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| FEC meeting |
On Wednesday, the Federal Executive Council approved contracts to improve the nation's electricity supply in several regions.
The delivery and construction of 33 KV substation equipment at Daura Emirate, Katsina State, given to Power Deal Construction Limited for the price of N4bn, is one of these, according to Minister of Power Abubakar Aliyu.
According to him, the council approved the award of a contract to two contractors for $581,629,355.93, inclusive of 7.5 percent at the current exchange rate, with a completion period of 36 months, for the engineering, procurement, construction, and financing of the implementation of 330 KV and 132 KV line transmission lines as well as 33 KV, 11 KV, and 400 PE distribution line projects under phase 1 of the presidential power initiatives.
He added that the council had also approved the contract award to Proserv Energy Services Limited for the construction of a 750 kW solar PV power plant at the TCN headquarters, which will cost N1.6 billion, inclusive of 7.5% VAT, and take six months to complete.
According to him, the Yobe State substation upgrade contract for the addition of 132 power transformers was also approved.
Construction of two 60 MBA and 132 line transmission substations in Sapade in Ogun State, in favor of Messes VNK International Technologists, was also approved.
The project's overall cost was N3.3 billion, with a $10.2 million foreign component.
Pauline Tallen, the minister of women's affairs, stated that the FEC approved the Women Economic Empowerment (WEE) strategy in order to support integrating women into financial planning and ensuring their participation in the development of the country.
Abubakar Malami, Minister of the Federation and Attorney-General of the Federation, reported that the council had authorized the formalization of the Public Private Partnership agreement between his office and Lexis of South Africa for the publication of the laws of the Federal Republic of Nigeria.
The contract, according to him, was examined to take into account technical advancement as well as the implementation and operation of the ICRC Act as it relates to public-private partnerships.
Malami claimed that the council also authorized the deployment and operationalization of the system for managing federal government contracts.
He stated that his ministry and Messrs Jeffreps Integrated Services Limited have renewed their public-private partnership agreement for the purpose of publishing and promoting Court of Appeal specialized law reports.