General Electric has restated its commitment to collaborate with relevant stakeholders to help Nigeria overcome its electricity supply challenge.
The President of GE Nigeria, Mohammed Mijindadi, stated this recently at an energy roundtable discourse in Lagos.
Mijindadi, who also doubles as GE Nigeria’s Sales Director for Anglophone and Francophone Africa for GE gas power business, maintained that Nigeria’s natural endowment such as gas can be transformed to improve the epileptic power supply to improve the economy and households.
According to him, the power sector needs about 30,000MW to meet the current energy needs of Nigerians, saying the large gap between installed and operational capacity as well as inadequate supply of electricity has slowed down Nigeria’s industrial, economic and societal growth.
Having highlighted the challenges facing the power sector such as insufficient transmission and distribution infrastructure, inadequate power supply investment and capacity expansion, and gas supply constraints, Mijindadi stated that renewable energy has the potential to deliver 60 per cent of Nigeria’s energy demand.
Executive Director, Services for GE Gas Power, Kenneth Oyakhire, noted that although billions of dollars had been invested in existing gas power plants in Nigeria and Africa, the right services provided at the right time can help keep gas turbines running reliably and efficiently over their lifespan, which extends to 20-30 years or longer.