Energy

Understanding Decommissioning & Rehabilitation

The activities of the extractive industry (mining, oil and gas) without a doubt have an impact on the environment after these activities have come to an end. Natural resources are finite in nature (we won’t have these resources forever) and as such there will come a time when all the oil and mineral reserves available for extraction are no longer ...

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Tullow Oil’s outlook lifted by higher output, oil prices

Tullow Oil

Tullow Oil raised its production targets on Wednesday thanks to higher output from its flagship West African fields as higher crude prices brightened the outlook for the debt-ridden explorer. The London-listed firm also slashed its 2017 spending target by a quarter to $300 million due to lower expenses in East Africa, and reduced its debt to $3.6 billion while increasing ...

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Govt fails to raise 6 billion cedis for energy bond

bond

Government failed to raise the 6 billion cedis for the energy bond it issued last week. Government was able to raise 3.4 billion cedis as at Friday, October 27, 2017. As a result, the managers of the bond have announced an extension of the auction for the 10 year bond by one more week. The 3.4 billion cedis so far ...

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470MW Karpowership connected to national grid

Karpowership

Karpowership Ghana Company Limited has connected its 470megawatts (MW) Karadeniz Powership Osman Khan to the national grid. The powership, which arrived in August this year, has completed all requisite commissioning works, operational tests and has begun supplying power to the national grid. This will significantly help ameliorate the power supply in the country. The operation of Karadeniz Powership Osman Khan ...

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Landmark LNG to add 1,000MW power to Ghana’s supply

Gazprom

Ghana has signed a new power deal with the world’s largest gas producer, Gazprom, to add up to 1,000 MW to Ghana’s power supply. The transaction, completed by Energy Minister, Boakye Agyarko, and the CEO of the Ghana National Petroleum Corporation (GNPC), Dr. Kofi Koduah Sarpong, has saved Ghana over $1 billion, according to the Energy Ministry. The new Liquefied ...

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First digital service for ECG prepaid power launched

Cellulant

Cellulant, a multinational payments company has launched “Mula”, a payments platform that has revolutionized payments in Ghana by providing the first digital payments service for ECG prepaid. Before the launch of Mula, ECG customers needed to visit an agent nearby their home to buy power credit. This experience proved difficult and inconveniencing customers when power credit would run out sometimes ...

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470MW Karadeniz Powership Osman Khan arrives in Ghana

Karpowership

Karpowership Ghana Company Limited has announced the arrival of the world’s largest Powership, the 470MW Karadeniz Powership Osman Khan to Ghana. A statement from the Company said the Powership will start operating in the Tema Fishing Harbour in September. The arrival of Karadeniz Powership Osman Khan is in line with the Power Purchase Agreement signed with the Electricity Company of ...

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ABB, VRA partner to build expertise for power sector

ABB

ABB, a pioneering leader in electrification products, robotics and motion as well as industrial automation and power grids, has entered a two-year capacity building partnership with the Volta River Authority (VRA). The deal will see former offering power and automation training and allied technical assistance to engineers, trainers and trainees at the VRA Academy over the contract period. It will ...

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Gas shortage affects Asogli Plant

Asogli

Operators of the Sunon Asogli Power Plant have indicated that the plant is running at half capacity due to insufficient gas supply from the West African Gas Pipeline Company (WAGPCo). The company, which completed its phase two power plant in January, this year, is expected to add about 360-megawatt power to its supply. But speaking to journalists at the sidelines ...

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PIAC demands swift clearance of $ 2.4bn energy sector debts

PIAC

The Public Interest and Accountability Committee (PIAC) has warned that the troubles confronting Ghana’s energy sector may deepen soon if the huge debts in the sector are not settled. PIAC argues that the debt owed particularly by the Volta River Authority (VRA), greatly affected operations for 2016 considering the declining global oil prices. In the Committee’s 2016 annual report, it ...

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