It also said that it was ready to commence the distribution of four million free electricity prepaid meters at the second phase of the free metre programme.
Minister of Power, Mr. Mamman Saleh, told journalists at the conclusion of the FEC assembly, presided over by President Muhammadu Buhari at the State House, Abuja, the projects were for the Acquisition of equipment in addition to designs and manufactures.
The fund also covers the upgrading of the country’s electricity facility and the improvement of electricity supply nationally.
According to him, the Ministry of Power presented six memoranda to the council, all of which were approved.
The aggregate of all the figures, in both naira and dollar denominations, is a total of N6,156,168,822, when the dollar part is converted through the official exchange rate of N380 to $1.
The first one is that the award of a contract for the design, production and supply of critical spare components for Crompton Greaves 330 kV, 132 kV and 33 kV circuit breakers to Messrs. Legen Engineering Nigeria Limited in the sum of N298,339,887.04.
“The third award of the contract will be for the acquisition of 50 pennies also of 132 kV isolators for the TCN in favour of Messrs. Leading Diagonal Engineering Nigeria Limited in the sum of $840,650 plus N53,900,000 inside the delivery period of six months.
“The fifth one is the award of the contract for the design, supply and installation of Optical Wire (OPGW) and Universal Optical Transportation Network System (OTN) for some important transmission lines in favour of Messrs. Xinjiang Power and Transportation Company Limited in the sum of $6,800,743.51, plus N668,843,634.74, with a delivery period of 12 weeks.
“The last one is the up review of the regeneration for its design, manufacture, supply, installation and commissioning of 1X 100MVA, 132/33kV electricity transformers at Ogba Transmission Substation, Lagos, in favour of Messrs. Power Control and Appliances Limited, in the amount of 648,038.31, also N48,342,524.18, together with the delivery interval of six weeks.
“These procurements are geared towards updates of the transmission system, to the grid, so that we could have sufficient electricity supply to the nation”.
The Union added that the national government will begin the next stage of the free distribution of four million prepaid electricity meters to Nigerians.
According to him, the federal government is almost through with the distribution of one million free pre-free paid meters into Nigerians.
“We’ve practically finished with phase zero, we’re now going into phase one of the distribution of the meters, that is the remaining four million that the central bank promised to fortify with.
“The initial set is one thousand, we are about to finish with this, but you know, it’s not the goal, one million is quite negligible compared to the need of Nigerians,” he said.
Asked if there was any improvement in power generation, Saleh explained: “We’re advancing, it (power generation) has enhanced, you can see, I do not need to tell you.
“We are moving from 3,000 megawatts, now we’re generating around 5,000 megawatts or over that, therefore it’s a great improvement.”
The minister stated that the government was making sure that the power supply was steady and working towards updating the distribution” from state 4000 megawatts to 5,000 to 6,000 to 7,000 megawatts and so forth.
“So, the further people replace some obsolete and obsolete equipment, the more people enhance the supply of power .”
Asked if he agreed with the report that over 70 per cent of Nigerians who have power distribution have less than 12 hours per day, he said: “It all depends. You know we’ve rated the distribution dependent on the metering.
“Unless the meters are sufficient, we won’t know where and which to push 24 hours supplies since there are some men and women who are willing for 24 hours and there are those who are not ready for 24 hours supply of light.”