The Federal Executive Council on Wednesday approved N1.4 billion for the purchase of additional equipment for the Transmission Company of Nigeria (TCN), as part of efforts to improve electricity supply in the country.
The approval came less than a week after the country expired in the fifth network meltdown in three months.
Energy Minister Abubakar Aliyu made the revelation while addressing State House correspondents at the end of the meeting chaired by President Muhammadu Buhari.
“I submitted two memos from the Ministry of Energy for the Transmission Company of Nigeria,” he said.
He said the first was a variant of the sum of a contract for the 132/33 KV substation at Kafanchan, Kaduna State with a basic extension of the KV line to the substation of Jos, Plateau State. It is a sum of 132.7 million naira, he said.
The second approval he obtained was for the supply of material handling equipment and operational vehicles for the Transmission Company of Nigeria at a cost of N1.3 billion.
“The second note was for the supply of handling, haulage and operational vehicles for the TCN at N1, 338, 159, 080. 88. These are heavy lifting equipment that the TCN needs to do its job in the store and in the field. , while changing equipment and moving transformers and the board graciously approved,” he said.
The FEC also ordered the Nigerian Bulk Electricity Trading Plc (NBET) to enter into negotiations with the Nigerian Agip Oil Company (NAOC) to establish the new Okpai 11 power station on the grid.
The government has reached an agreement with Nigeria
National Petroleum Corporation Gas and Power Investment Company Limited (NGPIC a subsidiary of NNPC) on the Okoloma Gas Processing Plant to restore full capacity of the 650 MW Alom VI Combined Cycle Power Plant.
The government said the recurring collapse happened as a result of vandalism, a poor management system and gas supply problems.
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