THE Federal Executive Council (FEC) yesterday approved $2,541,689 and N498,230,281 for four projects in the Ministry of Power.
Power Minister Saleh Mamman announced the contracts while addressing State House Correspondents after the week’s virtual meeting presided over by Vice-President Yemi Osinbajo in Abuja.
The minister, who was accompanied by his counterparts in the ministries of Works and Housing (Babatunde Fashola), Environment (Muhammed Mahmood) as well as Information and Culture (Lai Mohammed), gave details of the contracts.
He said the FEC approved the supply and installation of motorised portable hydraulic compressor for the Transmission Company of Nigeria (TCN) 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.
The third approval, the minister said, 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.
“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,” Mamman said.
Mahmood said FEC ratified an anticipatory approval received from President Muhammadu Buhari on the nation’s Nationally Determined Contribution (NDC), which is part of its commitment to the climate change pact.
The minister said the contribution saw Nigeria agreeing to cut greenhouse gas emission by 20 per cent as at 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.
“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,” Mahmood said.
“We have done that. Part of this reporting is, again, for every country. Doing that will put the country on a good footing, as far as climate change action is concerned. This has a number of sectors that we depended on to be able to reach this: Power, Agriculture, Transportation.
“These are areas that we used as part of attending to that commitment that we made and today, we have gotten the approval of the ratification following that statutory approval by Mr. President. So, Nigeria is currently in good standing, as about 100 countries have already submitted and Nigeria is one of those,” he added.
Asked if Nigeria achieved the 20 per cent emission cut as at last year, Mahmood said: “Yes, we have. Since the ratification of the Paris Agreement on Climate Change in 2016 and even before then, government has put in a number of interventions to deal with the issue of climate change. You see, climate change did not just start in 2016; that year just happened to be like the culmination of the problem that showed and there’s need for an immediate action on climate change.
“So, the government rolled out a number of things and this was even before I became a minister. We have done so much. I can give you an example. That was when we started the issuance of green bond, and bond issuance is to generate money, solely for green projects.
“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. It’s something that we know already we can,” he said.
