Nigeria’s Federal Executive Council (FEC) has approved about US$4.6 million (N706 million) for the overhaul of one of the units of Jebba Power Plant in northern Nigeria.Nigeria’s Minister of Information, Labaran Maku, told journalists after the meeting of FEC late Wednesday in Abuja that the money was the counterpart funding from Nigeria on the venture with Japanese government that had given a grant of N3.9 billion (about US$26 million).
He disclosed that the country decided to buy the generator’s special tools for Jebba Hydro Electric Plc, and offered the contract to Messrs Marubeni Corporation to overhaul one of the units of Jebba Power Plant and that the contract had a delivery period of 10 months.
The power plant is expected to guarantee steady supply of another 96.4mw of electricity on completion.
Maku also said that FEC approved the development of the Phase 4B port facilities at Onne Oil and Gas Free Zone, Onne Port Complex, Port Harcourt, at a cost of US$2.8 billion.
Maku explained that the concept of the development of the facilities was to decongest the Lagos and Port Harcourt ports.
The project is expected to generate 4,000 job opportunities during its execution, and about 20,000 direct and indirect job opportunities when in full operation.
It has a completion period of six years and a concession period of 25 years to be solely pre-funded by the contractor, Messrs Deep Offshore Services Nigeria Limited.
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