FEC Okays $61.5m, N16.733bn For Power Projects

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The Federal Executive Council Wednesday approved $61,500,000 and N16,733,500,000 for procurement of transmission line materials and award of contracts for sub-stations in some parts of the country.

The Minister of Power, Abubakar Aliyu, said $6million and the onshore component of N145m, inclusive of all the taxes, was for the procurement of transmission line materials for re-conductoring works for the Transmission Company of Nigeria.

He said the FEC also awarded contract for the construction of 15 kilometre turn in, turn out line of the existing Akure-dAdo-Ekiti 132 single-circuit transmission line at Akure 330, 132, 33 sub-stations of TCN at the cost of $2.5m with an onshore component of N988.5.

“The last memo which has five projects on it sought to design, supply and install 132 32kv sub-station and transmission lines across different locations in the country for TCN in favour of several contractors in the total $53m; this is the offshore; then the onshore is N15.6bn.”

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