The state-run Ghana Gas Company Ltd has signed an MoU with
Gasol's AfGen subsidiary to provide additional gas supply to Ghana.
It is hoped that the agreement will provide a longer-term more
secure gas supply to improve Ghana's power generation deficit and
prevent the need for electricity rationing. A 28 February
statement announcing the move said that AfGen and Ghana Gas
proposed to “explore the establishment of various joint venture
arrangements for the supply of imported natural gas into Ghana
as well as the downstream sale and marketing of gas to power
generators and industrial/mineral processing enterprises in Ghana”.
Gasol's CEO, Alan Buxton said, “We are very pleased that Ghana
Gas has agreed to explore collaboration with AfGen in a broadly defined
partnership, including the importation and supply of
non-indigenous gas to customers in Ghana, thereby assisting in bridging
the Ghanaian gas deficit for power generation.”
Ghana has experienced frequent power cuts in recent months
because of the West African Gas Pipeline Company's inability to supply
gas through its West African Gas Pipeline (WAGP) which has been out of
operation since August 2012 following an accident in the Togolese
capital of Lome. Last month, President Mahama said during his State of
the Nation address that Ghana's current erratic power supply
had been causing him “sleepless nights” and promised to fast track the restoration of the WAGP, due for completion in April 2013.
For more news and expert analysis about Ghana,
please see Ghana
Politics & Security.
©
2013 Menas Associates
No comments:
Post a Comment