GE eyes investment in PH, Warri, Kaduna refineries

Warri Refinery

The Nigerian National Petroleum Corporation ( NNPC), yesterday, said General Electric, GE, is proposing to invest in Port Harcourt, Warri and Kaduna refineries.

NNPC, in a statement in Abuja, disclosed that GE made its intentions known in its presentation to the NNPC Group Managing Director, Maikanti Baru, and his team.

GE stated that its teams of partners, including its consortium involving the Engineering, Procurement and Construction, EPC, partners, off-takers, traders and some financiers would be engaged in the initiative.

Leading a high powered delegation to the NNPC Towers,  GE, Global Chairman and Chief Executive Officer, Jeff Immelt, said: “We were involved in the tenders that started last year which was subsequently withdrawn but our commitment to bringing the refineries on-stream is still very deep and we are very serious about it.”

Immelt also pledged GE’s readiness to work with the NNPC to make production in the off-shore fields profitable for the benefit of both companies and other stakeholders, expressing the hope to consolidate on its existing working relationship with the corporation to expand the prevailing power business and help NNPC achieve its vision of becoming the leading power company in Nigeria.

Welcoming the GE team to the NNPC, Group Managing Director of the Corporation,  Maikanti Baru, expressed delight in the interest GE had to intervene in some vital operational areas of the Corporation.