The Managing Director and Group CEO of GOIL, Kwame Osei Prempeh, has been honoured as the Most Respected CEO of the Year 2020 in the Oil Marketing category at the 3rd Ghana Industry CEO Awards 2020 held in Accra.
The award recognises the good corporate governance and achievements of identified...
Government has assured that intermittent power supply locally known as “dumsor” will not return to the country’s energy sector.
According to government, it has saved the energy sector over US$5 billion by relocating the Karpowership Ghana Company Limited and securing agreements with CENIT Power Limited and Cenpower Generation Company Limited...
For many people, the Christmas season is a time for celebrating, traveling, and spending time with friends and family. Understandably, not many will have time to draw up investment strategies when preoccupied with tinsel and turkey. Nevertheless, the holiday season can provide some impressive stock market returns, especially now...
FROM MANUAL TO AUTOMATIC CONTROLS:
Inside the control room of the newly refurbished Kpong Hydroelectric Dam, engineers click on buttons on a computer screen to regulate the spillway gates of the dam. This is a departure from the situation years back, when controls were done manually.
The 160 MW Kpong dam,...
The Institute for Energy Security (IES) is predicting a sharp increase in fuel prices in December 2020.
According to the IES, the increase is due to a 11.5% increase in prices of International Benchmark- Brent crude, the 6.94% increase in prices of Gasoline, 7.26% increase in Gasoline prices and the...
The presentation focused on the global energy transition and the role of renewable energy within this transition and also opened the platform for a collaborative and informative panel discussion. The current trajectory suggests that renewables are displacing the use of fossil fuel in energy generation partly due to climate...
The Public Interest and Accountability Committee (PIAC), has published its Semi-annual Report on the management and use of petroleum revenues for the first half of 2020.
The report is being released two months later than the statutory reporting date of 15th September. This is largely due to the Covid-19 pandemic,...
Crude oil prices tumbled on Monday, as investors waited for a decision by producer group OPEC+ whether to extend large output cuts to balance global markets, but vaccine hopes helped keep benchmarks on track to rise more than a fifth in November.
January Brent crude futures, which will expire later...
The Bui Power Authority (BPA) has commissioned 26 megawatts (MW) of solar photo voltait (PV) resources to augment its 404MW hydroelectric generating station.
The coming on stream of the 26MW floating solar PV is the beginning of the Bui hydro-solar hybrid production. It is the country’s first ever hybrid plant...
The country coughs out a combined US$1.2billion yearly to pay for excess power capacity and gas which it does not use, Dr. A Ofosu Ahenkorah, a former Executive Secretary at the Energy Commission has revealed.
The amount, he explained, is the result of existing power purchasing agreements and gas deals...