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FEC approves N30 77bn contracts

“One, it approved the payment of the claims and the variation of onshore and offshore cost of the existing contract for the construction of 1×1 50 MBA three 31, 32, 33 KV sub-stations at Damaturu and 1×330 KV land by extension at Gombi in favour Msssr Kadlak International Limited for $1,621,423.88 cents plus N102,905,606.7. “The other one is the approval of the contract for the design, manufacturing and supply of four fabricated sub-stations of 2×100 MBA 132 33 KV power transformers with complete accessories for deployment to Damaturu, Potiskum, Biu, and Maiduguri for the Transmission Company of Nigeria in favour of Msssr Kidon T Good Electric Company Limited and Incomtel Engineering Limited for $24,387,850.22 cents plus N1,475,204,584.34. Altogether, it is N10,730,393,742.82”, he said.

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