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Chapter 95 Selfishness

Abacha also followed Cao Mo and Stali secretly to Catero overnight, moved into Ochosan's private residence in Catero, and waited for senior officials from Oman United Bank to come over to meet.

Ochosan's wife is a kind woman of three-quarters of Italian descent and a descendant of the colonists in Kanem.

Their house in Catero is a very beautifully decorated courtyard.

The Ochosans and his wife had not had a high teaching income at the Oyo State College, but they were people who knew how to clean up their lives.

Be careful, Stali should not appear in public, so Cao Mo and the others spent a night at Ochosan's house. At noon the next day, senior officials from Oman United Bank rushed to Catero and also met at Ochosan's house.

As the custodian of the Stali Private Trust, Oman United Bank is an ancient financial institution that has been building its foundation in Kanem Draculamo since the colonial period.

In the 1980s, the military government of Kanem ordered the detention of staff from the United Bank of Oman in Dracula and demanded the freezing of assets of descendants of the colonists.

United Bank of Oman eventually resisted the pressure and was therefore highly trusted by the descendants of the colonists.

A series of legal documents were signed secretly. As Stali's senior private consultant and entrustrator, Cao Mo was responsible for the construction and operation of the two hydropower stations in the upper reaches of the Raven River, but Oman United Bank will also serve as the custodian of the trust fund.

On the surface, it became a funding from Oman United Bank, entrusting Cao Mo to be responsible for the construction and operation of the two step hydropower stations in the Gray Ya River.

As the third tributary of the Lujiaochuan River, the Gray Jaw River has a drop of more than 200 meters above sea level in Kanem. It is possible to build multiple small step-type hydropower stations at the same time to fully explore and utilize hydropower resources.

At present, the upper reaches of the Raven River will be funded by Oman United Bank and Philips Electric Power Company to build three ladder hydropower stations with a total annual power generation capacity of 50 to 55 million kWh of electricity.

With such a foundation, Abacha and the Felician family jointly acquired 51% of the equity of Sika Edate Electric Power Company, and at the same time split up and formed a new Sika Edate Electric Power Company, inviting more investors to invest in the power grid company and participate in the construction of the Longta-Dracula transmission grid, which has completely paved the way.

As a supplementary condition, it is the newly established power grid company, and signed an agreement to agree that the Filichian family power company will have the power to independently build a transmission network in the Longta area east of Ipogu.

Cao Mo did this to ensure that if he wanted to build a large modern cement plant south of the Gray Crow River and east of Lake Conelo in the future, it could be directly powered by the hydropower station under the Felician family power company, and there was no need to be severely peeled off by Sika Eddite Power Grid Company from the middle.

Abacha also breathed a sigh of relief, hoping to seek justice from the Jeddam family.

In order to ensure that the construction of the transmission grid is attractive enough, in addition to Sika Eddit Electric Power Company, which owns a 20% stake in the new grid company with its power grid franchise, he negotiated with Ochosan that the two companies injecting new funds into the new grid company were limited to US$200,000, each with 10% of the shares.

In this way, the new power grid company will leave 60% of the fundraising space to attract new investors.

After the specific plan was negotiated, Ochosan took his daughters Lily, Stali and Lucy directly from Cartero to Benin that night.

Cao Mo also planned to return to Longta with Abacha overnight.

"Wait..." Stali saw Cao Mo about to get in the car, so she ran over and hugged him tightly, and said in his ear, "You go back to China, remember to come to see me..."

"You are my boss now. If I return to China, how dare I not see you?" Cao Mo felt that Stali was a grateful hug, and was embarrassed to put her hand on her plump little buttocks.

Seeing Stali getting into the car, Cao Mo also opened the car door and got into the car, but Abacha punched him hard on the shoulder: "The gun stock on my forehead cannot be vain!"

"I'm just a hug of thanks, but I didn't get anything..." Cao Mo covered his shoulder that was hurt by Abacha and said aggrievedly.

"Then I don't care. It's your problem if you can't get it in the end." Abacha said roguely.

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Ochosan attended the three-day academic conference and took Lily back to Catero. They kept Lucy with him in Benin until Starry successfully traveled from Benin to China.

At this time, Cao Mo accompanied Abacha to return to Cartero and went to visit Oyo State Governor Blake with Ojosan.

Blake was the first politician to ensure they were able to join the new grid company.

Obviously, without Blake's participation, Abacha and Ochosan's portions were still too lighter.

Even if two or three families who can compete with the Jeddam family in political status can be convinced to participate, Abacha will not be able to seize the actual operating rights of the power grid company without the equal strength to compete with him.

Once the actual operating rights of the power grid company and the control rights change hands, will these two families turn around and expel him and the Felician family to exclusively occupy the power grid company, and even they cooperate with the Jeddam family and treat this place as a fool, which is completely unpredictable.

This can only be avoided by inviting Blake and his family to participate in the new grid company.

In addition to having close personal relationships with Ochosan Felician Jr., Governor Blake has deep-rooted roots in Oyo State and Kanem.

In addition to owning large oil palm plantations in Oyo State, the Blake family also owns shares in several natural gas mining companies in Kanem.

During previous contact, Blake expressed his hope to cooperate more closely with Dongsheng in oil palm plantations and palm oil crude squeeze exports.

At least in the news, Blake and his family are still more reliable than the Jeddam family.

Of course, the investment that the power grid company has allocated to the Blake family is only 20% or 400,000 US dollars.

As long as the Blake family always supports Abacha as chairman of the board of directors of the power grid company, Abacha also guarantees in his private name that the dividends that the Blake family can take from the power grid company will not be less than 200,000 US dollars each year.

No matter how eager you are to make quick success and instant benefits, the annual guaranteed dividend of 50% is considered to be tempting enough.

What else can Blake hesitate about such an investment?

Blake's only requirement is that new investors should be selected from the patriotic construction front as much as possible.

No matter how bad new investors are, they cannot choose from the hostile side of the patriotic construction front, otherwise it will make Blake very passive in politics.

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The participation of the Blake family, the hydropower facilities built upstream are enough to ensure that the transmission network can make a profit after it is completed, and the profit scale in the later stage will be very likely, which is much easier than building a hydropower station group upstream. At this time, Abacha went to Draculamo and found the same patriotic construction front and had children in the Ogun Federal State Government and Draculamo Town Hall to hold important positions. The Rupert family talked about fundraising, and it was natural.

The Rupert family itself is an investor of Dracula Electric Power Group.

The transmission network is said to be huge in investment, but it is also limited to just connecting a 10,000-volt high-voltage cable from the ancient building of Yibo City to the main network from the northern suburbs of Draculamo.

Even considering the current high infrastructure costs in Kanem, the construction standards are slightly improved, including land acquisition compensation, the investment does not require three million US dollars.

After all, it is not an ultra-high voltage transmission network worth hundreds of thousands of volts or millions of volts.

Except for Sika Eddit Electric Power Company retained 20% of its shares through its assets, other investors directly raised $1.6 million, and the remaining construction funds were borrowed from banks.

Kanem's banking industry is mainly concentrated in Draculamo, and the scale of funds that can be loaned is very small. Cao Mo has no foundation in Kanem, and most Chinese businessmen don't even have to rely on it at all. However, the new Sika Eddate Grid Company has endorsed Blake, Oppenheimer, and Rupert families. Find a bank in Draculamo and borrow more than one million US dollars, but it is not difficult.

Of course, Cao Mo proposed through Abacha and Ochosan that the new transmission network should be contracted by China Turkey Group.

The level and efficiency of Kanem's local engineering builders are still too different from that of China Earth Group.

In addition to the Yibogu River No. 1 Hydropower Station, Cao Mo also plans to hand over the three ladder hydropower stations with a total investment of nearly US$6.5 million in the upper reaches of the Raven River, directly to China Turkey Group for construction.

In this way, the construction period of the transmission network and upstream hydropower station construction can be coordinated.

Cao Mo also has a selfish intention, which is to help ChinaTurk Group undertake these engineering projects. In addition to further encouraging his relationship with ChinaTurk Group, he also hopes that ChinaTurk Group's Kazakh branch can recruit construction workers from tribes such as Ipogu, Kolo.

ChinaTurbine Group contracts medium and large-scale engineering projects in Africa, mainly from domestic management, technicians and foreman, while ordinary workers are mainly recruited from the local area.

In this way, China Turkey Group has saved labor costs and also trained a group of construction workers for the local area.

Unfortunately, most of the engineering projects cannot use this group of construction workers well, let alone form a formal engineering construction team. China Earth Group can only absorb a small number of local employees who have received junior high school education and sign long-term employment contracts to train them to become foreman.

However, this problem does not exist in Yibogu. Cao Mo hopes that the more construction workers the China-Turkey Group will train, the better, and the longer the training time, the better.

Next, we will start the construction of the Gray Ya River Step Hydropower Station. Cao Mo directly registered and established the Felician family labor company and used Pari as the supervisor. Not only did he classify all the workers of the original infrastructure team into the labor company, but he also recruited 200 workers from Kollo and other tribes in the name of the company to assist ChinaTu Group in completing the project contracting task in Longta.

Cao Mo did not make a penny of labor agency fees at this time, and even paid a portion of the operation and management fees. However, the ultimate goal was to take these infrastructure workers actually trained through projects as a resource.

Cao Mo directly gave up more than 2 million US dollars in profit space every year, which also made the New Power Grid Company not bothered me that I must get a higher price, and quickly negotiated the transmission price of 18 cents per kilowatt-hour.

The establishment, fundraising, power supply agreement finalized with Dracula Power Group, and the signing of engineering planning, design and construction contract agreements with China Earth Group's Kazakh Branch were all mainly Abacha and Ochosan as the auxiliary promotion.

Abacha also used this to make his mark in the upper class of Dracula.

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Cao Mo stayed in Yibogu during this period, mainly responsible for the survey, design and construction preparation of the three step hydropower stations in Raven River.

It is relatively easy to build a transmission network, mainly because the preparations for early land acquisition and other land acquisition are time-consuming.

However, the land expropriated in the transmission network is mainly large oil palm plantations. On the one hand, these oil palm fields belong to the largest families in Longta. At the same time, these families themselves also long for the transmission network to run through the past and enter the era of electrification.

The difficulty of promoting land acquisition is smaller than expected.

In comparison, the project volume of the three step hydropower stations is much larger.

It happened to catch up with the rainy season in Kanem, and there were more uncontrollable factors that affected construction.

China Earth Group took over the entire project, but only transferred twelve Chinese engineering design supervisors and foremans to Liang Siqian; more construction workers were hired by Yibogu Labor Company and conducted a period of concentrated training.

This is the practice of Sino-Turkey Group in Africa.

Otherwise, if two hundred construction workers are recruited from China, the salary for the six-month construction period will be 10 to 20 million yuan, which is not something that any Kanem can afford.

Kanem is in a cement storm, and the cement price is so high.

It is rainy season now, which is quite unfavorable to construction.

Cao Mo and Liang Siqian, who continued to represent China Earth Group as the project leader, repeatedly studied the construction plan of the three-stage hydropower station. Finally, they decided to build ancillary station buildings and lines to install them first, and to delay the construction of main projects such as low dams and main station buildings until after September as much as possible.
Chapter completed!
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