FG ratifies $440.3m power contracts

•Row over N600b gas-to-power project The Federal Executive Council (FEC) has approved the variation of the terms of agreement of two electricity generation contracts and also ratified President Goodluck Jonathan’s anticipatory approval for a third, totaling $440.3 million. The three contracts, on completion, are expected to generate a combined 3,500 mega watts (mw) of electricity. Minister of Information, Labaran Maku, told journalists at the end of the council’s meeting, yesterday, in Abuja ...
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Added February 16, 2011
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