The Federal Executive Council approved $2.54m and N498.23m for four projects in the Ministry of Power.
The Minister of Power, Saleh Mamman, disclosed this on Wednesday to State House.
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 a motorised portable hydraulic compressor for the Transmission Company of Nigeria in favour of Messrs Intern Equipment Nigeria Limited for $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 $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 $661,220 offshore and N127,758,781 onshore with a delivery period of 12 months.”
He said approval was also granted for the contract for procurement of 10 sets of 330KV and 30 sets of 133KV circuit breaker for the TCN in favour of Horsepower Engineering Trading Limited in the sum of $502,719 plus N114,571,500 with a delivery period of six months.
On his part, the Minister of Environment, Mohammad Abubakar, said the council ratified an anticipatory approval received from the President, Major General Muhammadu Buhari (retd.) on the nation’s Nationally Determined Contribution, which is part of its commitment to the climate change pact.
He noted that Nigeria committed to cut greenhouse gas emission by 20 per cent as of last year and by 45 per cent in 2030.
“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 Nationally Determined Contribution.
Asked if Nigeria achieved the 20 per cent emission cut last year, Abubakar said, “Yes, we have. Since the ratification of the Paris Agreement on Climate Change in 2016 and even before then, the government has put in several interventions to deal with the issue of climate change.”