Ge, GELUL sign agree­ment to power P’har­court re­fin­ery

The Punch - - BUSINESS FEATURE | ENERGY -

GE’s Power Ser­vices has signed a multi-year ser­vice agree­ment with GEL Util­ity Lim­ited, a joint sub­sidiary of En­gro Cor­po­ra­tion of Pak­istan and Ge­n­e­sis Power & En­ergy So­lu­tions, to sup­port the power gen­er­a­tion re­quire­ments of the Port Har­court Re­fin­ery Com­pany Lim­ited.

The 12-year MYA, ac­cord­ing to a state­ment, in­cludes the pro­vi­sion of parts, spares, re­pairs and ser­vices 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 Chair­man, Ge­n­e­sis En­ergy Hold­ing, Ak­in­wole Omo­bo­ri­owo II, said, “As an in­te­grated en­ergy com­pany with a con­stant fo­cus on the 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 the 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 the 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.”

Ac­cord­ing to the state­ment, GE’S Power Ser­vices of­fer­ing will fea­ture the ex­panded ca­pa­bil­i­ties on GE’S TM2500 fast power so­lu­tion as­sets in­stalled at the plant.

“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,” said the Ex­ec­u­tive Sales Direc­tor, GE Power Ser­vices, Sub-sa­ha­ran Africa, Naren­dra Asnani.

He added, “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.”

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