The Auditor General (AG) has indicated that the Electricity Company of Ghana (ECG) is indebted to the Bui Power Authority (BPA) to the tune of US$386,878,949.46.
The AG, in its latest report noted that monthly invoices to the ECG have not been settled within the required 60-days period, resulting in...
The International Monetary Fund (IMF) has said that the country’s energy sector debt will continue to remain above US$1billion per year if government does not step up its game in implementing the Energy Sector Recovery Plan.
According to the Article IV report (2021) of the IMF, as at the end...
Many things are admirable about Ghana, compared to our neighbouring countries. Among these are free speech, fair elections, peaceful transitions of power, and an empowered civil society. In some ways, Ghana has more in common with the United States' democracy than many countries on our continent.
However, in the not...
The Minister for Energy Dr. Matthew Opoku Prempeh will today cut the ribbon to launch Ghana’s delegation pavilion at the Offshore Technology Conference (OTC)2021 in Houston, Texas, USA.
The OTC, an annual event which starts today and runs until Thursday, provides energy professionals with the opportunity to meet to exchange...
Let’s begin our discussions by emphasizing that solar power (SP), wind power (WP) and nuclear power (NP), the three options for power production, which have been at the centre of our discussions, together with hydropower, (HP), are clean and low-carbon energy sources for the anticipated world without fossil fuels....
The Board of Ghana Grid Company Limited (GRIDCo) has at its meeting on Thursday August 12, 2021, confirmed Ing. Ebenezer Essienyi, as Chief Executive of the company.
This follows the nomination of Ing. Essienyi by the President Nana Addo Dankwa Akufo-Addo.
Ing. Essienyi, who is a member of the Senior Management...
Various countries are turning towards geothermal energy
Kenya hopes to double capacity over the next five years
South-east Asian governments offer incentives to encourage investment
High drilling costs pose barrier to further development
While solar and wind are the dominant segments in the transition to renewables, a number of emerging...
Eighty dormant Oil Marketing Companies (OMCs) on the books of the National Petroleum Authority, will soon have their operating licenses revoked, NPA’s CEO, Dr. Mustapha Abdul-Hamid has notified.
Dr. Abdul-Hamid, who was addressing the board of Association of Oil Marketing Companies (AOMCs) as part of his familiarization visit to petroleum...
The Court of Appeal (Civil Division) sitting in Accra has dismissed an application by Eni Ghana Exploration and Production Limited and Vitol Upstream Ghana Limited for stay of execution of a High Court ruling in the ongoing unitization legal tussle between the two companies and Springfield Exploration and Production...
The world is increasingly moving away from coal production
The cost of financing coal projects has increased sharply
Climate “bad banks” are seen as a solution to take over and wind down such assets
Plans are under way to establish a transition vehicle
Amid an increased focus on environmental...
