The Federal Government has approved about N6.2 billion for the award of contracts for six projects in the power sector.
Why The Excessive Cost?
At the meeting, efforts by the government to boost power supply in the country dominated discussions as the council approved all six memos presented for consideration by Saleh.
The approvals included the award of a contract for the design, manufacture, and supply of critical spare parts for Crompton Greaves 330KV, 132KV, and 33KV circuit breakers at N298,339,887.04; and procurement of 50 sets of 400AH battery banks – 30 to 50 volts, and 30 number of 110 volts battery charges for the substation used by the Transmission Company of Nigeria (TCN) at N644,805,953.10.
Others were award of contract for the design, manufacture, and supply of three 60/66 MVA 132KV power transformers with accessories, and 15 number of 500 kV transformers, 33/0.415KV earthing transformers for the TCN at N1,296,953,044.55 with a delivery period of 12 months.