*To focus on expansion of critical infrastructure
13 July 2018, Sweetcrude, Lagos — GE, the world’s premier digital industrial company, is collaborating with the Niger Delta Power Holding Company, NDPHC, o the development of an end-to-end power intervention, EEIP.
This is part of GE’s efforts to help boost power supply in Nigeria.
The multinational company announced the delevopment, saying it followed the signing of a letter of intention (LOI) by both parties during the France-Nigeria Business Forum in Lagos, one of several events hosted during the visit of President of France, Emmanuel Macron, to Nigeria.
The signing of the letter of intention was witnessed by the French Secretary of State to the Minister of Economy and Finance, Delphine Geny-Stephann.
GE’s EEIP is aimed at delivering incremental power from the NIPP’s underutilised or stranded capacity to several industrial and commercial hubs through multiple solutions across the entire electricity value chain.
Under the agreement, GE will provide end-to-end power solutions across the value chain to deliver 2.5GW of power. The company will also provide financing support for the power projects, including funding for the refurbishment of distribution and transmission infrastructure amongst other critical support services to analyse and improve the power value chain.
The letter also states the willingness of BPIFrance – the French export credit agency – to provide financing support given that the technology to be deployed in this project will be manufactured in GE Power’s facilities in France.
The collaboration will see NDPHC partner with GE to work with power distribution companies or Discos, Transmission Company, TCN, and other relevant stakeholders, to identify and prioritise critical projects to reduce technical and commercial losses.
The focus will be on the expansion, repair and upgrade of all critical transmission and distribution infrastructure.
According to Lazarus Angbazo, Chief Executive Officer and President of GE Nigeria, “GE is proud to partner with an organization of high repute like NDPHC. There is an alignment in our objectives to drive positive change in Nigeria’s power industry so this partnership is a good fit and we look forward to positive outcomes in the near future.”
In the same vein, Chiedu Ugbo, Managing Director and Chief Executive Officer of NDPHC expressed the company’s delight to work with GE in delivering end-to-end solutions under the EEIP’s mandate. He said that the collaboration will bring about a much-needed boost to the Nigerian power sector.
GE and the Federal Government of Nigeria signed a Country to Company agreement in 2014 to achieve the country’s additional electric power generation capacity target of 10,000 megawatts.