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Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by ogb5(m): 10:21pm On Feb 11, 2015
Voting in knowledgeable people is one of the beauty of democracy. This has been well developed by the advanced democracies in the west. To ensure that the nation elects the right people with the right skills, experience and qualifications, politicians are normally grilled on a range of subjects to gauge their understanding of the issues affecting their countries or constituency as the case may be.

In this vein looking at the power policy thrust of the APC as being put forward by no other person than their vice presidential candidate bring to fore some gross deficiency in the policy of the APC on power and shows that professor Osinbajo does not know what power generation entails.

The APC vice has consistently said that their government will improve power supply, the question is how will they do that.
The answer to the question of 'how' was answered by Osinbajo on Tuesday in Ondo during a town hall session. This is what he had to say.

1. They will decentralise power generation.
2. The decentralised power plants will have gas supplied to them by trucks instead of pipelines
3. They will copy the model of power plants already established in Lagos state.

herein lies the ignorance of the professor, also hidden in the rhetoric of the professor is the avenue for looting the treasury.
1. Power generation has been decentralised. Anyone, be it federal government, state government, local government or private companies can now set up power generation plant and sell such produced power as they deem fit. So Osinbajo should tell us something different.

2. Technically you can not supply a power plant like the one in Lagos with gas using trucks. This simply mean the professor and those formulating his policy on power generation knows nothing about power generation. The Lagos plant uses natural gas, that is another theme for methane gas. Industrially methane has 2 means of being transported, by pipelines when the point of use is less than 5,000 km and as liquefied natural gas by ships followed by re gasification when the point of use is more than 5, 000 km from the point of production. The gas supplied by trucks is liquefied petroleum gas (LPG) used for domestic cooking. No country in the world bases her power generation on LPG. Moreover Nigeria does not have the facility to produce adequate LPG to cater for domestic cooking, so using LPG for power generation is out of the question. So Osinbajo promising to supply gas to power plants with trucks is simply talking about something that is not possible.

3. Osinbajo promised to model his modular power plants after the Lagos power plant. Simply put, the Lagos power plant is among the most expensive gas fired power plant in the world. The Ikeja modular power plant has an installed capacity of 10 megawatts and was built at a cost of 3.2 billion Naira. That was equivalent to about 2 billion usd per gigawatt of electricity. Globally the benchmark cost for gas fired power plants is 1 billion usd per gigawatt of electricity, the Ikeja plant cost twice the global benchmark for such plants. By planning to go with the Lagos model, Osinbajo is telling us the will deliver power at twice the global benchmark cost, and at a cost far higher than the current government is delivering power projects. Several gas fired power plants delivered by the current government in the last 4 yrs were delivered at less than 1 . 3 billion usd per gigawatt.

So Osinbajo has no clue about power generation, he is simply spooling out impossible promises to confuse the electorates. Worse part is that he is a pastor that is supposed to stand by the truth, how will he face God at the end of the day after telling blatant lies on the campaign trail.

http://www.punchng.com/news/apc-will-slash-tariffs-on-imported-cars-osinbajo/

56 Likes 12 Shares

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by Nobody: 10:25pm On Feb 11, 2015
tooooo long!!!

what's the point pls?
Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by Nobody: 10:25pm On Feb 11, 2015
your heading said Asinbajo?? so who is the ignorant person here?? you or a whole prof? ooooolooodoooo

13 Likes

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by thaoriginator: 10:27pm On Feb 11, 2015
Another r'etarded junkie on the loose undecided

4 Likes

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by kay1one2(m): 10:31pm On Feb 11, 2015
The man will supply gas to power stations using trucks! See ode!

18 Likes

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by Firefire(m): 10:32pm On Feb 11, 2015
Osinbajo promised to model his modular power plants after the Lagos power plant. Simply put, the Lagos power plant is among the most expensive gas fired power plant in the world. The Ikeja modular power plant has an installed capacity of 10 megawatts and was built at a cost of 3.2 billion Naira. That was equivalent to about 2 billion usd per gigawatt of electricity. Globally the benchmark cost for gas fired power plants is 1 billion usd per gigawatt of electricity, the Ikeja plant cost twice the global benchmark for such plants. By planning to go with the Lagos model, Osinbajo is telling us the will deliver power at twice the global benchmark cost, and at a cost far higher than the current government is delivering power projects. Several gas fired power plants delivered by the current government in the last 4 yrs were delivered at less than 1 . 3 billion usd per gigawatt.



I shake my head for whoever that still believe in this fraudsters undecided

34 Likes 5 Shares

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by talktimi(m): 10:36pm On Feb 11, 2015
cheesy hehehehehehe I never even talk go far. Musiwa was right all this while about Osinbajo grin

14 Likes 1 Share

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by kolaaderin: 10:41pm On Feb 11, 2015
kay1one2:
The man will supply gas to power stations using trucks! See ode!

And u have never seen a gas truck. Geeeez clueless at pick.

4 Likes 1 Share

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by GiantParrot(m): 11:01pm On Feb 11, 2015
thaoriginator:
Another r'etarded junkie on the loose undecided

If it is the OP you're referring to, then your kind are meant to be pitied. Hopefully you'll grow up in time to realize that the extant laws of nature do not pander to political opinions or interests. The OP has stated well reasoned facts from a technical and practical view point, and you decide to run out your hole to embarrass yourself. If it is Osinbajo you're referring to however, you still need to be pitied a little because this is a case of the man being adviced wrongly. He doesn't deserve to be insulted so badly for that.

@OP, I knew the Osinbajo guy needs to sack whoever is advising him on power the very moment he opened his mouth to say they'll generate 20,000MW in 4 years. Except they have a secret lab where they discovered new technology that will greatly reduce the time spent on feasibility studies, before even talking of design and construction. He will do himself a great favor if he remains silent on power until he gets better informed on practical limitations that border on engineering and economics.

39 Likes 7 Shares

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by Specialist900(m): 11:24pm On Feb 11, 2015
I've said these people are only promising, they don't know jack how to achieve it. Transporting gas to power plants by trailers/tankers. Wahala dey o

15 Likes

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by maestroferddi: 11:35pm On Feb 11, 2015
I ended shouting myself hoarse trying to educate some ignorant APC supporters in another thread about Prof Osinbajo's inanities on power supply.

Could somebody tell Prof Osinbajo to stick to what he knows and stop embarrassing himself in technical issues on which he manifestly has no clue?

11 Likes

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by Nobody: 11:42pm On Feb 11, 2015
@Op please change his name to Osinbajo from Asinbajo

Anyways, it is no longer news that the APC presidential team is made up of two ignorant old men.

1. First of all, the APC manifesto looks like a love letter. It is utterly baseless and filled with bogus promises. BusinessDay calculated how much it would cost to implement the budget and it amounted to 53 trillion in the next four years. The APC "technocrats" have not told us where the money would come from. In one of his columns, Tinubu suggested that the APC will print money to implement their programs - that means, the APC wants to print about 20 trillion naira over the next four years. . .

2. Buhari said he will stabilise crude oil prices - another bogus and jocular statement that reeks of ignorance and mental instability

3. Buhari said he will a refinery in Lagos - Dangote's refinery in Lagos will begin operations in 2017.

4. Buhari wants to bring back Nigeria airways under a federal government management - another bad idea judging from history


Buhari and Osinbajo are out of touch with globalization and current economic, financial and government practices.


Voting for them will be a very big mistake

33 Likes 5 Shares

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by Ovamboland(m): 11:46pm On Feb 11, 2015
ogb5:
Voting in knowledgeable people is one of the beauty of democracy. This has been well developed by the advanced democracies in the west. To ensure that the nation elects the right people with the right skills, experience and qualifications, politicians are normally grilled on a range of subjects to gauge their understanding of the issues affecting their countries or constituency as the case may be.

In this vein looking at the power policy thrust of the APC as being put forward by no other person than their vice presidential candidate bring to fore some gross deficiency in the policy of the APC on power and shows that professor Osinbajo does not know what power generation entails.

The APC vice has consistently said that their government will improve power supply, the question is how will they do that.
The answer to the question of 'how' was answered by Osinbajo on Tuesday in Ondo during a town hall session. This is what he had to say.

1. They will decentralise power generation.
2. The decentralised power plants will have gas supplied to them by trucks instead of pipelines
3. They will copy the model of power plants already established in Lagos state.

herein lies the ignorance of the professor, also hidden in the rhetoric of the professor is the avenue for looting the treasury.
1. Power generation has been decentralised. Anyone, be it federal government, state government, local government or private companies can now set up power generation plant and sell such produced power as they deem fit. So Osinbajo should tell us something different.

2. Technically you can not supply a power plant like the one in Lagos with gas using trucks. This simply mean the professor and those formulating his policy on power generation knows nothing about power generation. The Lagos plant uses natural gas, that is another theme for methane gas. Industrially methane has 2 means of being transported, by pipelines when the point of use is less than 5,000 km and as liquefied natural gas by ships followed by re gasification when the point of use is more than 5, 000 km from the point of production. The gas supplied by trucks is liquefied petroleum gas (LPG) used for domestic cooking. No country in the world bases her power generation on LPG. Moreover Nigeria does not have the facility to produce adequate LPG to cater for domestic cooking, so using LPG for power generation is out of the question. So Osinbajo promising to supply gas to power plants with trucks is simply talking about something that is not possible.

3. Osinbajo promised to model his modular power plants after the Lagos power plant. Simply put, the Lagos power plant is among the most expensive gas fired power plant in the world. The Ikeja modular power plant has an installed capacity of 10 megawatts and was built at a cost of 3.2 billion Naira. That was equivalent to about 2 billion usd per gigawatt of electricity. Globally the benchmark cost for gas fired power plants is 1 billion usd per gigawatt of electricity, the Ikeja plant cost twice the global benchmark for such plants. By planning to go with the Lagos model, Osinbajo is telling us the will deliver power at twice the global benchmark cost, and at a cost far higher than the current government is delivering power projects. Several gas fired power plants delivered by the current government in the last 4 yrs were delivered at less than 1 . 3 billion usd per gigawatt.

So Osinbajo has no clue about power generation, he is simply spooling out impossible promises to confuse the electorates. Worse part is that he is a pastor that is supposed to stand by the truth, how will he face God at the end of the day after telling blatant lies on the campaign trail.

http://www.punchng.com/news/apc-will-slash-tariffs-on-imported-cars-osinbajo/


Op your analysis is wrong there is something called CNG (compressed natural gas) supplied by trucks from Sango-otta,Ogun state to factories in Ibadan and to Lagos IPPs in Akute

Such plants are quick to deliver once the basic dsign is done it can be adapted with detailing to different locations and constructed and commissioned in 1 year maximum, imagine towns like Ikire, Umudike, Kotangora, Aramoko, having 10MW plants each with 320Bn naira only, 100 small towns will have constant power so farmers, artisans, and produce processing can be started without waiting for laying expensive and time consuming pipelines and high tension cables and step down transformers.

The professors idea is actually a brillant quick fix to provide power quickly country wide while waiting for the natural gas pipeline reaches the towns and then you can such town off truck supply and shorten the CNG transport distance by compressing gas at the nearest reach of the pipeline. This can continue until the national grid pipeline network reaches at least the towns and cities and the cost of compression and trucking will stop. This will be far cheaper than petrol and diesel generator we currently depend on.

I should know because i prepared a technical bid for the design and construction one of the Lagos IPPs.

As regards the cost, a small plant will cost a bit more than a larger plant simply because of economy of scale, simple economics, but in the context of the decentralized plan, you will make up from savings on transmission cost over long distances, heavy duty switches, circuit breakers and transformers. And minister of power just this week announced that he needs $2Billion to generate 1 MW!!!

Always do your research very well before you riducle yourself in a public forum

28 Likes 1 Share

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by Nobody: 11:50pm On Feb 11, 2015
Well... Our Engineers and Physicists

1 Like

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by Nobody: 11:54pm On Feb 11, 2015
Ovamboland:


Op your analysis is wrong there is something called CNG compressed natural gas supplied by trucks from sango-otta,Ogustate to factoriesin Ibadan and to Lagos IPPs inAkute and Such plants are quick to deliver imagine towns like Ikire, Umudike, Kotangora, Aramoko, having 10MW plants each with 320Bn naira only 100 small towns will have constant power so farmers, artisans, andproduce processing be started without waiting for laying expensive and timconsuming pipelines and high tension cables a stepdown transformers . I should know because i prepared a technical bid for the design and construction one of the Lagos IPPs

Dude, CNG's are not used for power generating plants. It is not feasible!

18 Likes

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by Nobody: 11:58pm On Feb 11, 2015
This is what Osinbajo said
What we will do first is to fix power and encourage local production of cars. But before then we will reduce the high tariffs that Nigerians are paying to import vehicles into the country.”

grin grin grin Professor Ignoramus

11 Likes

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by GiantParrot(m): 12:05am On Feb 12, 2015
Ovamboland:


Op your analysis is wrong there is something called CNG compressed natural gas supplied by trucks from sango-otta,Ogustate to factoriesin Ibadan and to Lagos IPPs inAkute and Such plants are quick to deliver imagine towns like Ikire, Umudike, Kotangora, Aramoko, having 10MW plants each with 320Bn naira only 100 small towns will have constant power so farmers, artisans, andproduce processing be started without waiting for laying expensive and timconsuming pipelines and high tension cables a stepdown transformers . I should know because i prepared a technical bid for the design and construction one of the Lagos IPPs

It will be very interesting to know your background. I wonder why you would think the same ideas that produce the meager 10MW you talked about would automatically apply to generating thousands of megawatts for a whole country. It seems you fail to realize that your "solution" costs a whooping N32b/MW while the OP talked about $1.3b/GW which translates to N208M/MW before the November 2014 devaluation (exchange rate of 160). This means your costs are 15300% more expensive. Now imagine bearing 15300% more than the current generating costs to generate power at thousands of megawatts. I'm pretty sure you would have to sell all of Nigeria to fund that. By the way I can see more holes in your argument that I don't have the patience to point out now. This should suffice.

10 Likes

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by Ovamboland(m): 12:06am On Feb 12, 2015
J12:


Dude, CNG's are not used for power generating plants. It is not feasible!

Mr. , educate yourself, CNG is currently used in Akute and Marina IPP, also in a number of factories in Ibadan, study to know, it is free of charge. (see modified post above for more info).

I personally prepared proposals for design of IPP's powered with CNG!!

http://www.energydevelopments.com.au/01_cms/details.asp?ID=86

Energy Developments will continue to pursue opportunities to assist customers to switch from diesel fuels to LNG and CNG as a viable, alternative long-term energy source for power generation and transport

11 Likes 1 Share

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by meccuno: 12:11am On Feb 12, 2015
Kingofdevils:
What do you expect from the vice of a person that will stabilise world oil price grin
Lolz.....That was the last straw$$$ hehehehe

3 Likes

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by Nobody: 12:14am On Feb 12, 2015
Ovamboland:


Mr. , educate yourself, CNG is currently used in Akute and Marina IPP, also in a number of factories in Ibadan, study to know, it is free of charge. (see modified post above for more info).

I personally prepared proposals for design of IPP's powered with CNG!!

CNG's are mostly used for automobiles. I'm yet to see where they are used for power generating plants. I'll crosscheck your claim on the marina and akute IPPs and get back to you.


...The Island Power Project remains the fastest executed (9 months) and one of the most successful Independent Power Projects in Nigeria. The project is a Public Private Partnership (PPP) between LASG and Island Power Limited (IPL). The project currently supplies power to General Hospital, Lagos (Including the Mortuary & Doctors quarters), Island Maternity Hospital, Lagos State Health Service Commission, High Court of Lagos State, High Court of Lagos State Annex, Igbosere Magistrate Court, Lagos House Marina, E-learning Centre, Lagos City Hall, Freedom Park and public lighting installations on 22 Streets within Lagos Island. The project also includes an 18-km dedicated underground distribution network which guarantees power delivery to these public infrastructure targets all being powered using Compressed Natural Gas (CNG). The Island Power Project has drastically improved the reliability of power supply to the named facilities from 35% to 99.4%, provided constant ...

1 Like 1 Share

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by Dewze(m): 12:16am On Feb 12, 2015
These are the kinds of discussion I want to continue to see on NL politics section, not one filled with abuses and campaign slogans. Pls, barcanista tell that originator street tout to stay clear of threads like this, I know he is one of you.

3 Likes 1 Share

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by Ovamboland(m): 12:31am On Feb 12, 2015
J12:


CNG's are mostly used for automobiles. I'm yet to see where they are used for power generating plants. I'll crosscheck your claim on the marina and akute IPPs and get back to you.

Check your facts well for your information i am a rotating equipment engineer, those plants only use diesel in emergency to power few generators when CNG is not delivered

6 Likes

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by mentorandfriend(m): 12:41am On Feb 12, 2015
ogb5:
[s]Voting in knowledgeable people is one of the beauty of democracy. This has been well developed by the advanced democracies in the west. To ensure that the nation elects the right people with the right skills, experience and qualifications, politicians are normally grilled on a range of subjects to gauge their understanding of the issues affecting their countries or constituency as the case may be.

In this vein looking at the power policy thrust of the APC as being put forward by no other person than their vice presidential candidate bring to fore some gross deficiency in the policy of the APC on power and shows that professor Osinbajo does not know what power generation entails.

The APC vice has consistently said that their government will improve power supply, the question is how will they do that.
The answer to the question of 'how' was answered by Osinbajo on Tuesday in Ondo during a town hall session. This is what he had to say.

1. They will decentralise power generation.
2. The decentralised power plants will have gas supplied to them by trucks instead of pipelines
3. They will copy the model of power plants already established in Lagos state.

herein lies the ignorance of the professor, also hidden in the rhetoric of the professor is the avenue for looting the treasury.
1. Power generation has been decentralised. Anyone, be it federal government, state government, local government or private companies can now set up power generation plant and sell such produced power as they deem fit. So Osinbajo should tell us something different.

2. Technically you can not supply a power plant like the one in Lagos with gas using trucks. This simply mean the professor and those formulating his policy on power generation knows nothing about power generation. The Lagos plant uses natural gas, that is another theme for methane gas. Industrially methane has 2 means of being transported, by pipelines when the point of use is less than 5,000 km and as liquefied natural gas by ships followed by re gasification when the point of use is more than 5, 000 km from the point of production. The gas supplied by trucks is liquefied petroleum gas (LPG) used for domestic cooking. No country in the world bases her power generation on LPG. Moreover Nigeria does not have the facility to produce adequate LPG to cater for domestic cooking, so using LPG for power generation is out of the question. So Osinbajo promising to supply gas to power plants with trucks is simply talking about something that is not possible.

3. Osinbajo promised to model his modular power plants after the Lagos power plant. Simply put, the Lagos power plant is among the most expensive gas fired power plant in the world. The Ikeja modular power plant has an installed capacity of 10 megawatts and was built at a cost of 3.2 billion Naira. That was equivalent to about 2 billion usd per gigawatt of electricity. Globally the benchmark cost for gas fired power plants is 1 billion usd per gigawatt of electricity, the Ikeja plant cost twice the global benchmark for such plants. By planning to go with the Lagos model, Osinbajo is telling us the will deliver power at twice the global benchmark cost, and at a cost far higher than the current government is delivering power projects. Several gas fired power plants delivered by the current government in the last 4 yrs were delivered at less than 1 . 3 billion usd per gigawatt.

So Osinbajo has no clue about power generation, he is simply spooling out impossible promises to confuse the electorates. Worse part is that he is a pastor that is supposed to stand by the truth, how will he face God at the end of the day after telling blatant lies on the campaign trail.

http://www.punchng.com/news/apc-will-slash-tariffs-on-imported-cars-osinbajo/[/s]

Rubbish post. He is a lawyer, a Senior Advocate of Nigeria for that matter. The best hands in energy and power shall be engaged when APC wins. A strong leadership laced all round with integrity and vision shall lead the way. GMB/Osinbajo things; so take a chill pill.

4 Likes

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by Nobody: 12:49am On Feb 12, 2015
Ovamboland:

Check your facts well for your information i am a rotating equipment engineer, those plants only use diesel in emergency to power few generators when CNG is not delivered

I've checked and you're right about the Marina IPP using CNG.

Howver, you can appreciate that Osinbade's plan is unfeasible because
1. Osinbajo wants to create modular power plants all over Nigeria.
2. Transporting CNGs through trucks to all modular power plants will an exhaustive load of resources.
3. Modular power plants are expensive to maintain and they don't last long.
4. It is finacially not feasible to use those type of power plants for our electricity needs.

Under the marina IPP, an 18km pipeline was constructed to feed the plant with constant gas supply. CNG's can't go farer in a pipeline. Which was why I initially doubted if they were used for power plants.
Also, the marina and akute IPP generate only 10mw each.

3 Likes

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by nzeadachie: 12:49am On Feb 12, 2015
THE MAN IS A DISGRACE TO RCCG

10 Likes 2 Shares

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by Nobody: 12:52am On Feb 12, 2015
mentorandfriend:
Rubbish post. He is a lawyer, a Senior Advocate of Nigeria for that matter. The best hands in energy and power shall be engaged when APC wins. A strong leadership laced all round with integrity and vision shall lead the way. GMB/Osinbajo things; so take a chill pill.

He's an ignorant lawyer. The best hands are with the present government, we want them to continue.

16 Likes 1 Share

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by VolvoS60(m): 12:53am On Feb 12, 2015
Dewze:
These are the kinds of discussion I want to continue to see on NL politics section, not one filled with abuses and campaign slogans.

^^^
Well said.

3 Likes

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by mentorandfriend(m): 12:53am On Feb 12, 2015
J12:
[s]

He's an ignorant lawyer. The best hands are with the present government, we want them to continue.[/s]
Lol
Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by VolvoS60(m): 12:59am On Feb 12, 2015
mentorandfriend:
Rubbish post. He is a lawyer, a Senior Advocate of Nigeria for that matter. The best hands in energy and power shall be engaged when APC wins. A strong leadership laced all round with integrity and vision shall lead the way. GMB/Osinbajo things; so take a chill pill.


^^^^
Very poor response. This thread has been remarkably focused on the issues that matter, and the posters here clearly have a technical background and some experience in the power sector. The posts here have been long on detail, which is what Nigerians require. No unnecessary, empty rhetoric. More threads should be like this.

Osinbajo is only a man. His being a lawyer and a SAN have nothing, absolutely nothing to do with the key issues being discussed here. If his plan for the power sector has holes, are you saying these holes shouldn't be pointed out? undecided

12 Likes

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by dguyindcorner(m): 1:05am On Feb 12, 2015
[s]
Firefire:
Osinbajo promised to model his modular power plants after the Lagos power plant. Simply put, the Lagos power plant is among the most expensive gas fired power plant in the world. The Ikeja modular power plant has an installed capacity of 10 megawatts and was built at a cost of 3.2 billion Naira. That was equivalent to about 2 billion usd per gigawatt of electricity. Globally the benchmark cost for gas fired power plants is 1 billion usd per gigawatt of electricity, the Ikeja plant cost twice the global benchmark for such plants. By planning to go with the Lagos model, Osinbajo is telling us the will deliver power at twice the global benchmark cost, and at a cost far higher than the current government is delivering power projects. Several gas fired power plants delivered by the current government in the last 4 yrs were delivered at less than 1 . 3 billion usd per gigawatt.



I shake my head for whoever that still believe in this fraudsters undecided
[/s]

2 Likes

Re: Ignorant APC Vice Prof. Osinbajo Does Not Know Gas by dguyindcorner(m): 1:05am On Feb 12, 2015
Firefire:
Osinbajo promised to model his modular power plants after the Lagos power plant. Simply put, the Lagos power plant is among the most expensive gas fired power plant in the world. The Ikeja modular power plant has an installed capacity of 10 megawatts and was built at a cost of 3.2 billion Naira. That was equivalent to about 2 billion usd per gigawatt of electricity. Globally the benchmark cost for gas fired power plants is 1 billion usd per gigawatt of electricity, the Ikeja plant cost twice the global benchmark for such plants. By planning to go with the Lagos model, Osinbajo is telling us the will deliver power at twice the global benchmark cost, and at a cost far higher than the current government is delivering power projects. Several gas fired power plants delivered by the current government in the last 4 yrs were delivered at less than 1 . 3 billion usd per gigawatt.



I shake my head for whoever that still believe in this fraudsters undecided

King of scammers

God bless PYO


we say let's have 24/7 electricity and we'd pay 6k for bill.

4 Likes

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