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Nairaland Forum / Nairaland / General / Politics / FG Hands Over Zungeru Power Plant To Concessionaire (9963 Views)
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FG Hands Over Zungeru Power Plant To Concessionaire by Paraman: 10:34pm On Feb 20 |
The Federal Government on Tuesday officially transferred operations of the Zungeru Hydroelectric Power Plant to Penstock Limited, instead of Mainstream Energy Solutions Limited which it selected in February 2023. https://punchng.com/fg-hands-over-zungeru-power-plant-to-concessionaire/?utm_source=telegram&utm_medium=social 7 Likes 1 Share
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Re: FG Hands Over Zungeru Power Plant To Concessionaire by immortalcrown(m): 10:34pm On Feb 20 |
Okay oh! |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by Cassandraloius: 10:36pm On Feb 20 |
Following. |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by Paraman: 10:41pm On Feb 20 |
I see a light at the end of the tunnel Nigerians. This i have seen 18 Likes 1 Share |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by Bankowner: 12:05am On Feb 21 |
Just curious. Who owns Penstock Limited? Why was Mainstream Energy Solutions Limited, the initial bidder, bypassed? 40 Likes 2 Shares |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by Dagah2: 12:28am On Feb 21 |
I believe in Tinubu's government. Things will get better in the latter days! 14 Likes 2 Shares |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by yinkus6750(m): 3:00am On Feb 21 |
Politics in everything. The preferred bidder has been sidelined Hope the new company will live up to expectation. Power needs to improve tremendously. 8 Likes |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by STEWpid(f): 3:01am On Feb 21 |
Chai.. Nigeria is a name that was coined out of slavery. We need a New Nigeria so the Nigerian people too can stop behaving like slaves, especially her cursed leadership!! Sir Tinoubou should be strong to direct the country on the right path. 5 Likes 1 Share |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by Kennyfancy(m): 3:01am On Feb 21 |
I nor trust this people joor 5 Likes 1 Share |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by LalastiklaIa(m): 3:03am On Feb 21 |
Mod no dey sleep Dey move work come front page 3AM |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by Aremwayne: 3:04am On Feb 21 |
The heatwave is something else, I can’t sleep |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by DonFreshmoney(m): 3:13am On Feb 21 |
Penstock company is owned by a politician in this tinubu regime.. I can bet my 2 eyes on this 11 Likes |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by Nahunger(m): 3:17am On Feb 21 |
As usual, federal property now private property through proxy 🤧 2 Likes |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by otokx(m): 3:19am On Feb 21 |
Hope this not go to international litigation where Nigeria will loose millions of dollars. 2 Likes |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by Parydelegate: 3:27am On Feb 21 |
Okay What sort of daylight robbery is this? Over to investigate journalist to unravel what is going on. I smell something is fishy....cos I no trust this administration. The owner of Penstock Limited fit dy related to presidency. 3 Likes |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by BigIyanga: 3:31am On Feb 21 |
Bankowner:A biz front owned by rich oligarchs like Otedola, Elumelu, Dangote, Wale Tinubi etc with politrickians .. normal Normal Naija runs of fattening the ultra wealthy… while starving the poor. FG provided 25% loan and guarantees the loan 100%… and tomorrow, they’ll tell you that to subsidize power for the masses is bankrupting the govt 7 Likes |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by gaskiyamagana: 3:44am On Feb 21 |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by BarrElChapo(m): 3:47am On Feb 21 |
🤔 |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by Anguldi(m): 3:55am On Feb 21 |
Owo mida geng 2 Likes |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by Ofunaofu: 4:30am On Feb 21 |
Tinubu regime will certainly be the most corrupt government in the history of this country Who owns Penstock Limited Why was Mainstream Energy Solutions Limited, the preferred bidder bypassed Penstock Limited never participated in the bidding process but today they are being handed over the Zungeru power plant that they never bidded for. 16 Likes |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by PureFace1(m): 4:32am On Feb 21 |
BigIyanga: The wealthy get it by hook or crook all over the world. You want to use 24/7 power and want the government to keep subsidizing power The remaining 75% is part of the debt Nigeria have to repay in the future plus the money for subsidizing power while revenue from Crude Oil that's Nigeria cash cow decrease. If you have sense you will know that it is just a matter of time before it dry up when debts and subsidy in power, fuel , education etc piled up. 1 Like |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by bigdammyj: 4:39am On Feb 21 |
Noted. |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by malali: 4:43am On Feb 21 |
National Assets like this should |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by Rubyjade: 5:06am On Feb 21 |
A cronies of the people in power. Bankowner: 1 Like 1 Share |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by Babangidapikin: 5:07am On Feb 21 |
So you are saying the three preferred bidders didn't meet the criteria abi you just wasted their time and gave it to whom you want. If they sue us now, it's Nigeria money you would use to compensate them ... 6 Likes |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by BigIyanga: 5:20am On Feb 21 |
PureFace1:If you have sense, you would know that our money was used to build that project that iis 25% and we also guarantee the loan 100%. What do we get in return nothing. Is there like soveriegn trust fund where our 25% of profits would be paid into? But cronies/investors will take 100%. Just like Dangote Refinery where we invested like $4bn with no ROI and also sold him FX at discounted official rate. Naija govt distributes pains and losses to masses … but passes on profits and ownership to buddies and crony capitalists . What does Naija govt subsidize for poor Nigerians? Nothing 8 Likes 1 Share |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by Faiththatworks(m): 5:24am On Feb 21 |
Hi |
Re: FG Hands Over Zungeru Power Plant To Concessionaire by godofuck231: 5:33am On Feb 21 |
Ok aso rock is next , hand over the rock to fulani bandits its safer |
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