200:he's talking about improving the economy not taking darkness away from naija. . . |
Re: CBN To Fund Power Projects With N500bn Loan by sulad82i(m): 12:21am On Mar 04, 2010 |
This is a very good idea |
Re: CBN To Fund Power Projects With N500bn Loan by netotse(m): 12:48am On Mar 04, 2010 |
didnt see this post intime biina:i agree with you there, i think that's what they'll do, make use of the existing distribution network, they'll just need to find a way to section it off, the new stations built need not be abandoned, the can always be added to the grid now. . . ah ah now. . .at least if i get one, when i'm like 60, i will come and start a foundation and say i dont know what to do with the money anymore. nope. . .the problem in naija is that the gas stations are forever messing up, thats why the hydro stations are usually over depleted. . .in a private setting, where there wont be an economist or lawyer minister to order you to bring units into service anyhow, you would be more likely to stick to best practices in managing your water level, how it's done is all fuzzy but i know there's a way they compare rainfall, expected rainfall and all that and use it to forecast how much they can generate with the water levels remaining safe! where else can they site it? they need already established industries now. . . |
Re: CBN To Fund Power Projects With N500bn Loan by biina: 1:57am On Mar 04, 2010 |
netotse:The point was that your water levels will vary with the seasons (unless you have no concern for those downstream of the dam) which means you are capable of generating much more in the rainy season than in the dry season. In the case of an isolated region with sole dependence on hydro, (assuming a fairly constant load for the year), your capacity in the dry season should be able to meet your load, else you will be underfed, which in turn implies that your rainy season output will exceed your load i.e. wasted capacity. On a grid, the thermal stations would have helped pick up the slack or be able to transmit the excess to another region. But is Afam not capable of meeting the demand in that region? why there may technical and practical reasons for siting in PHC, my point was that from a political stand point, the choice of sites (if coupled with isolation) may result in some regions/states genuinely feeling marginalized. |
Re: CBN To Fund Power Projects With N500bn Loan by netotse(m): 2:14am On Mar 04, 2010 |
biina:oh. . .i finally get your point, dams are built with reservoirs, so the excess water is stored for use during the dry season, and the resevoir is re-filled during the rainy season, that's how it works. . .it's plausible, trust me. . .i just spent one year at a dam ![]() but to do that will require toying with the load allocation from PHCN and trust me. . .PHCN will not listen to CBN on that issue, the next best thing will be to build. . .and since it'll be cheaper to site the station near the industries. . .voila. . .PH if the states dont like it, they can go and jump. . .it'll be private companies now, you cant complain where a private company decides to spend it's money, like oyb said somewhere, part of the prob in naija is that when it's time to build stuff, er'one wants it to be built in their village, instead of considering more important(mostly economic though)factors |
Re: CBN To Fund Power Projects With N500bn Loan by biina: 3:16am On Mar 04, 2010 |
netotse:I know about the reservoir and it only eliminates the short term variations and not the long term seasonal ones. You cannot hold the reservoir above the dam water (unless you are willing to waste power in pumping the water above river level which essentially proves my point of waste) and since your water source level varies more consistently on the long term, you capacity would vary accordingly as long as you have finite dam height+ bed depth. It similar to the variable input rate, constant output buffer problem, no matter the size of your buffer, your output rate will always have to be between your maximum and minimum rate. You cannot maximize your output. I thot the power stations were sited by PHCN and CBN is just helping with the financing. Still the average Nigeria wont be so patient if he is not getting light when some other areas seem to have an abundance, particularly when the president is likely from the region of abundance. If Nigerians were objective, we wouldnt be is such a bad situation. |
Re: CBN To Fund Power Projects With N500bn Loan by sulad82i(m): 4:58am On Mar 04, 2010 |
I hope our lovely and honorable politicians wont come and take this project away. As you know, if they see that they can not make any money from the project, they might come up with some excuse to delay it by saying its not suppose to be handled by the CBN president. |
Re: CBN To Fund Power Projects With N500bn Loan by shotuns: 6:10am On Mar 04, 2010 |
I pray this works, it's a good idea. But Nigeria should learn from other fast developing and the developed nations, Nigeria should be proactive this time around, seek advise from people who have relevant knowlegde about on how to make this project work and be sincere. The world is advancing drastically beyond comprehension, The resourses we depend upon today will one day may not be relevant again in the world stage, so we need to wake up and do something meaningful for this country, For instance , Nations advancing from 'OIL' to clean energy resources, solar energy, , we have all these in abundance but no proper relevant knowledge, resources, skill ,supervision ,insurance and maintainance to make it work, It is well , (Amen) |
Re: CBN To Fund Power Projects With N500bn Loan by ibelab(m): 8:28am On Mar 04, 2010 |
SOLAR(energy) PANEL FOR THE NORTH ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
Re: CBN To Fund Power Projects With N500bn Loan by okeymadu(m): 8:46am On Mar 04, 2010 |
The entire scheme look more credible because of Bank of Industry involvement. The bank is transparent and follow the rules in all their trabsactions, I believe in this! |
Re: CBN To Fund Power Projects With N500bn Loan by martinosi: 12:16pm On Mar 04, 2010 |
We have to start setting some ground roles for forum members that post new reports - IF U DONT PROVIDE A LINK OR SOURCE YOUR POST WILL BE DELETED!!! We are not here to mis-quote or mis-represent any individual or Institutional body. |
Re: CBN To Fund Power Projects With N500bn Loan by ud4u: 12:44pm On Mar 04, 2010 |
So much tory for we country |
Re: CBN To Fund Power Projects With N500bn Loan by netotse(m): 1:08pm On Mar 04, 2010 |
biina:o ok. . .i get your point. . .you're right, but we''ve got ourselves into this situation, even though CBN's solution is not the most efficient on the long run, taking the situation on ground into consideration, i still think the CBN's plan is a darn good option(in terms of the economy alone). . .have you ever visited geometric power's webpage? you should visit it sometime. . .it's here nigeria isn't that organised, the businesses will draw up their plans and stuff, PHCN will be ignored as much as possible(wot purpose are they serving? the execs will jst be trying to see what they can gain from the whole thing) it's the NERC that they'll deal majorly with. for the people asking for a source, y'all coulda tried google now, but here's one sha. . .http://www.thisdayonline.com/nview.php?id=167704&printer_friendly=1 |
Re: CBN To Fund Power Projects With N500bn Loan by nduchucks: 2:24pm On Mar 04, 2010 |
netotse: Its time for Jonathan to take the USA up on their offer to provide technical expertise to Nigeria and help us generate 10,000MW by 2011. The US Government has already comitted $500,000 towards through the United States Agency for International Development (USAID) t this end and are have kicked-off a two-week programme to highlight its activities in the country. This is a great development:
|
Re: CBN To Fund Power Projects With N500bn Loan by Fhemmmy: 2:45pm On Mar 04, 2010 |
ndu_chucks: If Jonathan is as smart as we expected, he shd take them up on that offer fast, sign the deal and let them give him a end date for the project to happen, and make it happen within the few months that he has left in office, cos if he can do this, Nigeria will never forget him, and he will get everyone's vote in the future. |
Re: CBN To Fund Power Projects With N500bn Loan by hugooh42(m): 3:31pm On Mar 04, 2010 |
But US government is talking about green energy partnership,yet 50% of their power generation is from coal. Even china's energy is 70% from coal. But Nigeria has totally abandoned coal as a mean of generating power instead focused on gas flaring because we have abundance of it. I hope the CBN invest part of this fund in coal power plants. |
Re: CBN To Fund Power Projects With N500bn Loan by Fhemmmy: 3:33pm On Mar 04, 2010 |
hugooh42: Just hope we take advantage of this and step out of the darkness |
Re: CBN To Fund Power Projects With N500bn Loan by hugooh42(m): 3:35pm On Mar 04, 2010 |
Green energy does not come cheap,even nuclear energy.So we need to used all these energy sources to generate and even surpass the the 6000megawatt target. |
Re: CBN To Fund Power Projects With N500bn Loan by Fhemmmy: 3:37pm On Mar 04, 2010 |
hugooh42: Ummmmmmm |
Re: CBN To Fund Power Projects With N500bn Loan by alanbolo(m): 5:02pm On Mar 04, 2010 |
In whatever form the generating form comes from, either coal, gas, solar, all we need is way out of this darkness. Fhemmmy:seconded. |
Re: CBN To Fund Power Projects With N500bn Loan by Fhemmmy: 5:03pm On Mar 04, 2010 |
alanbolo: Thanks jare, my brother |
Who Is A Communist? / Court Stops PDP From Conducting Governorship Primary In Bayelsa / "We Will Ensure That Nigeria Will Not Survive If Jonathan Wins In 2015"--Oyegun
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 86 |