The Federal Executive Council (FEC) has approved the sum of $2,541,689, N498, 230,281 for four projects in the Ministry of Power.
The Minister of Power, Engr. Sale Mamman, disclosed this Wednesday after the federal cabinet meeting in Abuja.
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Mamman said: “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 also 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.
According to him, the contribution saw Nigeria agreeing to cut greenhouse gas emission by 20% as at last year and by 45% in 2030.
Abubakar added that part of the obligations to the signatories of the agreement was the revision of the progress and the submission of an interim report every five years.
“This is part of the commitment that Nigeria made in 2016 during the Paris Agreement; that every country, after five years, will revise the commitment the country made in cutting down emission. So, at the time we committed to reducing emission by 20%, unconditionally, meaning we can do it by ourselves. That’s by 2020. The 20% is by the year 2020. At the same time, we are also committed to reducing 45% by 2030. That’s again from the year 2016.
“So, we did the first the interim report, a country is supposed to send in an interim report to the United Nations Climate Change desk, and then before July 31st, you’ll now submit the final report. We have done that and part of this reporting is again, for every country, doing that will put the country on a good footing as far as climate change action is concerned and this has a number of sectors that we depended on to be able to reach this: Power, Agriculture, Transportation.
“So, Nigeria is currently in good standing, as about 100 countries have already submitted and Nigeria is one of those,” he explained.