The Federal Executive Council (FEC) has approved N6.2 billion for the execution of various power projects across the country.
The minister for Power, Sale Mamman made this known while briefing the State House correspondents on the outcome of the meeting presided over by President Muhammadu Buhari at the Presidential Villa, Abuja.
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.
“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 the 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,” his statement read.