Connect with us

General

Indorama Eleme Petrochemicals Raises Plant Output With GE’s 6B PIP Upgrade

Published

on

Indorama Eleme Petrochemicals

GE Power and Indorama Eleme Petrochemicals Limited (IEPL) have successfully executed GE’s 6B Performance Improvement Package (PIP) upgrade on the first two out of six 6B gas turbines at the petrochemical facility in Eleme, Rivers State.

The upgrade increased Indorama’s plant output by 15 percent per gas turbine, more than doubling the expected increase of 6 percent. The upgrade will help extend the interval for combustion and hot gas path inspections, reducing overall maintenance costs. In addition, this project is expected to increase power plant availability of up to 3,960 hours over 16 years.

“The growth in production is directly proportional to an increase in power needs and operational costs”, said a senior management official of Indorama Group of Companies. “Due to growing power demand in Nigeria, our objective is to expand our production. GE’s technology will help us mitigate costs while ensuring there is enough power to support increased production at a lower cost.”

At Indorama’s Eleme plant, GE successfully installed the technology upgrade on two of GE’s six 6B gas turbines on site. The turbines achieved an increased output of 5 MWs per unit, exceeding the expected benefits of 2.5MWs.

In addition, Combustion and Hot Gas Path inspections which were separately carried out at 12,000 hours and 24,000 hours respectively, will both take place at 32, 000 hours. Over 16 years, this new schedule will save Indorama the cost of carrying out 21 separate combustion and four HGP inspections and adding 3,960 hours of production.

“At GE, we’re always focused on understanding our customers’ needs so we can tailor the right innovative solutions to increase the power plant’s operational performance and profitability,” said Elisee Sezan, CEO for GE’s Gas Power businesses in Sub-Saharan Africa. “In 2009, GE launched the 6B Performance Improvement Package, featuring advances in materials, coatings, sealing and aerodynamics derived from its F-class technology to increase output and efficiency.  We’re proud that GE’s continued investment in upgrades for mature fleets are helping power producers and industrial operators – like Indorama – remain competitive in today’s very dynamic marketplace.”

Today, PIP is installed on over 200 units globally, and it has become the standard configuration for new 6B gas turbines. GE has been operating in Nigeria for over 40 years, with more than 750 employees today, 90 percent of whom are Nigerians.  The company has businesses spanning across key sectors including oil and gas, power, healthcare and renewables.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

General

UBA’s Abiodun Coker Wins Future Leader in Media Management Award

Published

on

Abiodun Coker

By Modupe Gbadeyanka

The Media and External Relations Lead of United Bank for Africa (UBA) Plc, Mr Abiodun Coker, has been crowned the Future Leader in Media Management.

He clinched this award at The Industry Summit/Awards held on Friday, May 2, 2025, in Lagos, with several persons from across all sectors in attendance.

Mr Coker’s recognition further cements his growing reputation as one of Nigeria’s most dynamic and future-ready communications leaders, with his eyes firmly set on redefining the media management landscape.

The award jury, chaired by Mr Tolulope Ogunjobi, a renowned broadcast business correspondent and Business Editor at TVC News, said Mr Coker was bestowed with the honour because of his exceptional achievements in the public relations field during the year 2024.

The team said one of them was his masterful handling of UBA’s 2024 rights issue, which successfully closed on December 24, 2024, and the impactful execution of the bank’s 75th Anniversary Campaign, both of which were described as commendable and exceptional.

According to the jury, his management of UBA’s media ecosystem during the year under review was remarkable, with several media professionals praising his public relations craftsmanship and ability to skilfully manage the image of one of Africa’s most formidable financial brands.

“Abiodun Coker’s achievements in 2024 are a beacon for greater accomplishments ahead. He is undoubtedly one of the strategic communication experts to watch in 2025,” the jury noted.

A seasoned professional, Mr Coker’s journey from an acclaimed financial journalist at BusinessDay Newspapers to a powerhouse in corporate communications has been nothing short of inspiring.

With over eight years of robust journalism experience, coupled with leadership roles at top-tier public relations firms such as BD Consult Ltd and Quadrant, he has consistently demonstrated his ability to transform and manage leading brands successfully.

Organized by The Industry Newspaper, the leading brand marketing publication in West Africa, the prestigious awards recognize outstanding professionals shaping the future of brand marketing and communications across the region.

Continue Reading

General

FG Reassures Investors More Enabling Investment Climate

Published

on

kuramo capital

By Adedapo Adesanya

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has reiterated the federal government’s commitment to fostering a more enabling investment climate, anchored on macroeconomic stability, structural reform, and a clear pathway to inclusive prosperity.

He gave this assurance at a high-level private dinner, organized by Kuramo Capital Management Lagos as part of Africa Venture Capital Week.

The Minister lauded Kuramo Capital and its partners for their steadfast belief in Africa’s promise and highlighted the alignment between private capital and Nigeria’s renewed hope reform agenda.

According to a statement, participants recognized the vital role of blended finance and innovation in driving sustainable development.

The event brought together a distinguished group of global investors, development partners, and business leaders for a candid exchange on unlocking long-term capital for Africa’s growth and transformation.

It also marks Kuramo Capital’s first formal convening in Nigeria in several years, underscoring a renewed sense of commitment to deepening its strategic footprint across the continent.

Mr Edun said with this renewed commitment, the federal government is poised to unlock new opportunities for economic growth, investment, and inclusive prosperity.

He also called for more investment into the country, assuring participants that the right mechanisms are being put in place towards driving Nigeria’s development and improving the lives of its citizens.

Continue Reading

General

FG Moves to Fast-Track Household Cash Transfer Scheme

Published

on

cash transfer programme

By Adedapo Adesanya

The federal government is fast-tracking the implementation phase of its economic and financial inclusion strategy aimed at improving access to economic opportunities for Nigerians.

This was disclosed by the Deputy Chief of Staff to the President, Mr Ibrahim Hadejia, at the inaugural meeting of the Technical Committee of the Presidential Committee on Economic and Financial Inclusion (PreCEFI).

He said that “Financial inclusion is not just about having a bank account—it means access to quality services, credit, and the visibility that digital platforms offer.”

The meeting was held at the Presidential Villa, Abuja, on Wednesday.

The federal government established an inter-agency task force to address challenges delaying President Bola Tinubu’s approved conditional cash transfers to 15 million vulnerable households.

The task force includes the National Identity Management Commission (NIMC), National Social Safety-Nets Coordinating Office, National Cash Transfer Office (NCTO), Central Bank of Nigeria (CBN) and Nigeria Inter-Bank Settlement System (NIBSS).

The mandate of the taskforce goal is to unlock bottlenecks and fast-track the distribution of critical financial support to Nigeria’s most vulnerable.

The meeting also endorsed steps to work with state governments in localising data from the Enhancing Financial Innovation and Access in Nigeria (EFInA) Access to Financial Services survey – a biennial study conducted by the EFInA.

Mr Hadejia explained that the meeting brought together high-level stakeholders from government agencies, financial institutions, and academia to align on the President’s vision and execution roadmap.

“We are off to a very good start. What has led to the success of what we’ve done so far is alignment and inclusive stakeholder engagement,” he said.

On hsi part, the committee’s Secretary, Mr Nurudeen Zauro, said the meeting also approved PreCEFI’s strategic roadmap and governance structure.

Mr Zauro, who is also the Technical Advisor to the President on Financial Inclusion, said ” an inter-agency committee has been established to address delays in the disbursement of conditional cash transfers to 15 million households as mandated by President Tinubu.

“We will be presenting the report to the National Economic Council and the Nigerian Governors Forum to ensure data is domesticated and acted upon at the subnational level.”

Also, Director-General of NIMC, Mrs Abisoye Coker-Odusote, explained that digital identity plays a foundational role in achieving inclusion goals.

“The beauty of the NIN is that it bridges the financial divide. It provides access to health, education, and agricultural services and strengthens national data infrastructure,” she said.

The Director of Consumer Protection and Financial Inclusion at the CBN, Mrs Aisha Isa-Olatinwo, urged the committee to focus on implementable outcomes that serve those at the base of the pyramid.

According to her, financial inclusion is one of the eight reform pillars of the President’s agenda.

Continue Reading

Trending

https://businesspost.ng/DUIp2Az43VRhqKxaI0p7hxIKiEDGcGdois8KSOLd.html