The Federal Executive Council, on Wednesday, approved a total of N28bn for the power projects, particularly those to be implemented by the Transmission Company of Nigeria.
The projects include the “reconductoring” of at least 1,022 kilometres of lines on the national grid, costing N26.6bn. The second project involves the procurement of 20 Transformer ton analysers which will cost N1.4bn.
The Minister of Power, Abubakar Aliyu, disclosed this while briefing State House correspondents after this week’s Federal Executive Council meeting presided over by President Muhammadu Buhari at the Aso Rock Villa, Abuja.
Aliyu said the reconductoring was necessary to avoid the sagging of transmission cables since the old ones are heavier, weaker and now pose a hazard.
Aliyu said the project includes an offshore component of $11.19m and an onshore component of N421.49m.
