Chapter Ninety-Five: Selfishness
Abacha also secretly rushed to Catro with Cao Mo and Stari overnight, stayed in Ojosan's private house in Catelo, and waited for the high-ranking officials of the United Bank of Oman to come and meet.
Ojosan's wife was a kind woman of three-quarters Italian ancestry, a descendant of the colonizers at Kanem.
Their house in Catro was a very nicely kept courtyard.
Mr. and Mrs. Ojosan used to teach at Oyo State College, but they didn't have a lot of income, but they knew how to tidy up their lives.
For the sake of caution, Stari was not yet suitable to appear in public, so Cao Mo and the others spent the night at Ojosan's house, and the next day at noon, the senior officials of the United Bank of Oman rushed to Katero and met at Ojosan's house.
The Stanley Bank of Oman, the custodian of the Stari Private Trust, is an ancient financial institution that has been in Kanem Dracula Moza since colonial times.
In the 80s, Kanem's military junta ordered the seizure of the staff of the United Bank of Oman in Draculamo and demanded that the assets of the descendants of the colonists be frozen.
The Union Bank of Oman eventually resisted the pressure and was therefore highly trusted by the descendants of the colonizers.
Cao Mo, as Stari's senior personal advisor and executor, was secretly signed a series of legal documents, and was responsible for the trust fund's funds to be used for the construction and operation of two hydropower stations in the upper reaches of the Raven River, but Oman Union Bank would also continue to serve as the trustee of the trust fund.
On the surface, it became the capital of Oman United Bank, and entrusted Cao Mo to be responsible for the construction and operation of two stepped hydropower stations in the Gray Crow River.
As the third largest tributary of the Lujiaochuan River, the Gray Crow River has an altitude difference of more than 200 meters in Kanem, and it is possible to build a number of stepped small hydropower stations at the same time to fully tap and utilize the hydropower resources.
At present, the upper reaches of the Raven River will be funded by the United Bank of Oman and the Felician Power Company, respectively, to build three stepped hydropower stations with a total annual power generation capacity of 50 million to 55 million kilowatt-hours.
With this in mind, Abacha and the Fellician family jointly acquired a 51% stake in Sika Idet Power Company, and at the same time spun off to form a new Sika Idet Power Grid Company, inviting more investors to take a stake in the power grid company and participate in the construction of the Ronta-Draculamo transmission grid, which paved the way for a thorough process.
As a condition for the new power grid company, the new power grid company signed an agreement that the Felician family power company would have the right to build its own transmission grid in the Lunta region, east of Ibogou.
Cao Mo also did this to ensure that if he wanted to build a large-scale modern cement plant south of the mouth of the Crow River and east of Lake Conero in the future, it could be directly supplied with electricity from the hydroelectric power station owned by the Felician family power company, and did not need to be squeezed from the middle by the Sika Idet power grid company.
Abacha also held his breath and wanted justice from the Jidam family.
In order to ensure that the construction of the transmission grid is sufficiently attractive, in addition to Sika Aidet Power Company, which has a 20 percent stake in the new power grid company with a power grid franchise, he negotiated with Ojosan that the two companies will inject new funds into the new grid company limited to 200,000 US dollars, and each will take 10 percent 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, Ojosan took his daughters Lily, Stari and Lucy directly from Catro to Benin that night.
Cao Mo also planned to return to Longta overnight with Abacha.
"Wait......" Stari saw that Cao Mo was about to get into the car, ran over and hugged him tightly, and whispered in his ear, "When you go back to China, remember to come and see me......"
"You're my boss now, if I go back to China, how dare I not go to see you?" Cao Mo instinctively felt that Stari was a grateful hug, and she was embarrassed to drop her hand on her plump little buttocks.
Seeing Stari get into the car, Cao Mo also pulled the car door and got into the car, but was punched hard in the shoulder by Abacha: "The butt of the gun on my forehead can't be in vain!"
"That's a hug of gratitude, and 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 to not get it in the end. Abacha said scoundrelly.
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Ojosan returned to Catro with Lily after a three-day conference, and they left Lucy to accompany Stari in Benin until she was successfully on her way from Benin to China.
At this time, Cao Mo accompanied Abacha back to Catro and went with Ojosan to meet with Blake, the governor of Oyo.
Blakes was the first dignitary they wanted to secure a bid for the new grid company.
Obviously, without Blake's involvement, the weight of Abacha and Ojosan was still too light.
Even if two or three families in Ogun can be persuaded to participate in the political rivalry with the Jidams, Abacha may not be able to seize the actual management of the grid without the equivalent power to compete with them.
Once the actual management and control of the power grid company change hands, it is completely unpredictable whether these two families will turn against the customer, and in turn expel him and the Felician family to monopolize the power grid company, or even cooperate with the Jidam family to completely treat this side as fools and teasing them.
Inviting Blakes and his family to participate in the new grid company would have prevented this from happening.
In addition to having a close personal relationship with Ojosan Felician Jr., Governor Blake has deep roots in the canton of Oyo and in Kanem.
In addition to owning large oil palm plantations in Oyo State, the Blakes family also owns shares in several natural gas extraction companies in Kanem.
In previous contacts, Blakes expressed the hope of working more closely with Dongsheng on oil palm plantations and palm oil exports.
At least in terms of rumors, Blake and his family are still more reliable than the Giddham family.
Of course, the power grid company will only allocate a maximum of 20 percent of the Blake family's investment of $400,000.
As long as the Bujak 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 Blake family can take no less than $200,000 in dividends from the power grid company every year.
No matter how quick the quick success, the annual guaranteed dividend of 50% is tempting enough.
What else is Blakes hesitating about such an investment?
Blake's only requirement was that new investors be selected from the Patriotic Construction Front as much as possible.
No matter how bad the new investors are, they can't choose from the hostile opponents of the Patriotic Construction Front, otherwise Blake will be very politically passive.
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The participation of the Blake family, the upstream construction of hydropower facilities, and enough to ensure that the transmission grid can be profitable after the completion of the scale, and the scale of profit in the later stage will be very possible, which is much easier than the upstream construction of hydropower stations.
The Rupert family itself is an investor in Dracula Power Group.
The investment in the transmission grid is huge, but it is limited to build a 10,000-volt high-voltage cable from Ibau to connect to the backbone network from the northern suburbs of Draculamo.
Even if you take into account the current high cost of infrastructure in Kanem, the construction standard is slightly higher, and the investment does not need to be $3 million, including land requisition compensation.
After all, it is not an ultra-high voltage transmission network of hundreds of thousands of volts or millions of volts.
With the exception of Sika Aidert Power, which retains a 20% stake in the conversion of assets, other investors raised $1.6 million directly, and the rest of the construction funds were borrowed from banks.
Canem's banking industry is mainly concentrated in Draculamo, and the scale of funds that can be lent out is very small, Cao Mo has no foundation in Canem, and even the vast majority of Chinese businessmen don't have to count on it at all, but the new Sika Idet Power Grid Company has the endorsement of the Blake, Oppenheimer, and Rupert families, and it is not difficult to find a bank in Draculamo and borrow more than a million dollars.
Of course, Cao Mo proposed through Abacha and Ochosan that the new transmission grid should be contracted by the China Earth Group.
The level and efficiency of Kanem's local engineering builders are still too different from those of China Earth Group.
In addition to the No. 1 Hydropower Station on the Ibogu River, Cao Mo also plans to directly hand over the construction of the three stepped hydropower stations in the upper reaches of the Raven River with a total investment of nearly US$6.5 million.
In this way, the construction schedule of the transmission grid and the construction of upstream hydropower stations can be coordinated.
Cao Mo also has a selfish intention, which is to help the China Earth Group undertake these projects, in addition to further drawing him over the relationship with the China Earth Group, but also hoping that the China Earth Group branch in Ka can recruit construction workers from the Ibogu, Kolo and other tribes.
China Earth Group contracts medium and large-scale engineering projects in Africa, mainly from domestic management, technical personnel and foremen, and ordinary workers are mainly recruited from the local area.
In this way, China Earth Group has saved labor costs, and at the same time trained a group of local construction workers.
It is a pity that the vast majority of local engineering projects cannot make good use of this group of construction workers, let alone form a formal engineering construction team, and China Earth Group can only absorb a small number of local employees who have received primary and secondary education, and sign long-term employment contracts to train foremen.
However, this problem does not exist in Ibogu, and Cao Mo wishes that the more construction workers that the China Earth Group can help train, the better, and the longer the training time.
Next, to start the construction of the Gray Crow River Ladder Hydropower Station, Cao Mo directly registered and established the Felician family labor company, with Parry as the supervisor, not only to put the workers of the original infrastructure team into the labor company, but also to recruit 200 workers from Kolo and other tribes in the name of the company to assist the China Earth Group to complete the project contracting task in Longta.
Cao Mo didn't earn a penny of labor agency fees at this time, and even discounted part of the operation and management expenses, but the ultimate goal was to take these infrastructure workers who had been trained through one project after another as a resource in his hands.
Cao Mo directly conceded more than 2 million US dollars of interest space every year, which also made the new power grid company contact and negotiate with Draculamo Power Group, without dwelling on the need to get a higher price, and quickly negotiated a transmission price of 18 cents per kilowatt-hour.
The establishment and fundraising of Sika Adet Power Grid Company, the power supply agreement finalized with Draculamo Power Group, and the signing of the engineering planning, design and construction contracting agreement with the Zhongtu Group in Qatar Branch are all promoted by Abacha and supplemented by Ochosan.
Abacha also took advantage of this to emerge in the upper class of Draculamo.
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Cao Mo stayed in Ibogu during this time, and was mainly responsible for the survey, design and construction preparation of the three stepped hydropower stations on the Raven River.
The construction of the transmission network is relatively easy, mainly because the preparatory work such as land acquisition in the early stage is time-consuming.
However, the land expropriated for the transmission grid is mainly large oil palm plantations, which belong to almost all of Lonta's largest families, and these families themselves are eager for the transmission grid to run through the past and enter the era of electrification.
The promotion of land acquisition work is less difficult than expected.
In comparison, the three stepped hydropower stations are much more intensive.
It also coincided with the rainy season in Kanem, and there were more uncontrollable factors affecting the construction.
The China Soil Group took over the entire project, but also transferred 12 Chinese engineering design supervisors and foremen to Liang Siqian, and more construction workers were hired by the Ibogu Labor Company for a period of intensive training.
This is the practice of China Turkey Group in contracting projects in Africa.
Otherwise, recruiting 200 construction workers from China, the salary for half a year's construction period will be 10 or 20 million, which is not at all something that Kanem can afford for any engineering project.
Kanem is in the midst of a cement storm, and the price of cement is frighteningly high.
At present, it is the rainy season, which is quite unfavorable for construction.
Cao Mo and Liang Siqian, who continues to serve as the project leader on behalf of the China Earth Group, repeatedly studied the construction plan of the three-step hydropower station, and finally decided to build the auxiliary station building and line installation first, and delay the construction of the main project such as the low dam and the main station building until September as much as possible.
At that time, the Ibogu hydropower station will be officially put into use, regardless of whether the cement price of Kanem drops or not, the cement production cost of the Felician family building materials company can be greatly reduced, and Cao Mo can supply tens of thousands of tons of finished cement to the main construction of the three ladder hydropower stations at a relatively favorable price, ensuring that the three ladder hydropower stations will be completed before the end of the year......