• Monday, May 20, 2024
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GE reinstates commitment to 10,000mw target

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 General Electric (GE) Nigeria, has restated its commitment to supporting the Federal Government in actualising its vision of transforming Nigeria’s power sector.

The commitment was made during the Presidential Power Reform Transactions Signing Summit which took place at the Presidential Villa, Abuja, with Lazarus Angbazo, president and chief executive officer of GE in the country, stating his organisation’s commitment to the target.

The CEO, who highlighted the various agreements which GE had entered into earlier in the year with Nigerian companies in the areas of power generation and transportation, said, “We are making significant investments towards actualising the goal of sustainable power generation and this is being done in partnership with other companies through our agreements. We at GE hope to help develop 10,000 megawatts of electricity over a 10-year period in addition to what the Federal Government is doing.”

The Presidential Power Reform Transactions Signing Summit brought together various stakeholders in the energy sector and underscored the Federal Government’s commitment to transparency and its renewed emphasis on inclusiveness in core transactions in sustaining the current tempo of transformation in the power sector.

Speaking at the event, the President President Goodluck Jonathan expressed optimism when he said, “The age long problem of inadequate supply will be brought to an end. We are dealing in a very dedicated way with much overdue infrastructural and corporate upgrades despite the challenges, and despite the challenges, we are making steady progress each day towards permanent and lasting correction. Nigerians must have electricity for domestic and industrial use and there is no turning back.

“The event,” according to the President, “signals a major step forward in the implementation of our Power Sector Roadmap. I congratulate the signing parties for reaching this significant target in our collective efforts to revitalise this sector, which is so important to our lives and development.