Ge, GELUL sign agreement to power P’harcourt refinery
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.”