ByÂ Ise-Oluwa Ige
ABUJA – IN a bold move to boost power generation, the Federal Government yesterday approved additional N4.60 billionÂ for power projects in the country. The money is for the award of two power contracts.
The government said this on a day it hinted that the 6,000 power generation target by the end of December 2009 is on line.
The Minister of State for Power,Â Mr. Nuhu Wya, said thisÂ yesterday at the end of the Federal Executive Council (FEC), meeting
He added that the government was already experimenting alternative source to power the turbines like low pour fuel oil (Black oil). He said the government is presently generating and distributing 2,450mega- watts.
The government also noted that the countryâ€™s generation capacity isÂ now slightly over 5,000 mega- watts.
On the additional fund approved for award of twoÂ power contracts, Wya said the first contract is for the design, manufacture and supply of spare parts for the regular maintenance of genertors and excitation systems at Shiroro Hydroelectric PlcÂ for Euro 2.79 million, plus N1.4 billion, payable at the prevailing exchange rate at the time of payment, with a delivery period ofÂ six months.
He said the second one is for the award of contract for the construction of 2x60MVA, 132/33KV at Odogunyan; 2x60MVA, 132/33KVA sub-station at Ayobo and Ikeja Westâ€“Ayobo 132KV DC Transmission line for Euro 11.42 million with a completion period of 18 months.
Wya, who did the briefing alongside the Minister of Information and Communications, ProfessorÂ Dora Akunyili and Minister of Interior, Dr. Mustapha Shetima, said the issue of power generation is not something one can do over night, but assured that the 6,000 target is on course.