Wednesday, December 8, 2021
A road show to present the much-awaited energy bond to investors is expected to start on Monday, October 16, through to October 19, in New York, Boston, and in London, to raise about GH¢6billion as first tranche. “Presumably, a week after the road show we would expect settlement of the...
Minister for Energy Boakye Agyarko has said beginning next year some government institutions will have their power component converted to solar to ease pressure on the national grid. Government institutions, including the Flagstaff House, Parliament House, Junior and Senior High Schools, are expected to have their power component converted to...
Government has been warned to explore an out of court settlement with the Public Utilities Workers Union (PUWU), as the country runs the risk of missing out on the US$498.2 million Millennium Challenge fund, a coalition of stakeholders on the Electricity Company of Ghana (ECG) concession arrangement has warned. However,...
The National Petroleum Authority has been mandated to hire 200 auditors to ensure that safety standards are fully complied with at all gas stations in the country. The auditors will move from station to station to ensure that safety equipment such as CO2, foam and others are all in place. The...
The newly-appointed board of the Volta River Authority has been mandated to convert all non-power businesses of the authority into stand-alone commercial ventures, as part of restructuring efforts commenced by government. The authority, by its creation, is involved in other businesses in non-power sectors such as health, education, hospitality and...
In spite of the vast opportunities available in the upstream oil and gas sector, local participation is very low due to high barriers of entry, a report by Ernst & Young (EY), Ghana, indicates. The report shows that local participation in areas like well drilling, engineering services, exploration and subsurface,...
Government intends to scale up the penetration of renewable energy in the system, with a plan to hit 300megawatts of solar by 2020. As part of the measures, the Bui Power Authority has completed expansion works on its switchyard to accommodate the injection of up to 250MW of grid solar...
The country’s desire to ensure universal electricity access by 2020 is likely to suffer a severe blow when ECG goes under private care, as the Millennium Challenge Corporation (MCC) wants further power expansion projects halted. A feasibility study conducted by the MCC, on behalf of government, as part of the...
A self-styled contractor of the Electricity Company of Ghana working around Oyarifa-Teiman in the Greater Accra Region is, in connivance with some opinion leaders of the area, charging residents between GH¢370 and GH¢490 under the pretext of providing them with ECG meters. The said contractor, whose name the B&FT could...
Trade and Industry Minister, Carlos Kingsley Ahenkorah, has indicated that government is considering various interventions in the energy sector that will make power more reliable and affordable, as it seeks to empower the private sector to create the much-needed jobs to drive the economy. “Very soon, if you want to...
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