Geregu, Siemens Energy sign MOU to increase power generation to 1,200MW

Geregu Power Plc and Siemens Energy AG have partnered to raise power generation in Nigeria to 1,200 megawatts (MW).

Femi Otedola, chairman of Geregu Power Plc, announced the partnership in a post on his X page on Tuesday.

“Geregu Power Plc & Siemens Energy AG partner to raise overall power generating capacity to 1,200MW,” he said. 

In a separate statement by Geregu on May 31, the company said both energy firms signed a memorandum of understanding (MOU) to jointly develop solutions for capacity expansion at the Geregu 1 power plant.

The company said the deal intends to ensure sustainable, robust, and efficient power generation while maintaining the longevity of assets to support the growth and sustainability of the Nigeria Electricity Supply Industry (NESI).

Geregu Power said various solutions were proposed for implementation during the signing ceremony, such as the “upgrade of Geregu 1 Power plant from its current capacity of 435MW to 500MW”.

The companies also discussed establishing combined cycle operations to generate an additional 200MW and “new builds using lower emission turbines with an added capacity of 500MW to birth Geregu 3, bringing Geregu Power PLC’s overall nameplate capacity to 1200MW”.

“These initiatives are targeted at higher power output, improved efficiency, lower emissions, higher flexibility, longer equipment life span and maximizing shareholder value through increased earnings,” Geregu said.

Geregu said Otedola led the Geregu Power team while Dietmar Siersdorfer, managing director of Middle East and Africa, headed the Siemens Energy team during the signing ceremony.