GE’s Power Services has signed a multiyear service agreement (MYA) with GEL Utility Limited (GELUL), to support the power generation requirements of Nigerian National Petroleum Corporation’s (NNPC) wholly owned subsidiary-the Port Harcourt Refining Company
GEL Utility Limited (GELUL) is a joint subsidiary of Engro Corporation of Pakistan and Genesis Power and Energy Solutions.
The 12-year MYA will include the provision of parts, spares, repairs and services over 2 major inspection cycles for three units of GE’s TM2500 aeroderivative gas turbines installed at the plant site.
Akinwole Omoboriowo II, chairman, Genesis Energy Holding, 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.”
“We are pleased with this unique transaction experience with GE, which will help our esteemed customer, the NNPC, 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,” Omoboriowo added.
The GE TM2500 aeroderivative gas turbines installed at the plant site in March 2015 are expected to meet power generation requirements within days.
The units will also provide the ability to frequently and rapidly ramp up to meet load and demand fluctuations. This new agreement is expected to provide the state-owned refinery Harcourt with an uninterruptible power supply necessary for reliable and efficient plant operation.
Narendra Asnani, executive sales director for GE Power Services, sub-Saharan Africa, noted, “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,” he explained.
GE announced that it will invest more than US$200mn over the next three years in its aeroderivative business to provide new product launches and services.
