Africa Power Generation & Infrastructure Division JV Formed
Monday, August 11, 2014
NEAH GES and Pro Energy Services Partner to Form Africa Power Generation & Infrastructure Division
Release
JOHANNESBURG, Aug. 8, 2014 /PRNewswire/ — NEAH GES and Pro Energy Services, Inc. (Pro Energy) today announced the formation of GES Power Generation & Infrastructure Division, (“GES”), focusing on the construction, management, operations, maintenance and repair services for energy generation, and transmission and distribution facilities throughout Africa.
Seven out of ten fastest growing global economies are forecasted to be in Africa. Sub-Saharan Africa’s particularly exciting GDP growth means that it has emerged as the dominant sub-region. GES and Pro Energy Services, Inc. were first movers in Ghana, Angola and Tanzania, among other African Nations, having already constructed and operated significant energy assets in the region.
GES provides critical services to the Power Generation and Oil, Gas, Mining and other heavy industries including:
- Power Plant Project Development
- Transmission and Distribution Line Construction
- EPC
- Field Services
- High Voltage
- Overhaul + Refurbishment
- Operations + Maintenance
- Component Repairs
- Technical Services
- Staffing Services
- Controls
President and CEO of Dangote Industries. “I am pleased to partner with Blackstone and the Black Rhino team, who have considerable experience successfully developing large-scale infrastructure projects, to address this issue in a socially conscious way. This partnership no doubt holds out great potential of transformational and inclusive growth critical for fast-paced development that can lift millions out of poverty in Africa.”
- “Aliko Dangote is a highly successful entrepreneur and truly innovative leader who has contributed enormously to economic development across the African continent,” said Stephen A. Schwarzman, Chairman, CEO and Co-Founder of Blackstone. “We can think of no better partner as we invest the firm’s capital in African energy infrastructure development. We have confidence that the critical infrastructure projects that the Dangote team and Black Rhino will jointly pursue will play a meaningful role in the development of economies across Africa.”
- “We couldn’t be more pleased to be partnering with Aliko and Dangote Industries on this important venture to develop energy infrastructure across the African continent,” said Sean Klimczak, a Senior Managing Director at Blackstone who oversees the firm’s private equity investments in power generation and transmission. “We look forward to bringing our collective resources and experience together to develop energy solutions for Sub-Saharan Africa.”
- In addition to driving the development of African economies and delivering value to investors, Dangote Industries and Black Rhino will pursue projects that exemplify both partners’ commitment to sustainable development and social responsibility, including the involvement of local communities and full adherence to environmental and safety standards. Dangote Industries and Black Rhino believe they bring complementary attributes to the partnership that will uniquely position them to successfully develop challenging and transformational projects in a timely manner.
- With more countries in Africa expanding their use of natural gas-fueled on-site power technologies to address their domestic energy demands, GE’s Distributed Power business (GE) today announced orders for eight trailer-mounted GE TM2500+ aeroderivative gas turbine-generators and the first Jenbacher gas engine project in Algeria.
- The new orders are the latest in a series of major power generation technology supply agreements announced over the past year between GE and Algeria’s energy industry. Energy demand in Algeria is estimated to be growing at an average annual rate of approximately 14 percent, rising from about 12 gigawatts (GW) to 24 GW by 2017. The government is aggressively investing in the energy sector to boost power generation capacity.
- The projects mark the third order with GE’s TM2500+ aeroderivative gas turbines for subsidiaries of Algeria’s national electricity and gas company Sonelgaz and the first order for Jenbacher gas engines for an industrial plastic goods factory owned by Plastpaper. Both projects underscore the region’s push to deploy faster, more flexible power generating capacity.
- “With best-in-class efficiency and operator flexibility, our TM2500+ aeroderivative gas turbines will demonstrate how on-site power technology can help ensure the availability of electricity for municipal and industrial customers throughout Algeria,” said Lorraine Bolsinger, president & CEO—GE Power & Water’s Distributed Power. “GE is committed to being the country’s growth partner by supporting the development of the country’s energy infrastructure and supporting local employment and training opportunities.”
- TM2500+ Units Helping the Algerian Electricity Generation Company Meet Peak Power Demands
- Under the terms of a $161 million contract, GE’s Distributed Power business is helping Algeria address its peak power demands and strengthen local grid reliability by supplying Sonelgaz with a fleet of eight TM2500+ aeroderivative gas turbine-generators on an expedited basis. The eight units are scheduled to begin commercial operation at the beginning of August 2014. The highly reliable, fast-start, economical and efficient TM2500+ units are being installed in multiple locations near existing electrical substations. They can operate on either gas or liquid fuel and will supply electricity to support peak demands and to increase grid reliability. The contract also includes related services, which GE will supply in combination with partner Power Projects Limited, the Turkish subsidiary of METKA S.A., a leading international engineering contractor.
- Known as GE’s “Power Plant on Wheels,” the TM2500+ is derived from jet-engine technology powering the world’s airlines. Engineered for flexibility and quick dispatch, it is ideal for providing a baseload bridge to permanent power installations or for generating additional or backup power in support of periods of high electrical demand, disaster relief, plant shutdowns or equipment maintenance. It is available for 50hertz and 60hertz applications, reaches full power in 10 minutes or less, offers low emissions and has a small footprint for sites where space is limited.
- First Gas Engine Order for GE in Algeria
- GE’s 1-megawatt (MW) Jenbacher J320 natural gas engine will be supplied to Plastpaper’s industrial plastic goods factory in the city of Oran. Plastpaper is installing the gas engine to ensure the factory has a more reliable supply of electricity and to prevent grid disturbances from affecting the facility’s plastics extrusion production process. This marks the first Algerian on-site power project with gas engines in the country. The project will showcase how GE’s gas engines are a cost-effective alternative to diesel generators for grid support and industrial energy security.
- GE’s Distributed Power orders are the latest in a series of contracts GE has received to help expand Algeria’s domestic power generation capacity. For example, in September 2013, GE announced several contracts with Sonelgaz valued at a total of US$2.7 billion for combined-cycle gas power plant equipment and TM2500+ aeroderivative gas turbines. The two companies also announced a joint venture to build a new gas and steam turbine production facility in Algeria that will eventually produce more than 2 GW of power generation equipment annually.
- GE Power & Water’s Distributed Power business is a leading provider of power equipment, engines and services, focused on power generation at or near the point of use. Distributed Power’s product portfolio includes GE’s aeroderivative gas turbines and reciprocating engines, which generate 100 kilowatts to 100 MW of power for numerous industries globally. Headquartered in Cincinnati, Ohio, Distributed Power employs about 5,000 people around the world.
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