AMID growing epileptic power supply in the country, federal government has approved N1.4billion to boost operations of Transmission Company of Nigeria, TCN.
The approval was made by the weekly Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari in Presidential Villa, Abuja, yesterday.
Briefing State House Correspondent after the session, Minister of Power, Abubakar Aliyu explained the amount is meant for supply of more equipment.
According to him, two memos were presented by Ministry of Power for the Transmission Company of Nigeria.
“I presented two memos for the Transmission Company of Nigeria. The first one was variation of the sum of a contract for 132/33 KV substation at Kafanchan, Kaduna State with a KV line base extension at Jos substation, in Plateau State. This is in the sum of N132,705, 861.42. The second memo was for the supply of handling equipment, haulage and operational vehicles for the TCN at N1,338,159,080. 88. They are heavy lifting equipment that the TCN requires for doing its work in the store and on the field, while changing equipment and moving transformers and the council graciously approved,” he said.
Aliyu also noted that the second approval he got was for the supply of handling equipment and operational vehicles also for the Transmission Company of Nigeria at the cost of N1.3 billion.
It will be recalled that power outages had become a frequent trend in the past few weeks, following the alleged collapse of the national grid. But the situation had also been compounded with an increase in diesel, an alternative source of energy by most households and production firms, a development that has also resulted in a hike in goods and services.