Sunday 7 May 2017

ON COAL IN NIGERIA - I COULD SEE THE TREND AND THOUGHT I GOT IT ALL FIGURED OUT - WRONG.

However I have found the speed of the transition away from coal most bewildering. The sad thing is that Nigeria, unlike South Aftica, never rode the coal wave. As we wake up from our five decades long slumber, almost nobody wants to discuss coal any longer in a power plant application. Not US-EXIM, not the World Bank or any European financial institution. I envisage a situation whereby the Chinese and Indians will succumb to pressure from bigger allies and multilateral institutions and demure at collaborating with Nigeria on coal power. How sad. We missed our chance, the train and the boat!
Economic and technical imperatives - AVAILABILITY, PRICE, "CLEANNESS"

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