Could you introduce us to GE Vernova?

GE Vernova  is a purpose-built global energy company that became a standalone, publicly traded company last year, following its spin-off from GE. It encompasses Power, Wind, and Electrification segments, supported by its accelerator businesses. 

Natural gas, including hydrogen and carbon capture-compatible gas turbines, alongside renewables and storage solutions, are crucial for delivering reliable, affordable and sustainable power. GE Vernova is active across the West Africa region, with significant operations in Nigeria, Ghana, Côte d'Ivoire and Senegal. As an original equipment manufacturer, we produce gas turbines with capacities ranging from 34 MW to over 1.2 GW in combined cycle configuration. 

We offer technologies that enable power plant owners to expand their generating assets by converting fuel or renewable resources into electricity, as well as grid capabilities that ensure the safe and reliable transmission of electricity to homes and businesses. In Nigeria, for instance, we have hydro installations at Kainji, Shiroro and Jebba, while in Kenya, we are involved in a 100 MW wind power project. 

Can you elaborate on GE Vernova’s operations in Nigeria?

There is a substantial gap between the energy needs of Nigeria's population and the available power supply. GE Vernova is committed to the expansion of access to electricity, as we recognize it is a crucial enabler for economic growth and improving quality of life. Today, GE Vernova's solutions help provide up to 65% of the country's power supply across both government and private sectors, delivering crucial energy transition technologies and services to power plants and industrial operators in Nigeria, like Dangote Refinery, Indorama Petrochemicals, and the Niger Delta Power Holding Company (NDPHC). 

What are some common challenges you face in Nigeria's power sector?

Stable, investor-friendly policies and consistency across different administrations are essential for fostering growth and development. While there is substantial generation capacity, enhancing transmission infrastructure is also vital to optimizing the power sector value chain.  Navigating the complexities of bureaucracy and the diverse experiences across States and the private sector requires collaborative efforts to streamline processes. 

Can you elaborate on the opportunities you see in West Africa?

Senegal and Côte d'Ivoire have some of the region’s most developed power industries, positioning them to become major power exporters. Senegal, for example, having recently discovered gas reserves, is establishing itself as a regional energy hub. GE Vernova is supplying gas turbines for a 300 MW combined-cycle power plant near Dakar, marking the country's first gas-to-power project, which is expected to provide approximately 25% of Senegal’s electricity needs. 

How is intergovernmental cooperation on gas and power developing in West Africa?

There have been recent developments in regional energy collaboration, such as the ongoing discussions regarding the Nigeria-Morocco gas pipeline. However, one of the best examples is the West African Power Pool (WAPP), which has enhanced cross-border electricity trade. GE Vernova is directly involved by providing software and consulting services to support WAPP in facilitating energy exchanges among its member states. 

Can you discuss GE Vernova's CSR initiatives in the region?

GE Vernova’s philanthropic efforts underscore our dedication to positively impacting the communities where we live and work. In alignment with this mission, we actively engage in local initiatives, such as the support we provided several years ago through the GE Foundation, which included a US$100,000 donation via the CARE Foundation for emergency response in Kogi State following severe flooding; and the donation of US$1 million to UNICEF to aid displaced children in Borno State, Nigeria. 

What is your outlook for GE Vernova in the coming year?

2025 will be an exciting year for GE Vernova and our industry. There are abundant opportunities for our company to help meet the industry's evolving demand for electric power with our equipment, services and software. Building on our rich history of innovation, we are investing in research and development and launching breakthrough technologies, such as an EGR system which adds value for carbon capture when integrated with a natural gas combined cycle power plant. We are also leveraging the local expertise of our teams to optimize existing technologies while supporting efficient and responsible operations.