FEC Approves 16 Power Projects At N28.62bn , $286.81m, €9.88m

An extraordinary Federal Executive Council (FEC) meeting has approved all 16 memos on various power contracts that spread across the country.

The total sum of the projects in both Dollar and Naira, Euro and Naira and Naira only components stands at N28,620,993,956.83; $286,814,232.24; and €9,878,407.20.

The Minister of Power, Engr. Abubakar Aliyu, announced this approval on Thursday at the end of the federal cabinet meeting presided over by Vice President Yemi Osinbajo at Council Chambers of the Presidential Villa, Abuja.

The minister, who said the present administration had done more than any other to ensure that Nigerians enjoy improved supply of electricity, attributed the epileptic power supply in the country to little attention paid to the development of the sector in the past.

According to him, it is obvious that government is doing a lot to remedy the situation with more investments in the sector which he said had manifested in the less system collapsed being witnessed in the country.

Aliyu, who said the federal government had placed order for power equipment, assured that Nigerians will soon see the outcome of the ongoing investments.

He rued the weak transmission grid despite the present power generation in the country is about 5,000mw.

The minister, while speaking on the memo he presented, said: “These projects that we brought to council today and got approvals are all geared towards strengthening the willing capacity of the transmission and towards distribution, even though as you all know, the distribution segment of the NESI (Nigerian Electricity Supply Industry) is being privatized, but we cannot fold our arms and allow them to continue not to do much in order to evacuate what the transmission can bring.

“But as as it is now, even the transmission is not that strong. So, we need to put more investment into the transmission so that we can improve the willing capacity of the TCN to be able to take up enough electricity from the generation.

“So, these memos, although 16 of them but they’re all geared towards achieving what I’ve just explained. So I’m going to read them out for you for purpose of records and information.

“The approval was given for award of contract for the construction of a 2X60MVA 132/33 KVA substation at Ikare-Akoko and 2×132 KV Lines Bay Extension at Oke-Agbe, Ondo State at the cost of $9,928,912.80; N2,037,077,700.00 and €5,326,663.70.

“Supply of 65 Hilux vehicle and 20 SUVs nationwide at the cost of N2,741,787,500.00; $30,889,393.81; and €686,043.50.

“Procurement of 1,500 drums of transformer 001 nationwide at N322,500,000.00; $416,100.00; and €3,865,700.00.

“Supply of 19 Sergi transformer explosion and fire protection devices nationwide at $10,733,367.60 and N347,629,092.57.

“Construction of 142KV double circuit line in Ikere-Ijesa-Isu-Ilupeju towns, Ado-Ekiti State, $213,386,640.00 and N8,344,898,490.86.

“Construction of New National Control Center at Osogbo, Osun State at N1,168,318,636.68 and $9,902,700.20.

“Construction of New National Control Center at Gwagwalada, FCT at N1,161,915,489.76 and $3,735,948.10.

“Supply of 180 of Grounding Equipment nationwide at $7,821,169.73 and N41,378,244.25.

“Additional work on 330KV double line to Mando substation in Kaduna at N893,011,356.41.

“Construction of 2X60MVA, 132/33KV substation at Ogbomosho and 2X 132KVLine Bags Extension at Ganmo substation at Ilorin at €5,274,245.00 and N457,708,341.02.

“Contracts for design, manufacture, supply at N4,325,652,643.50.

“Installation and commissioning of transmission lines of 330/132/33 KV Lekki, Lagos. LOT 1 and LOT 2, at N2,812,767,499.00.

“Augmentation for the construction of 2X60MVA 132/33 KVA substation at Malumfashi and 4X132KV Line Bats at Kankara at Katsina at N176,245, 664.12.

“Supply and delivering of 40 each of primary and secondary injection test sets nationwide at N212,386,640.00.”