- FEC approves four power projects
- The Council approved $2.5 million and ₦498.2 million for all the power projects
On Wednesday, the Federal Executive Council (FEC) approved four power projects presented by the Ministry of Power. The total cost for the four projects is $2.5 million and ₦498.2 million. The Minister of Power, Saleh Mamman, made this known following the FEC meeting.
”The Federal Ministry of Power also received the blessing of the Federal Executive Council by giving four approvals for our contracts,” Mamman said while speaking to correspondents.
The first project is for the ”…the supply and installation of a motorised portable hydraulic compressor for the Transmission Company of Nigeria (TCN) in favour of Messrs Intern Equipment Nigeria Limited in the sum of US$502,950 plus ₦15,800,000.” Mamman said.
The second project awarded is for “….the supply and delivery of three sets of online partial discharge measurement and monitoring equipment for the TCN in favour of Messrs T and D Technology Limited in the sum of US$ 874,800 offshore plus ₦240,100,000 onshore with a delivery period of nine months.” he continued.
“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 ₦127,758,781 onshore with a delivery period of 12 months.” the Minister added.
The final project is 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 ₦114,571,500 with a delivery period of six months,” Mamman stated.
This is good news, for the power sector. We need more clarification on prepaid meters and when will the distribution and installation commence.