Six Electricity Projects Gets FEC N6.2 Billion Approval

The Federal Executive Council (FEC) Wednesday approved over $8.29 million as well as N3 billion for the execution of various electricity projects in the country.

This was disclosed to State House Correspondents after the week’s virtual FEC meeting, which was presided over by President Muhammadu Buhari in the Presidential Villa, Abuja.

Addressing correspondents after the meeting, Minister of Power Mamman Saleh said the projects, most of which are procurement of equipment as well as designs and manufactures, are for the upgrade of the nation’s electricity facility and improvement of power supply across the country.

According to Saleh, the Ministry of Power presented six memoranda to the FEC, all of which were approved.

The aggregate of the figures, in both naira and dollar denominations, is N6,156,168,822, when the dollar component was converted by the official exchange rate of N380 to $1.

“The Federal Executive Council today approved six memos under the Ministry of Power. The first one is the award of a contract for design, manufacturing and supply of critical spare parts for Crompton Greaves 330 kV, 132 kV and 33 kV circuit breakers to Messrs Legen Engineering Nigeria Limited in the sum of N298,339,887.04.