Vanguard (Lagos)

4 February 2013

Nigeria: Honeywell, GE Sign Agreement for 150 Megawatts Power Generating Facility

Honeywell Group has entered into an agreement with General Electric, GE, for the development of its 150 mega watts power generation facility in Ogun State.

According to a statement by Honeywell Group, the agreement, signed on behalf of its subsidiary, Hudson Power Limited is part of its strategic plan to generate 1000mw of power by the end of 2018.

Mr. Chris Bale, Chief Executive Officer, General Electric, who made this known during the visit of Mr. Jeff Immelt, Global Chairman and Chief Executive Officer, General Electric, said, GE will be responsible for the supply of the turbines for the plant.

He said, "Honeywell's strategic intention is to develop and construct 1000MW of power generation capacity by the end of 2018. And to this end, Honeywell has signed a Memorandum of Understanding, MoU, with General Electric (GE) for the first phase of the project, which will generate 150MW. It is intended that GE will supply the turbines for this plant. Other opportunities for joint working will also be explored.

"Apart from the generation license, Honeywell Group has also secured offer of gas supply, and power transmission & evacuation approval for the 150MW phase of the project, located just North of Lagos, in the Akute-Esorun region of Ogun State. This is at a relatively advanced stage of development with the target of commercial operations early 2015."

He assured of Honeywell's capacity to deliver on the project, stating that the company is committed to the developing the Hudson Independent Power facility.

According to him, this explains why it is partnering with a leading global player like GE to deliver the first phase.

Bale stated further, "Honeywell Group has a track record of successfully building businesses that have redefined critical sectors of the Nigerian economy. But we also see this power generation facility project as part of Honeywell's long standing commitment to investing in infrastructure development in Nigeria."

He noted that Hudson Power Limited, a subsidiary of the Honeywell Group, has been duly licensed by the Nigerian Electricity Regulatory Commission (NERC) for the generation of electricity as an Independent Power provider.

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