Tag: GE

  • GE completes Port  Harcourt refinery project

    GE completes Port Harcourt refinery project

    GENERAL Electric (GE) has completed the supply and installation of three 25 megawatts (MW), trailer mounted TM2500+ aeroderivative gas turbines at the Port Harcourt refinery in Nigeria.

    In November 2013, Genesis Electricity Limited, an independent power producer, signed a 20 year power purchase agreement with the Nigerian National Petroleum Corporation (NNPC) for the installation of the GE TM2500+ units at Port Harcourt. The agreement also included the future modernisation of two more Nigerian refineries.

  • Flour Mills to generate 12.5mw with GE’s diesel engine

    The general Electric (GE)’s  distributed power business arm has said the United Kingdom (UK)-based power provider, Clarke Energy, is supplying its new diesel engines to Flour Mills of Nigeria Plc for the generation of 12.5 megawatts, enough for 33,000 homes.

    The deal will solve the energy needs of the company, reduce pressure on supply from the national grid and encourage growth in the sector.

    This deal, according to the company, was the first sale of GE’s new 616 diesel engine globally. The engine delivers higher fuel efficiency and extended service intervals than many other engines. Clarke Energy said this at the East African Power Industry Convention in Nairobi, Kenya.

    “As Nigeria continues to grow its industrial might in the global economy, we have opted to invest in GE’s new 616 diesel engines to deliver higher fuel efficiency at our sites in Lagos and Kano. We have been working with Clarke Energy since 2005, and we are confident in its ability to support us in the engineering installation and maintenance of the units,” said Flour Mills’ Chief Executive Officer,   Paul Gbededo,

    The company’s  project will include five of GE’s 616 units, delivering up to 12.5 megawatts (MW) of power. Two of the units will be used at the Kano facility in northern Nigeria, where natural gas access is limited and where older, less-efficient diesel units have been used in order to maintain power for production. The new GE engines will deliver 5 MW of baseload electrical power, with an expected capital payback in less than 12 months on diesel fuel cost savings alone.

    The other three GE engines will be at Flour Mills’ facility in Apapa, where Clarke Energy opened its first sub-Saharan Africa site about a decade ago. This site features 11 GE’s J620 gas engines, and the diesel units will provide back-up capacity during the  maintenance of its equipment or in the event of supply failure.

    “The sale of the engines to our valued long-term customer Flour Mills of Nigeria demonstrates the significant benefits of reduced fuel consumption and extended maintenance intervals from GE’s new 616 diesel platform,” said Alan Fletcher, main board director, Clarke Energy.

    Clarke Energy, he said, has had a long history in sub-Saharan Africa. Its first office was opened in 2005 in Apapa, Lagos, and over 250 MW of gas-fueled power plants have since been installed to meet expansion of Nigeria’s domestic gas supplies. Since inception, Clarke Energy’s Nigerian operations have expanded and moved to Ikeja GRA, opening a new branch office in Port Harcourt in 2012.

    GE’s 616 diesel engine is based upon the highly successful Jenbacher Type 6 reciprocating engine and GE Transportation’s P616 locomotive diesel engine. The engine’s design is characterised by its world-class efficiency and extended maintenance intervals, which result in lower fuel consumption and higher levels of availability.

    “Our new 616 diesel engine is the first high-speed model for power generation, allowing us to serve customers with a wider reciprocating engine portfolio. We are honoured by the trust Flour Mills of Nigeria has extended to Clarke Energy and GE as collaborators in providing power generation for their growth. Flour Mills will benefit from the 616, which couples medium-speed engine fuel economy with the lower costs of high-speed engines and helps customers improve their total life cycle costs,” said Cory Nelson, general manager, diesel engines of GE’s Distributed Power business.

    GE Power & Water’s Distributed Power business is a leading provider of power equipment, engines and services, focused on power generation at or near the point of use. Distributed Power’s product portfolio includes GE’s aeroderivative gas turbines and reciprocating engines, which generate 100 kilowatts to 100 MW of power for numerous industries globally.

  • Fed Govt, GE partner on refineries’ future

    General Electric (GE) is discussing with the Federal Government on how to provide applications that would enhance the operations of the refineries, its Chief Operating Officer in West Africa, Uzochi Nwagwu has said.

    He said this while unveiling the company’s plan for the industry. He said at the end, a strategy on how to improve the refineries’ capacity would be announced.

    He said the company also planned to invest $1 billion in the industry over the next five years.

    Nwagwu said $250 million of the amount would be spent on infrastructure and development of its facility in Onne, Rivers State, while the balance would be for maintenance of operations.

    He said: “We will continue to operate in Nigeria irrespective of challenges facing the country.  That is why we are committing a lot of money to our operations as well as trying to help the energy sector by deploying solutions that would meet its needs.

    “The company is having a broad-based discussion with the Federal Government on the issue of helping improve the capacity of the refineries.  We are looking at the basic components we can bring into the refineries. This may not necessarily address the entire problems facing the refineries; however, we are having discussions to see how we can help in solving some of the problems.”

    According to him, the company is not new in oil and gas business as many have been made to understand.

    “Our interest in oil and gas is more than a decade, though our core areas are power, health and transportation sectors. The need to tap into the huge opportunities in the oil and gas informed the decisions now. As regards oil and gas, we have substantive infrastructure in place to meet the needs of the operators,” he added.

    He said the fiscal regime is not friendly to both the International Oil Companies (IOCs) and the local operators. “We see Nigeria as a country with 170million population; a country where there are challenges in the areas of hydrocarbon, power, healthcare, and transportation. In those challenges, we observe that there are immense opportunities for General Electric to play its roles as a global energy solution provider.

    “With respect to fiscal regime, we do hope that the climate would change for better because we provide services to IOCs, and national oil companies. We would like to see an investment-driven climate for the good of operators,” he added.

  • GE unveils scanner

    GE has developed a technology that will simplify, automate and speed up the ultrasound transducer manufacturing.

    Additive manufacturing technology can eliminate traditional time-consuming and costly processes, such as lamination and cutting to enable more affordable and more accessible ultrasound systems for doctors and their patients.

    The firm made this known in Lagos at a forum organised by GE as part of activities for the three-week promotion of GE Nigeria manufacturing Garages.

    The General Manager of GE healthcare Mr. Alex Canfor-Dumas said GE is committed to the use of advanced technology and innovation in patient care and management.

    He said the silent MR Scanner is one of the latest technologies by GE to address the horror of the load noise experienced by patients undergoing MRR scans.

    Canfor-Dumas said no longer have to go through the ordeal of repeating MR examinations due to lack of cooperation from patients as the new technology has helped to humanise MR examinations. GE is the first to accomplish this great task in healthcare globally.

    Garages Nigeria will run till  today at GE’s regional headquarters in Lagos. It will feature speakers sessions and workshops amid a fully equipped fab lab.

    At the event, participants will work with experts and use advanced hardware and software to bring their ideas to life, using equipment such as CNC mills, laser cutters, 3D printers, and electrical engineering kits to create new parts and prototypes.

    In partnership with the Dangote Foundation and other local partners, Garages Nigeria will expand into a programme dedicated to training skilled entrepreneurs, employable workers and creating employment opportunities among service suppliers within the growing Power Generation sector.

     

  • New technology to ease delivery

    General Electronics (GE) has developed an additive technology for making delivery easy. The technology can also speed up the ultrasound transducer manufacturing process. Besides, it can eliminate time-consuming and costly processes, such as lamination and cutting.

    The technology will ensure affordable and more accessible ultrasound systems for doctors and their patients.

    The company has presented the technology to some health workers.

    Speaking on the role of technology in healthcare delivery, the General Manager of GE Healthcare, Alex Canfor-Dumas, said GE was committed to the use of advanced technology and innovation in patient care and management.

    He said the silent MR Scanner is one of the latest technologies by GE to address, “the horror of the loud noise usually experienced by patients undergoing MRR scans. Patients no longer have to go through the ordeal of repeating MR examinations due to lack of cooperation from patients as the new technology has helped to humanise MR examinations. GE is the first to accomplish this great task in healthcare globally.”

    Canfor-Dumas said: “Garages Nigeria will run till next week Wednesday, July 11, at GE’s regional headquarters in Lagos, and will feature curated speakers sessions and workshops amidst a fully equipped fabulous laboratories. Participants can work with technical experts and use advanced hardware and software to bring their ideas to life, using equipment like CNC mills, laser cutters, 3D printers, and electrical engineering kits to quickly and collaboratively create new parts and prototypes.

    “In partnership with the Dangote Foundation and other local partners, Garages Nigeria will expand into a programme dedicated to training skilled entrepreneurs, employable workers and creating employment opportunities amongst service suppliers within the growing power generation sector.”

  • GE, BoI partner on healthcare infrastructure devt

    GE, BoI partner on healthcare infrastructure devt

    General Electric (GE) and Bank of Industry (BoI) are partnering to develop infrastructure in the healthcare system to reduce non-availability of facilities in the sector.

    The Managing Director/Chief Executive Officer (CEO), GE Nigeria, Dr Lazarus Angbazo made this known while highlighting the intervention of GE in the health, power and oil and gas sectors of the economy.

    Angbazo said his company is working with the Bank of Industry (BoI) on project for a diagnostic network of about 40 diagnostic centres, which will be pan-African but refused to give details on the project’s execution and countries or areas such diagnostic centres would be located.

    Angbazo said: “When we talk about signing a commitment with the government of Nigeria in the healthcare infrastructure, there were things we said we will do. Number one is to support the development at the minimum four new diagnostic centres, two new specialist hospitals, provide continuing technical and leadership training for professionals in the healthcare industry and number four is to develop strategies to rural health.

    “Since we signed the agreement, we have developed eight diagnostic centres, three of which are in construction, two in Lagos and one in Abuja. We are also working with the Bank of Industry (BoI) on project for a diagnostic network of about 40 diagnostic centres. This project will be pan-African but it is a Nigerian company that is working to develop that. I will not go into details.”

    He also said that GE recently did ground-breaking with American hospital in Abuja for a specialist hospital, which will focus on baby and mother healthcare adding that they have started doing work at the temporary site in Maitama, Abuja. “Our chairman was here in January when we did the ground- breaking on that. We are also working with a number of other major hospitals in Abuja such as Reliance Hospital and also supporting some of partners in technology and training,” he added.

    He also explained that in the memorandum of understanding (MoU) the company signed with the government, GE promised to that any eligible project in the power sector, it would invest 5 to10 per cent of the equity. For instance, if a project is 500 megawatts (MW), which costs between $600 million and $750 million, the five percent equity of this is a huge amount of money, and if you multiply this with dozens of such projects we are looking at, you will appreciate the level of investment we are making in the power sector, he added.

    He however, noted: “But equity is not the real story; the real story is the foreign investment that will come in from our partners around the world because when they hear that GE will put in not just equipment but will bring in some developments on permanent category, they would want to jump in.  “Many of our partners from across the world, Korea and China, among others, in order to be able to play, we make a requirement that they should put real skill in the game. The biggest risk taker in Nigeria today is GE and that signal alone gives them confidence that the project will be done. I cannot give you specific amount as in investment GE has made in Nigeria but across the board even in the power sector; we are doing a lot in terms of financing, capability, localization and direct foreign investment (FDI). We replicate the same story in healthcare and transportation.”

  • GE to partner US on $1.6m grant

    GE to partner US on $1.6m grant

    GE has said it is in partnership with the United States Trade and Development Agency (USTDA) to provide a $1.6 million grant specifically earmarked for market feasibility studies to develop hospitals in Nigeria.

    The fund aims at creating bankable business strategies for hospitals across the six geo-political zones in the country.

    Other guests and stakeholders who participated in the Healthcare roundtable at the GE office include the U.S Consul-General Jeffrey Hawkings, US Consul-General in Nigeria, Dr Babatunde Sagoe, Chairman of the Lagos state Primary Healthcare Board and Dr Efunbo Dosekun of the Outreach Children’s Hospital, Lagos.

    Speaking on the challenges in addressing maternal and infant mortality in the country, Dr Doseku said inadequate capacity amongst care givers and inability of most healthcare centres to leverage on appropriate innovative technology was hampering the attainment of the Millennium Development Goals (MDGs) on Infant and maternal health care delivery in the country.

    Dr Sagoe said to bring primary healthcare delivery closer to the people, the Lagos state government had set up seven out of 10 planned maternal child healthcare centres within the General Hospitals across the state.

    “You would recall that only last week at the World Economic Forum, GE announced a $20 million partnership with the Federal Ministry of Health and the United States Agency for International Development (USAID) to address infant and maternal healthcare issues,’’ he added.

    Specifically, the Initiative will bring together mobile and alternative powered health technology; task-shifting programs for nurses and midwives through a significant focus on training and education; and consumer education for pregnant mothers to drive the right referrals at the right time to impact MDG  four (reducing child mortality) and five (improving maternal health).

    Under the terms of the agreement, each of the respective partners will contribute towards the $20 million programme in the first phase for the acquisition of point-of-care equipment to strengthen the effectiveness, impact, efficiency and sustainability of primary care health facilities and services in rural and urban areas. The multilateral agreement provides scope for the addition of third parties in phase two, including donors, NGOs and other experts to ensure long-term sustainability and achievement of critical programme objectives.

     

  • GE partners Century Power to deliver 1,500 Mw

    General Electric (GE) has  has entered into partnership with Century Power, a leading independent power producer to build a 1,500 megawatt (Mw) gas-fired power plant in Okija, Anambra State. The project will be completed in phases with the first phase delivering 500 Mw by 2017.

    President/Chief Executive Officer (CEO), GE Nigeria, Dr Lazarus Angbazo, said GE will support the project with long term equity participation, facilitate financing of equipment, operation and maintenance, and long term service contract. For the provision of Engineering Procurement and Construction (EPC), GE has concluded plans to work with Daewoo of Korea.

    Chairman of Nestoil Group, owners of Century Power Generation Limited, Dr. Ernest Azudialu-Obiejesi, said he was delighted at the partnership which he said will transcend the power sector to other sectors such as healthcare, oil/gas, and energy management.

    CEO of Century Power generation Limited, Dr. Chukwueloke Umeh, said GE emerged the preferred bidder for the project through a rigorous competitive and transparent process. He thanked GE for the support so far especially in facilitating different financing meetings.

    GE’s Global CEO for Power and Water, Mr. Steve Bolze, thanked management of Century Power for the confidence reposed on GE.

  • ‘Nigeria requires 50,000mw to grow economy’

    Nigeria requires over 50,000 megawatts (MW) of electricity to be economically viable, the Chief Executive Officer, General Electric(GE) Nigeria, Lazarus Angbazo, has said.

    Angbazo, who spoke at a Power Investors Conference in Lagos, said the volume of electricity production in the United States and Britain is huge, hence their ability to develop economically.

    “Texas alone generates over 34,000 megawatts of electricity-nearly eight times than the whole of Nigeria. The city of New York with a population of eight million consumes about 40,000 mega watts, far higher than what Nigeria is currently generating, adding that there is hope of improved power supply, given the on-going privatisation in the sector.

    ‘’ As primitive as the present situation appears, nearly everyone can now see light at the end of the tunnel due to a combination of factors. Fundamentally, a well-thought out power sector reform is being implemented by the Nigerian government. Our confidence is buoyed by the fact that the right steps are being taken in the right direction.

    “As you are aware, the power sector is capital intensive and the financial and technical resources required to rescue Nigeria from dismal and unacceptable condition are clearly beyond the government’s capabilities. This is why we believe that government has done the right thing by implementing full-scale privatisation, ’’ he added.

    According to him, the greater dividends accruable from government’s reform efforts will exert overwhelming results in the overall economy by the time it is completed.

    ‘’ Just close your eyes for a second and imagine what would happen to the Nigerian economy if we are generating between 40,000 or 50,000 megawatts of power. Imagine the impacts on the Small and Medium Scale Enterprises (SMEs), job creation, per capital income, inflation, the cost of doing business and so on,” he noted.

    It will be recalled that the global infrastructure giant recently signed a financing agreement with Standard Bank, Africa’s leading financial institution in a partnership that seeks to provide affordable access in the continent.

    The partnership will target 10 priority countries such as Nigeria, Angola, Tanzania, South Africa and Ghana. Others are Kenya, Mozambique, Uganda, Ethiopia and South Sudan. Financing activity will centre on project finance, equipment finance, trade finance and advisory. The programme will be open to Independent Power Producers (IPPs) and non- recourse infrastructure projects, industrial and manufacturers, natural resource companies, food and agricultural processors and other burrowers.

  • GE,BOI sign MoU to support MSMEs with $500m

    GE,BOI sign MoU to support MSMEs with $500m

    General Electrical (GE), a leading infrastructure and technology company, and Bank of Industry (BOI) have announced plans to support small and medium enterprises (SMEs) in Nigeria in the infrastructure sector.

    This is contained in a statement issued in Abuja on Friday by the company’s Corporate Communications Manager, West Africa, Mr Osagie Ogunbor.

    According to the statement, the plan will see funding support to the tune of 500 million dollars made available to critical sectors of the economy like healthcare, power and transportation.

    It added that these sectors would have access to financing for equipment and service contracts as well as management and technical training over a period of at least five year.

    Speaking at a briefing, the Managing Director of BOI, Ms Evelyn Oputu, said that the initiative was intended to support the establishment, modernisation and expansion of high technology SMEs.

    She said that the initiative would also provide the companies with more competitive platform to recruit and retain highly skilled Nigerians currently with leading organisations outside the country.