As part of its efforts to help boost power supply in Nigeria, GE has announced its intention to collaborate with the Niger Delta Power Holding Company (NDPHC) to develop an end-to-end Power Intervention (EEIP)
The announcement was followed by signing of a Letter of Intention (LOI) by both parties during the France-Nigeria Business Forum held on 5 July 2018, in Lagos, one of several events hosted during the visit of Emmanuel Macron, President of France to Nigeria.
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.
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.
Lazarus Angbazo, CEO and president of GE Nigeria, said, “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.”
The collaboration will see NDPHC partner with GE to work with Discos, TCN and other relevant stakeholders, to identify and prioritise critical projects to reduce technical and commercial losses.
GE and the Federal Government of Nigeria signed a country-to-company agreement in 2014, to achieve Nigeria’s additional electric power generation capacity target of 10,000MW.
