The last weekly Federal Executive Council meeting came with the news that the roll out of the four million free electricity prepaid meters by the Central Bank of Nigeria is about to commence. The announcement came from the Minister of Power, Mamman Saleh while responding to questions from the State House correspondents after the meeting which held at the Presidential Villa, Abuja.
As part of its support, the Central Bank of Nigeria (CBN) had made a pledge to support the Federal Government’s plan to provide free prepaid meters to her citizens by making an additional four million electricity meters available, making total number of meters to be distributed, five million. The distribution of the first one million is in progress and “we’re about to finish with that, but you know, it’s not the target, one million is very negligible compared to the demand of Nigerians. We are almost rounding off. We have almost finished with phase zero. We are now going into phase one of the distribution of the meters; that is the remaining four million the Central Bank promised to augment with.
Recounting the achievements of the power sector so far, Saleh said Nigeria no generates 5,000 MW which is over 50% increase compared to the initial 3,000MW; the FEC has also approved over NGN3 billion for the execution of six major projects proposed by the power sector. These projects were intended for the improvement of power supply across the nation as well as an upgrade in the nation’s electricity facilities.
The projects are: “the award of a contract for design, manufacturing and supply of critical spare parts 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 second one is the award of the contract for the procurement of 50 sets of 400 AH battery banks, 30 to 50 volts and 30 number of 110-volt battery charges for the substation used by the TCN in favour of Messrs. DTS Transformers Electric Industry Limited at the sum of N644,805,953.10.
“The third award of contract is for the procurement of 50 sets 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 within the delivery period of six months.
“The fourth one is the award the contract for the design, manufacturing and the supply of three 60/66 MVA 132kV power transformers with accessories and 15 number of 500 kV transformers, 33/0.415kV earthing transformers for the TCN in favour of Messrs. Zhenjiang Transformers Company Limited, in the sum of N1,296,953,044.55 with a delivery period of 12 months.
“The fifth one is the award of the contract for the design, supply and installation of Optical Wire and Universal Optical Transportation Network System for some critical 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 months.
“The last one is the upward review of the contraction for the design, manufacture, supply, installation and commissioning of 1X 100MVA, 132/33kV power transformers at Ogba Transmission Substation, Lagos, in favour of Messrs. Power Control and Appliances Limited in the sum of $648,038.31, plus N48,342,524.18, with the delivery period of six months.”
According to the Minister, “All these procurements are geared towards upgrades of the transmission system, to the national grid, so that we can have sufficient power supply to the nation.”