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Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants - Politics - Nairaland

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Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by Parizz: 8:50am On Aug 12, 2021
THE Federal Executive Council, yesterday, approved a total sum of $2,541,689 and N498,230,281 for four projects in the Ministry of Power.

The Minister of Power, Saleh Mamman, stated this while briefing State House correspondents at the end of the virtual Federal Executive Council, FEC, presided over by Vice President Yemi Osinbajo at the First Lady’s Conference Room, Presidential Villa, Abuja.

The minister, flanked by his counterparts from the Ministries of Works and Housing, Environment and Information an Culture; Babatunde Fashola, Muhammed Mahmood and Lai Mohammed, respectively, provided details of the contracts.

He said: “The Federal Ministry of Power also received the blessing of the Federal Executive Council by giving four approvals for our contracts. One is the supply and installation of motorised portable hydraulic compressor for the Transmission Company of Nigeria, TCN, in favour of Messrs Intern Equipment Nigeria Limited in the sum of US$502,950 plus N15,800,000.

“The second approval was also received for the award of the contract for the supply and delivery of three sets of online partial discharge measurement and monitoring equipment for the TCN in favour of Messrs T and D Technology Limited in the sum of US$ 874,800 offshore plus N240,100,000 onshore with a delivery period of nine months.

“The third approval was the award of the contract for the repairs of 100 MVA and four sets of 60 MVA 132 33 power transformers for TCN in favour of GT Engineering Limited in the sum of US$ 661,220 offshore and N127,758,781 onshore with a delivery period of 12 months.

“On the last one, approval was also granted for the contract for procurement of 10 sets of 330 KV and 30 sets of 133 KV circuit breaker for the TCN in favour of Horsepower Engineering Trading Limited in the sum of US$ 502,719 plus N114,571,500 with a delivery period of six months.”

Also briefing, the Minister of Environment said the Council ratified an anticipatory approval received from President Muhammadu Buhari on the nation’s Nationally Determined Contribution (NDC), which is part of its commitment to the climate change pact.

He explained that the contribution, which saw Nigeria agreeing to cut greenhouse gas emission by 20 percent as at last year and by 45 percent in 2030, adding that part of the obligations to the signatories of the agreement is the revision of the progress and the submission of an interim report every five years.

He said: “The Federal Ministry of Environment presented a memo today, seeking for the ratification of an anticipatory approval that we received from Mr. President, on the submission of our primary NDC, that is the Nationally Determined Contribution.

“This is part of the commitment that Nigeria made in 2016 during the Paris Agreement; that every country, after five years, will revise the commitment the country made in cutting down emission.

‘’So, at the time we committed to reducing emission by 20 percent, unconditionally, meaning we can do it by ourselves. That’s by 2020. The 20 percent is by the year 2020. At the same time, we are also committed to reducing 45% by 2030. That’s again from the year 2016.

“So, we did the first the interim report, a country is supposed to send in an interim report to the United Nations Climate Change desk, and then before July 31, you’ll now submit the final report.

‘’We have done that and part of this reporting is again, for every country, doing that will put the country on a good footing as far as climate change action is concerned and this has a number of sectors that we depended on to be able to reach this: Power, Agriculture, Transportation.

“These are areas that we used as part of attending to that commitment that we made and today, we have gotten the approval of the ratification following that statutory approval by Mr. President. So, Nigeria is currently in good standing, as about 100 countries have already submitted and Nigeria is one of those,” he explained.

Asked if Nigeria achieved the 20 percent emission cut as at last year, Mahmood said “yes, we have. Since the ratification of the Paris Agreement on Climate Change in 2016 and even before then, government has put in a number of interventions to deal with the issue of climate change. You see, climate change did not just start in 2016. 2016 happened to be just like the culmination of the problem that showed and there’s need for an immediate action on climate change.

“So, the government rolled out a number of things and this was even before I became a minister and we have done so much, I can give you an example.

That was when we started the issuance of green bond and bond issuance is to generate money, solely for green projects.

“Based on our calculations, we have met that 20 percent last year, in fact, I can even say we have surpassed that. That’s why we took that as unconditional, it’s something that we know already we can.”


https://www.vanguardngr.com/2021/08/fec-approves-2-5m-n498-2m-for-4-power-projects-2/

2 Likes

Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by falseprophet: 8:55am On Aug 12, 2021
grin
Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by Tekzyflex(m): 8:55am On Aug 12, 2021
This government should go and sleep

2 Likes

Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by Okoroawusa: 8:56am On Aug 12, 2021
I Love PMB

1 Like

Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by Fahdiga(m): 8:57am On Aug 12, 2021
All this audio approvals with nothing to show for it

9 Likes 2 Shares

Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by tony0806: 9:30am On Aug 12, 2021
Go NUCLEAR and save Nigeria and Nigerians all these news. "Incompleteable" projects

3 Likes 2 Shares

Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by executioner(m): 9:30am On Aug 12, 2021
smiley
Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by DoctorDree(m): 9:30am On Aug 12, 2021
Projects that may never materialize

3 Likes 1 Share

Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by JosephXavier: 9:31am On Aug 12, 2021
R
Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by richidinho(m): 9:31am On Aug 12, 2021
grin
Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by Sunisonflex39(m): 9:31am On Aug 12, 2021
Nothing go still come out

You might want to check my signature and thank me letter
Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by Tuoper: 9:31am On Aug 12, 2021
Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by sematec(m): 9:31am On Aug 12, 2021
5
Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by tukkab: 9:31am On Aug 12, 2021
Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by vikkysexy1: 9:32am On Aug 12, 2021
Las las we no go see any improvement

1 Like

Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by seunsiju(m): 9:32am On Aug 12, 2021
Sebi na national budget.... Northerners should finished it
Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by wilcox(m): 9:32am On Aug 12, 2021
Another money to be shared. Sorry for this country

1 Like

Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by saintol(m): 9:32am On Aug 12, 2021
If this will indeed come to reality then it is good, but here in Nigeria our government only make noise on paper when it comes to meaningful projects. In the end, you may not see anything.

1 Like 1 Share

Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by sematec(m): 9:33am On Aug 12, 2021
And yet, not stable.
Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by Champneys: 9:34am On Aug 12, 2021
All they do at FEC is approve everything.

A bunch of fuc..king idio...tas who have no idea about funding these projects except for pretending to be busy and deepening the nation into further debt.

Foolish bas...tards, not one of them has ever stood up to critically question or discuss how to fund these nonsensical pipe dreams called projects!
Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by sommy03(m): 9:34am On Aug 12, 2021
Please share this money to Nigerians
Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by IMASTEX: 9:36am On Aug 12, 2021
Sinzu money on the beat.
Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by opalu: 9:36am On Aug 12, 2021
Ok
Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by Nobody: 9:36am On Aug 12, 2021
cash out by zlatan

undecided undecided
Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by Felixtuta(m): 9:37am On Aug 12, 2021
Baba and his government has approved another money for his boys.

Wahala for who no be baba boy.

I feel for us living in this country. God bless generator and Solar System sellers

1 Like

Re: Power Projects: FEC Approves $2.5m, ₦498.2 Million For 4 Plants by SaintBeehot(m): 9:37am On Aug 12, 2021
Capacity vp on this one

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