Oando Gas & Power of Nigeria has signed a memorandum of understanding with GE to engage in developing power generation projects, CNG and small scale LNG, virtual pipeline capabilities for gas-to-power projects on a non-exclusive basis.
Wale Tinubu, Group Chief Executive Oando , said, “We look forward to exploring the possibility of pioneering initiatives with GE, such as the increase of our power generation by over 100MW, to complement our existing installed capacity of 68MW.”
OGP and GE intend to work to develop the following projects in 2015:
By the end of December 2014, the parties have agreed to work on securing the funding for the projects, negotiate contracts for GE equipment/services and establish a leadership development paradigm for OGP via GE resources.
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Press Release; Image: Oando