FEDERAL EXECUTIVE COUNCIL (FEC) APPROVED CONTRACTS FOR NOVEMBER 11, 2009
1.) Contract Item / Service: Approve the revision of the payment terms on the contract for the complete overhauling and commissioning of the intake Band Screen System at Egbin Electric Power Plc.
Name of Company: Messrs. Valenz Holdings Limited
Implementing Agency: Federal Ministry of Power
Cost: N1,025,684,024.06 To £3,426,718.78 Plus N168,372,802.99
Date: 11th November, 2009
Duration: 8 Months
2.) Approve the Award of Contracts for the following Projects:
2.1.) Contract Item / Service: Construction of 2 x 60MVA 132/33KV Substation at Oba and 2 x 132kv Line Bays each at Oba and Nnewi 132kv
Name of Company: Messrs. GIT International Limited /Xian Engineering Limited
Implementing Agency: Federal Ministry of Power
Cost: €5,885,987.32 Plus N860,448,957.42 inclusive of 5% VAT and 10% contingency
Date: 11th November, 2009
Duration: 18 Months
2.2.) Contract Item / Service: Construction of 2 x 60MVA 132/33kv Substation/2 x 132kv Line Bays at Ideato and 2 x 132kv Line Bays Extension at Okigwe Sub-station.
Name of Company: Messrs. Ashtavinayaka/Bran Engineering (Nigeria) Limited
Implementing Agency: Federal Ministry of Power
Cost: USD7,940,016.20 Plus N825,583,544.60 inclusive of 5% VAT and 10% Contingency
Date: 11th November, 2009
Duration: 18 Months
3.) Contract Item / Service: Approve the Award of Contract for the Construction of Ivo Dam in Enugu State
Name of Company: Messrs. D.A. Limited
Implementing Agency: Ministry of Agriculture and Water Resources
Cost: N2,143,301,160.00
Date: 11th November, 2009
Duration: 24 Months