GE (NYSE: GE) announced today that it will invest $2 billion in facility development, skills training, and sustainability initiatives across Africa by 2018. GE made the announcement in advance of President Obamas U.S.-Africa Leaders Summit, where GE is hosting African and global government officials, policy experts, NGOs, entrepreneurs and business leaders for a conference on investment, infrastructure, and innovation in Africa.
Through partnerships and technology, GE is poised to help increase access, reliability, and affordability of core infrastructure throughout the continent. Africa has emerged as the most promising growth region for GE.
As part of efforts to address the shortfall in Ghana's public power supply, GE (NYSE: GE) announced today that it has partnered with the Millennium Challenge Corporation (MCC) to provide $500 million in financing to support development of the Ghana 1000 project in western Ghana.
In order to support the growth of one of its key customers and partners in the African market, General Electric (NYSE: GE) has announced the conclusion of the GE-Dangote Framework Agreement for Distributed Power Solutions. Under the framework agreement, GE will supply aeroderivative gas turbines to Dangote Group for captive power requirements and Dangote Group will generate reliable and efficient power for the operation of its manufacturing assets within Nigeria and other African countries where Dangote Industries operates.
Nigeria Deploys GE's Mobile Gas Turbines, Bringing Financing Services to Return Largest Refinery to Full Power and Production Capacity
With more industrial facilities using distributed power technologies to ensure a reliable energy supply and increase productivity, GE's Distributed Power business (NYSE: GE) is supplying Genesis Electricity's driven project company, GEL Utility Limited, with three 25-megawatt (MW), trailer-mounted, TM2500+ aeroderivative gas turbines to generate uninterrupted power at Nigerian National Petroleum Corporation's (NNPC) state oil refinery at Port Harcourt, Nigeria. The installation by GEL Utility Limited of GE's mobile gas turbines at the Port Harcourt Refining Company (PHRC) facility will ensure the country's largest oil refinery has the power it needs to overcome chronic grid outages and return to full capacity for refining. Up to now, grid outages have reduced PHRC's output to 30 percent of its total maximum capacity of 210,000 barrels per day.
GE Garages Nigeria ran from 23 June to 11 July at GE's regional headquarters in Lagos, and featured curated speakers sessions and workshops amidst a fully equipped fab lab.
GE Garages in Lagos, Nigeria may have wrapped up this week, but its legacy will live on through the buzz and excitement created at the events over the past three weeks.
Apply for Round Two Now
Click Here for more information about how to apply apply for the Off-Grid Energy challenge grants in Ethiopia, Ghana,Liberia, Kenya, Nigeria and Tanzania. Round 1 winners have already been awarded $600,000 in grants for their innovative projects. To read about Round I winners Click Here
What is Power Africa?
Power Africa is a broad U.S. Government initiative to drive growth by increasing access to reliable, affordable, and sustainable power and helping to ensure responsible, transparent and effective management of energy resources.
CNN Announces GE-Sponsored Energy and Infrastructure Category in CNN MultiChoice African Journalist Awards
A new category has been announced for the prestigious CNN MultiChoice African Journalist Awards in 2014. It is GE Energy and Infrastructure category, sponsored by Global Energy and infrastructure giants, General Electric (GE). GE Africa CEO Jay Ireland said: "The sponsorship of the Infrastructure and Energy category in the CNN MultiChoice African Journalist Awards aligns with GE's strategic objectives on the continent." GE is delighted to be part of efforts to highlight Africa's Energy and infrastructure challenges and the laudable efforts to address them.
GE Power & Water (NYSE: GE) today formally introduced its new Distributed Power business for Africa, building on GE's corporate commitment to help address the continent's need for more reliable, local energy supplies that can promote greater economic development and security in urban and rural areas. GE unveiled its new Distributed Power business for Africa and its plans for entry into the diesel space during an event in Lagos, Nigeria, a country where distributed power technologies are becoming increasingly popular for supporting local industrial production.
Nigeria Deploys GE's Mobile Gas Turbines, Financing Services to Return Largest Refinery to Full Power and Production Capacity
With more industrial facilities using distributed power technologies to ensure a reliable energy supply and increase productivity, GEs Distributed Power business (NYSE: GE) is supplying GEL Utility Limited with three 25-megawatt (MW), trailer-mounted, TM2500+ aeroderivative gas turbines to generate uninterrupted power at Nigerian National Petroleum Corporations (NNPC) state oil refinery at Port Harcourt, Nigeria.
GE at the 2014 World Economic Forum for Africa, Abuja, Nigeria
The Nigerian Federal Ministry of Health, United States Agency for International Development and GE Healthcare Sign Innovative $20 Million Partnership at the World Economic Forum to Reduce Preventable Child-Maternal Deaths in Nigeria
The Nigerian Federal Ministry of Health (FMoH), the United States Agency for International Development (USAID/Nigeria) and GE Healthcare (GE:NYSE) today joined hands with the signing of a first-of-its-kind, 5-year initiative on the ground at the World Economic Forum (WEF) in Abuja, Nigeria.
GE, the global infrastructure leader, has officially launched its GE Kujenga citizenship program at a press event at WEF Africa, in Abuja, Nigeria. GE Kujenga is based on three core pillars of activity Empower, Equip and Elevate. Through this program, GE will empower people with valuable skills, equip communities with new tools and technology and elevate ideas that are helping to solve Africas challenges.
GE and Dangote Foundation Announce Plans to Launch Manufacturing Garages for Technology Skills Acquisition
As part of efforts to support commercial growth in Nigeria, global infrastructure leader, GE and Dangote Foundation have officially announced a plan to launch a manufacturing GE garages program to help build a skilled workforce and drive entrepreneurial development in the region. The program is in development with the Dangote Foundation.
To support off-grid energy solutions, the U.S. African Development Foundation (USADF) and the U.S. Agency for International Development (USAID) have teamed up with GE Africa (NYSE: GE) to launch the Power Africa Off-Grid Energy Challenge.
GE Foundation, Duke University World Health Tech Lab, and Engineering World Health Establish Biomedical Equipment Training Program in Nigeria to Build Skills and Improve Capacity
The GE Foundation, in collaboration with the Developing World Healthcare Technology Laboratory at Duke University and Engineering World Health, is developing a new Biomedical Equipment Technician Training (BMET) project in Nigeria to address a major need for locally qualified medical technicians to repair and service biomedical equipment.