General Electric signs deal to boost Port Harcourt Refinery in Nigeria

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General Electric’s Power Services revealed that it signed a multi-year service agreement with GEL Utility Limited (GELUL), a joint subsidiary of Engro Corporation of Pakistan and Genesis Power and Energy Solutions.

The deal was designed to support the power generation requirements of the Port Harcourt Refining Company in Nigeria, a subsidiary of the Nigerian National Petroleum Corporation. The deal, which is a 12-year agreement, will include the provision of parts, spares and repairs.

It will also include services for over two major inspection cycles for three units of GE’s TM2500 aeroderivative gas turbines earlier installed at the plant site in March 2015.

The agreement will encourage uninterrupted power supply to the Port Harcourt Refining Company, as well as improve plant efficiency and help ensure long-term, reliable operation of the facility’s GE’s TM2500 aeroderivative gas turbines.

The Chairman, Genesis Energy Holding, Akinwole Omoboriowo, said “as an integrated energy company with a constant focus on commitment for greater efficiency in our investments and reduction of our costs without compromising the safety and production goals of our customers, we have been working with GE for several years to ensure optimum performance of the power generation assets installed at our various plants”.

He added that “we are pleased with this unique transaction experience with GE, which will help our esteemed customer, the Nigerian National Petroleum Corporation, to accomplish the scheduled outages of our assets at the Port Harcourt Refining Company, while also increasing significantly our savings in maintenance throughout the duration of the agreement”.

General Electric’s Power Services offering will also feature the expanded capabilities on GE’s TM2500 fast power solution assets installed at the plant. Within days, GE’s TM2500 aeroderivative gas turbines enable governments, utilities, and businesses around the world to fulfil their generation requirements.

Narendra Asnani, the Executive Sales Director for GE Power Services, Sub-Saharan Africa said “sustaining gas turbine performance in these present times of ever-shrinking budgets can be a difficult challenge. As oil prices are a determinant of the country’s growth pattern; this service agreement is crucial to help improve power supply for the constant production of one of the nation’s leading facilities”.

Asnani concluded by saying “I’m therefore very proud we’ll be able to provide the right tailored services solutions to help reduce GELUL’s operational and maintenance costs, while providing operational and technical support for the next twelve years”.

The Port Harcourt Refining Company which specialises in the refining of crude oil into petroleum products would have an optimal supply of the power it needs to run its plant reliably and efficiently.

 

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