Mr Emmanuel Armah-Kofi Buah, Minister of Petroleum, commended Wuta and CCL for the project implementation and projected that by 2019, the country would be producing about 500 cubits of gas to help Ghana's efforts at making the power crisis a thing of the past. He emphasised that government was doing everything to ensure that more gas was produced to support power generation in the country. He announced that more than 100 million cubits of gas is currently being produced by the Ghana Gas Processing plant, while additional gas would be produced from the
TEN project to boost power generation in the country.
Largest Gas Engine Power Plant in Sub-Saharan Africa to Be Built in Ghana
PRESS RELEASE Cummins Cogeneration Limited (CCL) and WUTA Energy have finally sealed a deal to commence the development of a 140MW gas-fired power plant in the Western region of the country.
The plant which will be based in Beyin, in Jomoro district forms part of the first phase of a 300MW Power Purchase Agreement to supply energy to the Ghanaian Grid. Mr. Deepak Khilnani, Chairman of Cummins Cogeneration Limited (CCL), in a remark at signing of the agreement said CCL was elated to be taking steps towards meeting Ghana's energy needs, adding that "since the discovery of Ghana's natural gas reserves, it has been expected that gas would play a prominent role in the country's energy sector."
He said the plant would be fueled by gas from the Gas Processing Plant at Atuabo through a 4km pipeline. Mr. Khilnani assured that the company had made substantial arrangements in the local content policy. "We want to utilize the energy and talent of local Ghanaians to make this project a social benefit, as well as an economic success. We firmly believe it will have a positive impact on both short and long term local employment", he said.
He said the project would be environmentally friendly and would meet all standards required from regulators, adding that there would be no pollution and noise from the plant. He stressed that the project would utilise Organic Ranking Cycle (ORC) which captures waste heat from the plant to generate additional energy. He entreated all stakeholders to cooperate in the execution of the project to ensure its timely completion.
Mr. David Brigidi, Chief Executive Officer (CEO) of WUTA Energy Ghana, hinted that the project would offer a major improvement to the Ghanaian energy sector, provide employment and training to Ghanaians in various aspect of the power generation business. "The Beyin Power Plant Project will not only increase the total energy base the country requires, but it will also jump start economic activities especially in the catchment communities which will enhance the living standard of the people," he said.
He disclosed that the project was divided into two phases, with Phase one providing 140MW of power and scheduled to be completed in August 2016. He said Wuta Energy have secured site, a gas sales agreement and power purchase agreement from the various regulators in the oil and gas sector for the construction of the project . He expressed appreciation to the chiefs and people of the Nzema area for releasing the land for the project and allowing feasibility studies to commence.
Mr Emmanuel Armah-Kofi Buah, Minister of Petroleum, commended Wuta and CCL for the project implementation and projected that by 2019, the country would be producing about 500 cubits of gas to help Ghana's efforts at making the power crisis a thing of the past. He emphasised that government was doing everything to ensure
Tullow Oil Plc, responsible for some of the biggest discoveries on the continent, is concentrating on safer projects in Ghana and Kenya after cutting jobs and trimming its annual exploration budget to about $200 million from $1 billion.
African production, already 19 percent below its 2008 peak of 10.2 million barrels a day, is set to drop for a third year. The absence of legislative and regulatory certainty has reportedly halted investment of as much as $5 billion by explorers including Shell in South Africa. In the current scenario, only a third of $270 billion of potential investment projects in Africa make economic sense, Obo Idornigie, of Wood Mackenzie, was quoted as saying. And all this needs to be read in the back drop of the reality that, six of the 10 biggest global oil discoveries in 2013 were made in Africa. Oil world is not in the best of the shapes. And it’s not just the current market woes. The future of the industry is now at stake too. And the world is not prepared — to say the least.
developments in ghana in the months RNS in sept. would like to see news before the christmas recess who knows? how long does it take to look at a new application?. i think there could a change in a sign agreement look at erin energy .who took the tano block of clontarf.
Clontarf Energy Market Cap: £1.7m; Current Price: 0.375p Interims: Progress in Peru • Loss before tax reduced to $86k (H1 FY14: $159k) and cash of $323k (H1 FY14: net debt of $584k), following the £500k placing in H2 FY14. • Peru: During H1, Union Oil & Gas, a large private South American agribusiness/energy group, took over the rights and obligations on Block 183. Management believes this is a particularly prospective block with adjacent consumer gas markets and discoveries nearby. Union was a target partner for Clontarf in 2011 but Union lacked local knowledge and the block passed to a local group. This group has struggled to secure funding and the block has passed to Union that is now operating elsewhere in Peru and is working on Block 183. Clontarf has a 3% revenue royalty up to $5m each for any two discoveries that are brought into production. • Ghana: The Ghanaian National Petroleum Commission is actively considering the current re-application by Pan Andean Resources (60% Clontarf, 30% Petrel and 10% local interests) over c. 1,500km2 of the shallow to medium depth part of the prospective Tano Basin. This follows the dispute on the reassignment over what management believed to be its acreage and how best to implement the terms of a court approved settlement relating to a signed 2010 Petroleum Agreement that had not been approved by the Ghanaian cabinet or parliament.
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