Over $8.29 million as well as N3 billion has been approved by the Federal Executive Council (FEC) for the execution of various electricity projects in the country.
This was disclosed yesterday to State House Correspondents after the week’s virtual FEC meeting, which was presided over by President Muhammadu Buhari in the Presidential Villa, Abuja.
Minister of Power, Mamman Saleh while addressing newsmen after the meeting said the projects, most of which are procurement of equipment as well as designs and manufactures, are for the upgrade of the nation’s electricity facility and improvement of power supply across the country.
According to the Minister, the Ministry of Power presented six memoranda to the FEC, all of which were approved.
The total figures of the money, in both naira and dollar denominations, is N6,156,168,822, when the dollar component was converted by the official exchange rate of N380 to $1.
“The Federal Executive Council today approved six memos under the Ministry of Power. The first one is the award of a contract for design, manufacturing and supply of critical spare parts for Crompton Greaves 330 kV, 132 kV and 33 kV circuit breakers to Messrs Legen Engineering Nigeria Limited in the sum of N298,339,887.04.
“The second one is the award of the contract for the procurement of 50 sets of 400 AH battery banks, 30 to 50 volts and 30 number of 110 volt battery charges for the substation used by the TCN in favour of Messrs DTS Transformers Electric Industry Limited at the sum of N644,805,953.10.
“The third award of contract is for the procurement of 50 cent also of 132 kV isolators for the TCN in favour of Messrs Leading Diagonal Engineering Nigeria Limited in the sum of $840,650 plus N53,900,000 within the delivery period of six months.
“The fourth one is the award of the contract for the design, manufacturing and the supply of three 60/66 MVA 132kV power transformers with accessories and 15 number of 500 kV transformers, 33/0.415kV earthing transformers for the TCN in favour of Messrs Zhenjiang Transformers Company Limited, in the sum of N1,296,953,044.55 with delivery period of 12 months.
“The fifth one is the award of the contract for the design, supply and installation of Optical Wire (OPGW) and Universal Optical Transportation Network System (OTN) for some critical transmission lines in favour of Messrs Xinjiang Power and Transportation Company Limited in the sum of $6,800,743.51, plus N668,843,634.74, with a delivery period of 12 months.”