• Wed. May 31st, 2023

FG Okays N452.72M for Power Contracts

ByYinka Okeowo

Jun 2, 2022

Rab Power Industries Limited will supply and install emergency restoration systems and 132KV transmission lines for ongoing rehabilitation works in Lagos, the Federal Government said on Wednesday.

The Federal Executive Council approved the sum of N452.72M for the supply. The Minister of Power, Abubakar Aliyu, said the onshore component of the contract was N7.393m.

He said: “The top item is a variation on a subsisting contract of a sub-station in Katsina and nine…in Kano and the variation sum is only on the onshore component of the contract which has an offshore and onshore component as usual with electricity contracts.

“So, it’s only affecting the onshore component due to an escalation of construction materials within. And the sum is N445,326,643.12 and the subsisting contract amount as I told you the offshore is not affected.

The onshore which was N939,410,664 has now moved to N1,938,737,307.12 and the Council graciously approved.”


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