The Nation Newspaper

Tag: GE

  • Transcorp, GE sign deal on power

    Transcorp, GE sign deal on power

    Transnational Corporation of Nigeria Plc (Transcorp) and General Electric (GE), yesterday signed a framework agreement to collaborate in addressing the infrastructural needs of Nigeria, with emphasis on the power and transportation sectors.

    In a statement, GE, confirmed its commitment to facilitate the generation of 10,000MW of additional power in Nigeria over the next decade in line with its existing agreement with the Federal Government of Nigeria, signed in March 2012.

    Transcorp Ughelli Power Plc (TUP), a subsidiary of Transcorp, is a publicly quoted and diversified conglomerate with strategic investments in the hospitality, agribusiness and energy sectors. TUP won the privatization bid for 100 per cent acquisition of the Ughelli power plant.

    The framework agreement, which was signed according to the statement, following a closed door meeting with GE’s global chairman, Jeffrey Immelt, and Transcorp Chairman, Tony O. Elumelu,  will enable both firms explore a partnership for the refurbishment and expansion of the Ughelli power plant in Delta State.

     

  • GE, GEL to supply power to Port Harcourt refinery

    GE, GEL to supply power to Port Harcourt refinery

    To resolve the recurrent power supply challenge to the Port Harcourt Refinery Company, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), Genesis Electricity (GEL) in partnership with General Electric (GE) of United States, have commenced the implementation of gas-fired Captive Power Project (CPP) to guarantee quality and uninterrupted electric power supply to the refinery.

    Speaking during a courtesy call on the Group Executive Director, Refining and Petrochemical, NNPC, Mr. Anthony Ogbuigwe at the NNPC Towers Abuja, the Regional Sales Director, Middle East Africa, Cees-Jean de Maaker of General Electric, assured the readiness of the partnership to provide reliable and qualitative electric power supply to the refinery facility.

    De Maaker stated the excitement of GE to partner with a professional and competent local company such as Genesis Electricity Limited. He said that GE is committed to ensuring full technical support across the spectrum of power plant installation, commissioning and subsequent long term management of the operations of the Genesis Electricity’s captive power plant investment.

    The Chief Executive Officer of Genesis Electricity, Mr. Akinwole Omoboriowo said that the objective of the partnership is to provide sufficient power supply to the Port Harcourt Refinery, to guarantee efficient operations of the refinery. He assured Ogbuigwe that it has commenced the deployment of the best power technology in the world to refinery and would keep to the schedule of the arrangement.

    He said that the GE would install power plants, operate and maintain the power plants over several years, adding that part of their obligation is to train young engineers.

    Ogbuigwe said the NNPC looks forward to the day when power supply to the PHRC would be stable and expressed confidence in the ability of the public private initiative to deliver on the mandate. He noted that the power project was close to the heart of the NNPC and implored the GE to justify the confidence reposed in them.

    Other members of the team were Felix Achibiri, a Director of Genesis Electricity, Jasper Ogbonna, Vice President – Finance, Genesis Electricity, Longinus Okereke of General Electric and Amina Lawal, Assistant Legal Officer of Genesis Electricity.