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Nigeria approves $2.6m to drive four power projects

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Nigeria approves $2.6m to drive four power projects

The federal government of Nigeria, in a meeting presided over by the Vice President of Nigeria, Yemi Osinbajo, has approved four power projects across the country that will amount to $2.6 million. This was recently disclosed by the Minister of Power, Saleh Mamman.

Providing details of the power projects, Mamman acknowledged that the Federal Executive Council (FEC) gave its approval on four power projects. They are summed up as follows:

The first approval is for the supply and installation of a motorized portable hydraulic compressor for the Transmission Company of Nigeria (TCN) in favour of Messrs Intern Equipment Nigeria Limited in the sum of US$502,950 plus $38,490 (N15,800,000).

The second is 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 in the sum of US$ 874,800 offshore plus N240,100,000 onshore with a delivery period of nine months.

The third is for 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 in the sum of US$ 661,220 offshore and N127,758,781 onshore with a delivery period of 12 months.

The fourth approval is for the procurement of 10 sets of 330 kV and 30 sets of 133 kV circuit breakers for the TCN in favour of Horsepower Engineering Trading Limited in the sum of US$ 502,719 plus N114,571,500 with a delivery period of six months.”

Achieving a 20% emission cut in 2020

In addition to the approval of the power projects, the federal government had also approved the interim report on greenhouse gas emission reduction for the country as well as a Nationally Determined Contribution (NDC) for climate change pact.

On that note, the Minister of Environment, Abubakar, said the FEC ratified an anticipatory approval received from President Muhammadu Buhari on the country’s Nationally Determined Contribution (NDC), which is part of its commitment to the climate change pact.

He stressed that contribution saw Nigeria agreeing to cut greenhouse gas emissions by 20% as of last year and by 45% in 2030, adding 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, seeking the ratification of an anticipatory approval that we received from the president on the submission of our primary Nationally Determined Contribution (NDC).

“So, we did the first interim report, which a country is supposed to send in an interim report to the United Nations Climate Change desk, and then before July 31, you would submit the final report.

We have done that and part of this reporting is for every country, doing that will put the country on a good footing as far as climate change action is concerned, and 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 to attend to that commitment that we made, and today, we have gotten the approval of the ratification following that statutory approval by the president. So, Nigeria is currently in good standing, as about 100 countries have already submitted, and Nigeria is one of those.”

When asked if Nigeria has achieved the 20% emission cut as of last year, Abubakar replied in the affirmative. “Yes, we have”, he said.

He called attention to the fact although ratification of the Paris Agreement on Climate Change took place in 2016, climate change preceded that.

According to him, that year happened to be the peak of the problem that showed up, and while there’s a need for immediate action on climate change, the Nigerian government has set up a number of interventions to deal with the issue of climate change.

He cited the issuance of green bonds as an instance of how money was generated for green projects at that time.

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