SAT JUNE 01 2024-theGBJournal| Geregu Power PLC and Siemens Energy have signed a Memorandum of Understanding (MoU) to jointly develop solutions for capacity expansion at the Geregu 1 power plant towards ensuring sustainable, resilient and efficient power generation whilst safeguarding the longevity of assets all aimed at supporting the growth and sustainability of the Nigeria Electricity Supply Industry (NESI).
The ceremony which took place in Berlin on Wednesday 29 May 2024 involved discussions and proposed implementation of various solutions ranging from the upgrade of Geregu 1 Power plant from its current capacity of 435MW to 500MW, the establishment of a combined cycle operations to generate an additional 200MW and new builds using lower emission turbines with an added capacity of 500MW to birth Geregu 3, bringing Geregu Power PLC’s overall nameplate capacity to 1200MW.
These initiatives are targeted at higher power output, improved efficiency, lower emissions, higher flexibility, longer equipment life span and maximizing shareholder value through increased earnings.
Mr. Femi Otedola, Chairman Board of Directors of Geregu Power Plc, Nigeria’s foremost power generation solutions provider, led the Geregu Power Plc team while Mr. Dietmar Siersdorfer, Managing Director, Middle East and Africa led the Siemens Energy Team.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
