Officials of the Ghana Grid Company (GRIDCo) have served notice to Galamsey operators at Denkyira Brofoyedru in the Central region, to desist from mining activities close to their power transmission towers. Activities of Galamsey miners have become a menace to power supply in some localities in the Central and Western...
Energy Commission warns sector debt could hit US$12.5bn without urgent action
The Energy Commission says without urgent steps to address the chronic debt in the energy sector, overall sector liabilities could hit US$12.5bn by the end of 2023. The size of energy sector arrears and debts was about US$2.7bn as at January 2018, and it was forecast that an additional US$1.3bn...
Ghana’s oil production increased by 15 percent in 2019
A total of 71,439,585 barrels of oil were obtained from the three producing fields – Jubilee, Sankofa Gye Nyame (SGN) and Tweneboa Enyera Ntomme (TEN) in 2019. This figure is 15 percent more than what was produced in 2018, which was 62,135,435.07) barrels. A statement issued in Accra by the...
ENERGY COMMISSION 2020 ENERGY (SUPPLY AND DEMAND) OUTLOOK FOR GHANA
Energy Commission has released its 2020 Energy Outlook for Ghana. The report captures Electricity demand and supply for 2020. 2020-ENERGY-SUPPLY-AND-DEMAND-OUTLOOKDownload
ACEP insists Ghana Gas cannot act as national gas aggregator
Energy think tank, African Centre for Energy Policy (ACEP), still stands by its suggestion that government should make the Ghana National Gas Company (GNGC) a subsidiary of the Ghana National Petroleum Corporation (GNPC) with regards to the implementation of the Gas Master Plan and not an aggregator. According to ACEP,...
Debt profile likely to be exacerbated by COVID-19 power subsidy
Demand for future borrowings to pay power producers for today’s COVID-19-induced freebies is likely to exacerbate the country’s already precarious debt profile and push Ghana into a sovereign financial crisis if adequate measures are not taken, Dr. Jerry Kombat Monfant, President of MBIC Group – a management and strategy consulting...
SUNON ASOGLI POWER GHANA LIMITED AND GRIDCO COMPLETE US$5.3M PROJECT TO BOOST GHANA’S POWER SUPPLY
Sunon Asogli Power Ghana and Ghana Grid Company have completed a US$5.3m project to increase power transmission capacity in the country. The project, which commenced full-scale operation on Saturday April 18, 2020, involves the installation of a 200MVA Autotransformer to facilitate evacuation of about 120MVA additional generation capacity from the...