FG Approves N1.4B For Power Sector


The Federal Executive Council (FEC) has approved the sum of N1.4 billion for the supply of more equipment for the Transmission Company of Nigeria to boost electricity supply across the country.

This was revealed by the minister of Power, Mr Abubakar Aliyu when speaking on the outcome of the meeting of the council, presided by President Muhammadu Buhari on Wednesday in Abuja.

According to him, “I presented two memos from the ministry of power for the Transmission Company of Nigeria.

“The first one was a variation of the sum of a contract for 132/33 KV substation at Kafanchan, Kaduna State, with a KV line base extension at Jos substation, in Plateau State. This is in the sum of N132, 705, 861.42.”

The minister said the second approval he got was for the supply of handling equipment and operational vehicles also for the Transmission Company of Nigeria at the cost of N1.3 billion.

“The second memo was for the supply of handling equipment, haulage and operational vehicles for the TCN at N1,338,159,080.88.

“They are heavy lifting equipment that the TCN requires for doing its work in the store and on the field while changing equipment and moving transformers.

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