- GE Vernova supports the generation of more than half of Nigeria’s power supply, servicing utilities, IPPs, the oil & gas industry, and the cement sector.
- GE Vernova helps to generate approximately 30 per cent of the world’s electricity.
GE Vernova, an energy firm driving electrification and decarbonisation, has underscored its commitment to accelerating Nigeria’s sustainable energy transition journey. The firm plans to achieve this through its key operating segments, including power (gas, nuclear, hydro, steam), wind (onshore, offshore) and electrification (transmission, distribution, conversion, storage, and orchestration of electricity).
GE Vernova, being in Nigeria for over 100 years, supports the generation of more than half of Nigeria’s power supply. It services utilities, independent power plants, the oil & gas industry, the cement sector and many other sectors across the country. The firm generates approximately 30 per cent of the world’s electricity globally.
Despite being one of Africa’s economic powerhouses, Nigeria faces a dynamic energy landscape characterised by a growing population, industrialisation, and rising electricity demand. The nation’s energy industry plays a significant role in supporting economic growth and improving the quality of life for its citizens.
GE Vernova hosted the “Nigeria Energy Dialogue” event to deliberate on the key aspects of the energy transition in the country, including generation, transmission, distribution and consumption. The forum brought together senior leaders from governments and financiers, as well as key stakeholders and thought leaders from utilities and the private sector across the country.
They explored policy initiatives, technological advancements, and collaborations between the government and key players in the private sector, with a collective goal to address challenges and create a sustainable energy ecosystem.
The Managing Director of Services – SSA, for GE Vernova’s Gas Power, Kenneth Oyakhire, noted, “Through collaborative efforts with the government and industry stakeholders, we aim to ensure that power generation assets continue to play a role in a cleaner energy future while delivering reliable, affordable, and sustainable power.”
“GE Vernova has a long history of innovation, and we look forward to utilising our global experience – leading with an installed base of 2,200 gigawatts – to make Nigeria’s energy transition a reality,” he added.
The firm has long supported the development of Nigeria’s power sector. Among its most recent projects is the inauguration of the 1,350-megawatt (MW) Gwagwalada Independent Power Plant by President Bola Tinubu in August 2023. The Nigerian natural gas will fuel the power plant, which will be built in three phases with GE Vernova’s E-class gas turbines.
Last year, GE Vernova also commissioned four 175 MW Francis hydropower turbines and generators for Nigeria’s second-largest hydropower plant, the Zungeru hydropower project in Niger State. The company also provides three LM6000 PD aero-derivative gas turbines for the 141 MW Aba Integrated Power Project, recently commissioned in Abia State by the Vice President of the Federal Republic of Nigeria, Kashim Shettima.