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GE’s investment to benefit Nigeria’s energy

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By Akintola Timothy

The company’s renewable energy can be important for addressing climate change.

General Electric (GE), one of the world’s leading energy companies is reshaping its investment strategy in Nigeria with a particular emphasis that will see it help the country improve its energy transition initiative. This investment strategy is aimed at enhancing Nigeria’s power and energy efficiency which will in turn improve the country’s socioeconomic development. Joseph Anis, the Chief Executive Officer of GE Gas Power, Europe, Middle East and Africa, disclosed this whilst some Nigerian journalists toured the company’s key facilities in Dubai.

General Electric, which boasts of an estimated $14 billion in its annual expenditures, is said to be a step ahead of other investors in the provision and operation of advanced technologies that can overtly transform the global energy industry. The company also reportedly operates on a Service Centre worth about $11 million and is located in Dubai. Joseph Anis stated that the company’s Jebel Ali Service Centre offers numerous services to help the power sector meet the growing demand for reliable, efficient and sustainable electricity for an ever-increasing population.

GE to help its customer ensure seamless operations of its assets.

He further pointed that a major focus of the company was to help its customers ensure seamless operations of its assets by implementing swift maintenance and repair services different from other energy companies by its cost effectiveness, commitment to quality and productivity. He added that some of these repair services include gas turbines and generators, and the on-site services include, blade replacement and repairs, machine repairs, generator rotor seal oil journal repair, stator rewind and other important maintenance. He also stated that it was the company’s only high-speed balancing facility and electrical testing center for rotors in MEA.

Anis also noted that General Electric’s Monitoring and Diagnostic Centre was equipped, with more that 950 power producing utilities employing the center’s monitoring services for more than 6000 power assets. On the Monitoring and Diagnostics Centre, he stated that the country’s investment was a part of its recurrent efforts to promote the digital transformation of the power sector and leverage insights to further support the present dynamics in the energy market. He pointed that it was important to possess a 24/7 market visibility in a bid to further meet the electricity demands of every community more efficiently.

Renewable energy to account for less than 50% of global energy by 2040.

On energy transmission, he noted that emission reduction from the power sector will be very important in addressing climate change. He said that the global community must collectively invest in renewable energy products, in a bid to achieve the zero-carbon emission target. He however noted that the investment is not being accrued at the speed expected. According to reports, renewable energy by 2040 is to account for less than 50 percent of the global electricity supply. Thus, there is an enormous need to address the energy dilemma, so as to ensure affordable and more efficient energy.

Anis stated that while the global community continues to pump in efforts to promote climate change, gas power and renewable energy will be immensely important for accelerating the transition and the operations of General Electric will continue to help its customers maintain their gas power asset work reliably to enhance their energy transition. Reports also indicated that the company has overtime been working with stakeholders in using innovative technologies to respond to the energy needs in the sub-Saharan Africa. GE is said to deliver across every energy ecosystem and throughout Nigeria.

GE’s investment in Nigeria to help the country realize its power goals.

The chief executive officer of GE Nigeria, Mohammed Mojindadi however noted that the country is perfectly positioned, evidently by its technological capabilities, to improve the energy efficiency in the country. Mojindadi further asserted that the company’s investment in Nigeria will help the country’s energy sector seamlessly realize its power goals. The company is reported to have worked on some important projects to enhance the biggest thermal installed base in Nigeria and its Onshore Wind / Offshore Wind Hydro and Small Modular Reactor Gas Turbine Storage well positions the company to enhance the transition drive in Nigeria.


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Adeolastan
Adeolastan
1 year ago

Renewable energy is the way out of the mess going on in the power sector of the country because of the increament in the population.

Abusi
Abusi
1 year ago

If the General Electric are given the leeway to quickly start operations, I agree it will benefit our energy sector. We now need to create that conducive environment for them to be productive.

Christiana
Christiana
1 year ago

One of the world’s most prominent energy suppliers, General Electric (GE), is revising its investment approach in Nigeria to better support the country’s energy transition program.

Bola12
Bola12
1 year ago

The company aimed to help its customers assure continuous operations of their assets by implementing rapid maintenance and repair services. Its cost-effectiveness, devotion to quality, and productivity set it apart from other energy providers.

Tolaniiii
Tolaniiii
1 year ago

This investment strategy aims to improve Nigeria’s electricity and energy efficiency, which will benefit the country’s socioeconomic development.

Haykaylyon26
Haykaylyon26
1 year ago

GE’s investment in Nigeria energy this is a great things because we will benefit alot from it, it will improve our energy power and if our power is efficiency it will improve the country stability I hope this goes right with this investment

jdpumping
jdpumping
1 year ago

If they can really invest in Nigeria to boost our energy issue it’s really a good thing because fr every thriving nation energy is such an important thing.

Ultra0711
Ultra0711
1 year ago

With the current situation of Nigeria’s energy I feel this investment cones right in time. I just hope the government to be able to harness it well to our advantage.

SarahDiv
SarahDiv
1 year ago

General Electric ‘s investment on renewable energy sources in Nigeria will fast track the plans of federal government on it to ensure a cleaner environment by 2030. This will bring improvement to the socio-economic of the nation.

DimOla
DimOla
1 year ago

General Electric investment on renewable energy resources will massively impact our country positively. Our country will be able to achieve the socio-economic development and the desired cleaner and safe environment.

Tonerol10
Tonerol10
1 year ago

if the GE’s investment to benefit Nigeria’s energy will boost our electricity fine. it be good one

Godsewill Ifeanyi
Godsewill Ifeanyi
1 year ago

In order to better aid Nigeria in its energy transition program, one of the world’s major energy businesses is adjusting its investment strategy there.

Taiwoo
Taiwoo
1 year ago

which meant it was the sole high-speed balancing facility and electrical testing center for rotors in the Middle East and Africa for the corporation.

Chibuzor
Chibuzor
1 year ago

It is stated that General Electric, which boasts of yearly expenditures of over $14 billion, is one step ahead of other investors in the provision and operation of sophisticated technology.

Adesanyaj72
Adesanyaj72
1 year ago

It’s great that the company provides so many options to help the power industry keep up with the rising need for clean, efficient power to supply a growing population.

Nwachukwu Kingsley
Nwachukwu Kingsley
1 year ago

The company’s priority was to provide its customers with reliable asset operations by providing fast maintenance and repair services, setting it apart from rival energy providers.

Hassan Isa
Hassan Isa
1 year ago

The Monitoring and Diagnostic Center of General Electric was outfitted, and a large number of power producing utilities have begun using the center’s monitoring services for a large number of power assets.

Kazeem1
Kazeem1
1 year ago

Despite the continued efforts of the international community to combat climate change, gas power and renewable energy will play a crucial role in hastening the transition and running the operations.

Remi1
Remi1
1 year ago

According to reports, the company was involved in a number of significant projects aimed at enhancing Nigeria’s position as the country with the largest thermal installed base.

Iyanu12345ogg
Iyanu12345ogg
1 year ago

if the GE’s investment to benefit Nigeria’s energy will boost our electricity fine. it would be a good one

theApr
theApr
1 year ago

According to reports, renewable energy by 2040 is to account for less than 50 percent of the global electricity supply. Thus, there is an enormous need to address the energy dilemma, so as to ensure affordable and more efficient energy.