Geregu, Siemens Partner to Raise Nigerian Firm's Overall Power Generation Capacity to 1,200mw Emmanuel Addeh in Abuja Nigeria’s foremost power generation solutions provider, Geregu Power Plc and Siemens Energy have signed a Memorandum of Understanding
(MoU) to jointly develop solutions for capacity expansion at the Geregu 1 power plant. A statement from the Nigerian firm stated that this is towards ensuring sustainable, resilient and
efficient power generation, whilst safeguarding the longevity of assets, all aimed at supporting the growth and sustainability of the Nigeria Electricity Supply Industry (NESI). The ceremony which took place
in Berlin on Wednesday May 29, 2024 involved discussions and proposed implementation of various solutions ranging from the upgrade of Geregu 1 Power plant from its current capacity of
435mw to 500mw. Incorporated in 2006, Geregu Power Plc began its operations in 2007 with a mission to generate and supply electric power through Nigeria's national grid. The
company operates a power plant with a 435mw installed capacity. In 2013, Geregu Power was acquired by Amperion Power Continued on page 5
Wale Edun: Economic Stabilisation Package Underway to Support Businesses... Page 8 Monday, June 3, 2024 Vol 29. No 10645. Price: N400
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Zenith Bank Named Most Sustainable Bank in Nigeria in the International Banker Awards 2024 Nume Ekeghe Zenith Bank Plc has been named the “Most Sustainable Bank, Nigeria”
in the International Banker 2024 Banking Awards, retaining the title for the second consecutive year. Commenting on the award, the
Group Managing Director/Chief Executive Officer of Zenith Bank, Dame (Dr.) Adaora Umeoji, OON, said: “We are deeply honoured to be
recognised as the Most Sustainable Bank in Nigeria for the second time in a row. This prestigious award underscores our steadfast
commitment to sustainability and She dedicated the award to the reinforces our belief that responsible Founder and Chairman of Zenith banking is essential for long-term Continued on page 5 success and societal impact.”
NLC, TUC Adamant, Say Strike Goes on Today, As Negotiation with N’Assembly Fails Akpabio: Strike will bring more hardship Action premature, illegal, Fagbemi declares Bala Mohammed: demands not feasible for states There’ll be dire economic consequences, Ngelale warns Sultan appeals to labour to shelve strike ȱ ¢ȱ ȱ ȱť
BIRTHING OF GEREGU 3... Sitting in the front row: Managing Director, Siemens Energy Nigeria, Seun Suleiman; Managing Director, Siemens Energy Middle East and Africa, Dietmar Siersdorfer; Chairman, Geregu Power Plc, Femi Otedola (CON); and Chief Executive Officer, Geregu Power Plc, Akin Akinfemiwa; Standing in the back row: L-R: Project Executive, Geregu Power Plc, Taj Giwa-Osagie; Project Director, Siemens Energy Nigeria, Sean Manley; Deputy Chief Executive, Geregu Power Plc, JB Omodayo-Owotuga; Independent Non-Executive Director, Geregu Power Plc, John Lee; Independent Non-Executive Director, Geregu Power Plc, Doron Grupper; Non-Executive Director, Geregu Power Plc, Christopher Adeyemi; and Sales Director, Africa Gas Services, Siemens Energy, Kolapo Oyagbola, during the signing of Memorandum of Understanding between Geregu Power Plc and Siemens Energy to jointly develop solutions for capacity expansion at the Geregu 1 power plant in Berlin, Germany…Wednesday last week
Oando Turns the Corner with 2023 Interim Results, Records N74.7Billion Profit, 71% Increase in Turnover...
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