FEC okays N10.48bn, $27.09m power contracts

The Federal Executive Council Wednesday approved contracts worth N10.48bn and $27.09m respectively for the Federal Ministry of Power to rejuvenate and boost electricity supply across Nigeria.

The Minister of Power, Abubakar Aliyu, said: “I presented three memos today, the first one was a variation of a subsisting contract for the Katampe to National Stadium, 132 direct circuit line which is about 90 percent completed. The contractor sought the variation because of some delays on the project. All the necessary due processes have been followed and the variation approved by FEC today is N201,949,811.00.”

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He said the council also approved two contracts for the procurement of two sets of power transformers and the construction of a transmission line in Kebbi State.

“The second approval was for the design, manufacture and supply of two 60 MVA 132/33 KV power transformers. The cost has two components; the offshore is $1,294,447 then the onshore is N16,485,000.

“The third approval is a contract to also design, construction and installation of a 260 kilometre transmission line from Birnin-Kebbi, through Zuru to Yauri in Kebbi State. Also, the cost has two components; the offshore is $25.8m and the onshore is N10.2bn.”