Friday, July 28, 2006

Aba (Nnaji's) Power Project Moves Forward

World Bank, firm partner on Aba power project

THERE are indications that the unstable power supply in the country may soon abate.
Reason: The Aba Clean Energy Carbon. (Private power project) contract was recently signed by the World Bank and Geometric Power Limited, the initiator of the project.
The Independent Power Project (IPP) has joint sponsorship from the World Bank, Community Development Carbon Fund (CDCF) and other environmental-friendly bodies.
In a statement, Chairman and Chief Executive Officer of Geometric Power Limited, Prof. Bart .O. Nnaji, said "the goal of the Geometric Power Limited as the main developer and sponsor of the project is to deliver electricity to consumers with the same availability and reliability as in developed countries.
He added: "We plan to achieve this through first class engineering design of the power plant and distribution networks and through World class management".
Speaking in the same vein, World Bank Country Director for Nigeria, Hafez Ghanem said: "This is a significant investment under Nigeria's new Power Act. We hope that the Aba project will be a prototype of how to stimulate growth and opportunities for Nigerians while projecting the local and global environment".
Also, Solomon Adegbie-Quaynor, the International Finance Corporation's (IFC) Country Manager for Nigeria said: "The Aba Clean Energy Carbon Project is a good example of how the World Bank group proactively supports project development in key sectors such as infrastructure and seeks to broaden support of local and national enterprises."
The 120 megawatt Aba energy project will construct an efficient, gas fired power plant, which will displace the electricity and steam currently being generated by industrial and large businesses in Aba.
Also, the project will introduce an efficient co-generation unit that will reduce Green House Gases (GHG) emissions that are responsible for climate change.
It will also have dual-free turbines that will solely use national gas backed up by diesel facilities in case of gas pipeline interruption.

Wednesday, July 19, 2006

Africa's Coolest Blog

Check this thinks it is terrific (was that good English?) - celebrating Africa...

Wednesday, July 12, 2006

Tuesday, July 11, 2006

It's how much you keep

The Debt Diet is a series on the Oprah Winfrey show every weekday this week.
I just caught some of Part II today. It's pretty good, and even if you don't owe, it gives some tips for tracking and controlling spending.
If you're dying to see everything together, the five-part series is on DVD for sale at for a lot of money.

Previously on UpNaira