FEC approves $2.5m for power projects

…ratifies greenhouse emission reduction report

The Federal Executive Council has approved $2,541,689 and N498,230,281 for four power projects, Minister of Power Saleh Mamman, has said.

He announced the contracts on Wednesday while addressing State House Correspondents after the week’s virtual meeting presided over by Vice-President Yemi Osinbajo in Abuja.

The minister said FEC approved the supply and installation of 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 for $874,800 offshore, plus N240,100,000 onshore, with a delivery period of nine months,” he said.

He said 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 for $661,220 offshore and N127,758,781 onshore with a delivery period of 12 months.

Mamman said, “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 for $502,719 plus N114,571,500 with a delivery period of six months.”

FEC, he said, ratified an anticipatory approval received from President Muhammadu Buhari on the Nationally Determined Contribution as part of commitment to the climate change pact.

The minister said the contribution saw Nigeria agreeing to cut greenhouse gas emission by 20 per cent as of last year and by 45 per cent in 2030.

He added 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 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 per cent, unconditionally, meaning we can do it by ourselves; that’s by 2020. The 20 per cent is by the year 2020. At the same time, we are also committed to reducing 45 per cent by 2030. That’s 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. Then, before July 31, you’ll submit the final report.”

Asked if Nigeria achieved the 20 per cent emission cut last year, he said, “Based on our calculations, we have met that 20 per cent last year. In fact, I can even say we have surpassed that. That’s why we took that as unconditional.”