The Federal Executive Council of Nigeria has approved six multi-billion-naira contracts for the power sector, Minister of Power, Sale Mamman disclosed to State House Correspondents at the end of this week’s cabinet meeting, presided over by President Muhammadu Buhari.
He said the contracts approved, including those for the procurement of transformers and vital spare parts for the maintenance of power transmission equipment.
He said: “The Federal Executive Council today approved six memos for the Ministry of Power. The first one is for the 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 the award of contract for the 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 the procurement of another 50 sets of 132KV Isolators for the Transmission Company in the sum of $840, 650 plus N53, 900, 000 and the fourth one is the award of a contract for the 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, with a delivery period of 12 months.
“The fifth one is for the award of contract for the 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 plus N668, 843, 634.74 and the last one is the upward review of the contract sum for the design, manufacturing, installation and commissioning of 1×100 MVA 132/33KV power transformers at Ogba transmission substation Lagos in the sum of $648, 038.31 plus N48, 342, 524.18 with a delivery period of six months.”
Mamman said the procurements were geared towards the upgrading of the nation’s transmission system to the national grid, in order to have a sufficient power supply to all parts of the country.