FG Approves $61.5m, N16.13bn to TCN for Projects – Minister of Power
The Federal Government, through the Federal Executive Council, FEC, has approved $61.5 million and N16.133 billion for the award of contracts for substation construction works and for procurement of transmission line materials.
Speaking with newsmen at the end of the FEC meeting at the Presidential Villa, Abuja, Minister of Power Mr Abubakar Aliyu, said $6 million dollars and the onshore component of N145 million inclusive of all the taxes were approved for the Transmission Company of Nigeria, TCN, for procurement of transmission line materials.
He added that $2.5 million with an onshore component of N988.5 million was also approved for the construction of a 15-kilometre turn in, turn out a line of TCN’s existing Akure–Ado-Ekiti 132 single-circuit transmission line at Akure 330, 132, 33 sub-stations.
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Explaining how the approvals came about, the minister stated: “I presented three memos to the council today and I got approval for the three memos.
“The first memo sought the council’s approval for the procurement of transmission line materials for reconductoring works for the Transmission Company of Nigeria (TCN) in favour of Messrs Legacy Power in the sum of six million dollars; that’s the offshore value. The component for the onshore is N145 million inclusive of all the taxes and 12 months of completion.
He continued: “The second memo seeks the council’s approval for the award of contract for the construction of a 15-kilometre turn in, turn-out line of the existing Akure–Ado-Ekiti 132 single-circuit transmission line at Akure 330, 132, 33 sub-station Transmission Company of Nigeria in favour of Messrs Legacy Power Limited in the sum of 2.5 million dollars; that’s the offshore component; the onshore component is N988.5 million.
“The sub-station in Akure, which was completed over two years ago, is a 330 sub-station and we could not energise that sub-station of lack of line. The line is supposed to come from Benin which is a new line under construction.
“I have spoken about this project here several times; the project has the problem of the right way which we are dealing with gradually and the line is supposed to energise the Akure sub-station which was completed over two years ago.
“The line is coming from Benin North to Oshogbo which will pass and energise the Akure sub-station. So, this project is 132 lines from the Akure sub-station going to Akure-Ado-Ekiti which is simultaneously going on with the Benin North-Akure line.
“By the time we are able to energise the Akure line, this project would have been completed so that the whole area will have no problem with electricity. This project will be completed in 12 months and was also approved by the council.”
