Electricity is the key to the growth and potential of any country. Statistics, however, have shown time and again that some people do not have access to electrical power. This number has been and is still growing. A good example is countries in Africa. These are developing countries which lack the necessary technology to exploit natural resources which could generate electrical energy.
In a country like Nigeria, there is abundance of natural gas as feedstock, but at the end of the day, only less than half of the population has access to a stable supply of electricity. The reason for this is mainly due to the fact that majority of developing countries often rely on costly and inefficient substitute power generation systems.
The Gigajoule solution.
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This is a project that looks to solve the issue of insufficient electricity flow through creating fully operational, gas-based power plants which will be floating on barges. The platform will integrate the Internet of Things (IoT) and blockchain technologies which are usually associated with efficiency and very high-quality services.
What Gigajoule offers:
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THE GIGAJOULE SOLUTION
Floating Power Plants (FPPs)
Natural gas-based power generation
Gas turbines mounted on barges
Can be deployed wherever there is access to the sea
Positioned in lagoons, rivers or harbours
Coupled to natural gas supply and the national transmission system
Natural Gas as Feedstock
Cleanest of all carbon-based energy sources
Gas associated with oil production (as in Nigeria) or LNG (Liquid Natural Gas)
Siemens SGT-A65 Gas Turbines
State-of-the-art turbine technology
Aeroderivative engines
Modularized with generators and mounted in pairs on barges
Benefits of the Gigajoule project.
The floating power plants can be easily transported by river or sea to the locations where there is an urgent need for electrical power such as developing countries.
🔗 The power plant will be powered by natural gas which is in abundance as well as Liquid Natural Gas if the need arises.
🔗 The floating power plants will be using aircraft engine technology which is developed under the highest standards for efficiency and reliability.
🔗 The entire project is eco-friendly as it utilizes natural gas which is the cleanest source of carbon-based fuel. The environment will not be polluted, thus greener earth.
🔗 The floating power plants will have a guaranteed lifespan of over twenty years of performance, with over 95% availability provided by Siemens.
🔗 The plants can be supplied in both closed or open cycle to maximize the efficiency in operation.
APPLICATIONS
Immediate
Gigajoule is ready to implement three projects of 528MW each at various sites in Southern Nigeria, in close proximity to gas supply and electricity evacuation infrastructure.
Significant work has been completed at each of these sites to secure power generation licenses, confirmation of gas supply and electricity evacuation transmission studies.
Additional work includes preliminary environmental approvals, floating plant and infrastructure design work, economic viability confirmation and the necessary precursor negotiations to secure the Power Purchase Agreement with the Federal Government.
Project funding is achieved by utilizing the following credit enhancements:
World Bank Partial Risk Guarantee
Siemens full Operating, Maintenance and Performance Warranty
Lloyds of London Insurance
This amounts to over 1500MW installed capacity at a project cost of US$1.4bn (net) which is externally financed.
Future
In Nigeria alone there is immediate demand for another 10 000MW
In the rest of Africa, immediate demand is 20 000MW
Globally, excluding Africa, demand is estimated at another 30 000MW
Potential
Desalination plants for fresh water supply
Mini-refineries to produce diesel and petroleum products from traditionally uneconomic oil fields
THE GIGAJOULE TOKEN
An initial exchange offering (IEO) will be conducted to finance the implementation of the Gigajoule project. A digital token named the Gigajoule (GIGJ) will be issued.
In contrast with most ICOs and IEOs, the GIGJ token will not be a simple utility token, exchangeable for goods or services to be produced in the future. Rather, the GIGJ token is structured as a security: token holders will benefit from the success of the project.
GIGJ token holders will be entitled to receive an annual dividend of 15% of the profits generated by the Gigajoule project, in proportion to their number of tokens.
IEO SPECIFICATIONS
ROADMAP
EXECUTIVE TEAM
This is a project which should be effective as soon as possible as it will boost the productivity of developing countries by a very large percentage. Electricity is a vital resource for mere survival as well as nearly all development activities of any nation. Gigajoule is the ultimate solution to end the electricity issue plaguing the majority of developing countries.
To get clearer and more accurate information please visit the link below:
🔗 WEBSITE: https://gigajoule.io/
🔗 WHITEPAPER: https://secureservercdn.net/160.153.137.210/d37.ba6.myftpupload.com/wp-content/uploads/2019/09/Gigajoule-Whitepaper-v9.pdf
🔗 TWITTER : https://twitter.com/GigajouleT
🔗 FACEBOOK: https://www.facebook.com/gigajouletoken
🔗 TELEGRAM: https://t.me/Gigajoule_group
★ Author: Aqib Sarwar
★ BitcoinTalk UserName : aqib_28
★ BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=2525223
★ ETH address : 0x34EF818D99e1C8686558a0F0025253C4Cd0520d5
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