The Federal Executive Council (FEC) yesterday approved N47 billion for the provision of additional 40 megawatts of electricity to the national grid.
Minister of Power, Sale Mamman, made the disclosure while briefing State House correspondents on the outcome of the first e-cabinet meeting presided over by President Muhammadu Buhari in Abuja.
He said the 40 megawatts would be evacuated from Kashimbilla Dam in Taraba State.
“The council approved the ministry’s memo for the revised estimated total cost for the augmentation of the subsisting contract in the sum of N47, 235, 303, 821.90 to provide additional critical power grid infrastructure for the full evacuation delivery and utilisation of 40 megawatts, currently being generated from Kashimbilla, via Takum, Wukari and Yandev to the national grid,” he said.
The minister noted that the move would boost power supply in Taraba and Benue states as well as the entire North East region, adding that if the generated electricity is not evacuated from its source, the nation would lose some 120 gigawatts of power (equivalent to $9 million) yearly.