FEC okays N6.2bn for 6 electricity projects

The Federal Executive Council (FEC) has approved contracts worth $8.29 million as well as N3 billion for the execution of various electricity projects in the country.

The Minister of Power, Engr Mamman Saleh, announced this Wednesday while briefing State House reporters after the virtual federal cabinet meeting presided over by President Muhammadu Buhari.

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Saleh said the projects, most of which are procurement of equipment as well as designs and manufactures, are for the upgrade of the country’s electricity facility and improvement of power supply across the country.

The aggregate of all the figures, in both naira and dollar denominations, summed up to a total of N6,156,168,822, when the dollar component was converted by the official exchange rate of N380 to $1.

The minister said: “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 charger 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 the contract is for the procurement of 50 cents 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 a 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.

“The last one is the upward review of the contraction for the design, manufacture, supply, installation and commissioning of 1X 100MVA, 132/33kV power transformers at Ogba Transmission Substation, Lagos, in favour of Messrs. Power Control and Appliances Limited, in the sum of $648,038.31, plus N48,342,524.18, with the delivery period of six months.

“All these procurements are geared towards upgrades of the transmission system, to the national grid, so that we can have sufficient power supply to the nation”, he said.