GE’s Power Services has signed a multiyear service agreement (MYA) to support the power generation requirements of Nigerian National Petroleum subsidiary the Port Harcourt Refining Company.
The 12-year agreement was signed with GEL Utility (GELUL), a joint subsidiary of Engro Corporation of Pakistan and Genesis Power & Energy Solutions.
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By GlobalDataUnder the MYA, the company will perform two major inspection cycles for three units of GE’s TM2500 aeroderivative gas turbines. It will also provide parts, spares, repairs and servicing.
Genesis Energy Holding chairman Akinwole Omoboriowo II 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 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.”
Installed in March 2015, GE TM2500 aeroderivative gas turbines at the plant site are intended to meet the power generation requirements within days.
The new agreement will also see delivery of expanded capabilities on GE’s TM2500 assets.
With this new agreement, state-owned refinery Harcourt is expected to receive uninterrupted power supply required for reliable and efficient plant operations.
GE Power Services sub-Saharan Africa executive sales director Narendra Asnani 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.”
GE revealed this month that it plans to invest more than $200m in the aeroderivative business over the next three years.
