- FEC approves projects to improve electricity supply.
- The council also approved Nigeria’s Revised Energy Policy 2022.
The Federal Executive Council (FEC) has endorsed three contracts to accelerate the power supply in the country. The approval came on Wednesday following a weekly meeting headed by President Muhammadu Buhari.
The Minister of Power, Abubakar Aliyu, confirmed the approval while briefing the state house correspondents after the FEC meeting. He said the memos were for the purchase of major electricity transmission equipment.
“The first one was a variation of a subsisting contract for the Katampe to National Stadium, 132 direct circuit line, which is about 90 per cent completed. The contractor sought the variation because of some delays in the project. All the necessary due processes have been followed, and the variation approved by FEC today is ₦201, 949, 811.00,” Aliyu stated.
The minister said the other two contracts were 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 ₦16,485,000,” Aliyu said.
“The third approval is a contract to design, construct, and install a 260-kilometre transmission line from Birnin-Kebbi, through Zuru to Yauri in Kebbi State. Also, the cost has two components; the offshore is $25.8 million, and the onshore is ₦10.2 billion,” He added.
The council also approved Nigeria’s Revised Energy Policy (2022).