The federal government has approved the sum of N6.2 billion for the execution of various power projects across the country.
Sale Mamman, minister of power, said the approval was given on Wednesday at the federal executive council (FEC) meeting presided over by President Muhammadu Buhari.
According to Mamman, contracts approved include those for procurement of transformers and vital spare parts for maintenance of power transmission equipment.
“The federal executive council today approved six memos for the ministry of power,” Mamman said.
“The first one is for award of contract for design, manufacturing and supply of critical spare parts for transformers, in the sum of N298,339,887.04.
“The second one is for award of contract for procurement of 50 sets of 400 Ah battery banks, and 30 110-volt battery chargers for sub-station use by the Transmission Company of Nigeria, in the sum of N644,805,953.10.
“The third contract awarded was for procurement of another 50 sets of 132KV Isolators for the transmission company, in the sum of $840,650 plus N53,900,000.
“The fourth one is award of contract for design, manufacturing and supply of 360/66 132 power transformers and accessories as well as 15 number of 500KV transformers for the Transmission Company of Nigeria, in the sum of N1,296,953,044. 55.
“The fifth one is for award of contract for design, supply and installation of Optical Ground Wire and Universal Optical Transportation Network System for some critical transmission lines, in the sum of 6,800,743.51 dollars plus N668,843,634.74.”
He added that the council also approved an upward review of the contract sum for design, manufacturing, installation and commissioning of 1×100 MVA 132/33KV power transformers at Ogba transmission sub-station, Lagos, at the cost of $648,038.31 plus N48,342,524.18.
Mamman explained that the approvals will help the Transmission Company of Nigeria (TCN) improve on its efficiency and reliability.