Home EconomyInfrastructure FEC Approves $2.5m, N498.2m For construction of 4 Power Projects

FEC Approves $2.5m, N498.2m For construction of 4 Power Projects

by Nwani Chisom
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Oyogist has learned that the Federal Executive Council (FEC) has okayed the sum of $2,541,689, N498, 230,281 for construction of four projects in the Ministry of Power.

Nigeria’s power Minister, Engr. Sale Mamman, made this known on Wednesday after the federal cabinet meeting in Abuja.

According to the minister:

“The Federal Ministry of Power also received the blessing of the Federal Executive Council by giving four approvals for our contracts. One is the supply and installation of motorised portable hydraulic compressor for the Transmission Company of Nigeria (TCN) in favour of Messrs Intern Equipment Nigeria Limited in the sum of US$502,950 plus N15, 800,000.

“The second approval was also received for the award of the contract for the supply and delivery of three sets of online partial discharge measurement and monitoring equipment for the TCN in favour of Messrs T and D Technology Limited in the sum of US$ 874,800 offshore plus N240,100,000 onshore with a delivery period of nine months.

“The third approval was the award of the contract for the repairs of 100 MVA and four sets of 60 MVA 132 33 power transformers for TCN in favour of GT Engineering Limited in the sum of US$ 661,220 offshore and N127,758,781 onshore with a delivery period of 12 months.

“On the last one, approval was also granted for the contract for procurement of 10 sets of 330 KV and 30 sets of 133 KV circuit breaker for the TCN in favour of Horsepower Engineering Trading Limited in the sum of US$ 502,719 plus N114, 571,500 with a delivery period of six months,” he said.

While briefing, the Minister of Environment, Muhammad Abubakar, said the Council ratified an anticipatory approval received from President Muhammadu Buhari on the nation’s Nationally Determined Contribution (NDC), which is part of its commitment to the climate change pact.

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