FEC approves funding for electricity projects

The Federal Executive Council (FEC) meeting which held yesterday approved a total of $8.29 million and N3 billion for projects in the power sector.

The Minister of Power, Sale Mamman who disclosed the news in a series of tweets said “The Federal Executive Council today approved my submissions for the Design, Manufacture, Supply, Installation, and Commissioning of a 132/33KV Power Transformer at Ogba Transmission Substation in Lagos the design, supply and Installation of a Fibre optic cable ‘and universal optic transport network for critical transmission lines…’

“Design, Manufacture, and Supply of Greaves circuit breakers, procurement of 132KV Isolators, 15 sets of 500KVA 33/0.415kV earthing Transformers, the procurement of 400AH battery banks, 50V and 110V DC Battery Chargers for various Substations in the Northern and Southern regions of the country.”

He said the approvals will help improve the network of the Transmission Company of Nigeria (TCN). “These approvals will help the Transmission Company of Nigeria improve on its efficiency and reliability.”