Category: Energy
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Ofori-Atta lauds establishment of independent secretariat to achieve climate prosperity
The Minister for Finance, Ken Ofori-Atta has disclosed that, the decision to establish an Independent Secretariat for Climate Vulnerable Forum and the V20 Group of Finance Ministers was a giant step towards achieving climate prosperity objectives. The Minister, who is the Chair of the V20 – the Finance Ministers of the Climate Vulnerable Forum, made…
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Managing Director of TOR resigns
The Managing Director of the Tema Oil Refinery (TOR), Jerry Kofi Hinson has resigned on health grounds, according to a letter sent to President Nana Akufo-Addo. Mr Hinson in his letter dated August 11, 2023, stated that he is unable to continue his role as the MD due to unforeseen health circumstances. “It has been…
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Energy Commission targets 10% integration of renewable energy into national mix by 2030
The Energy Commission is targeting a 10 percent integration of renewable energy into the national mix by the year 2030. According to the commission, though the adoption of renewable energy was gradually being integrated into households and commercial entities, strategies were being put in place to scale up the integration. Deputy Director in charge of…
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Gas is the ideal transitional fossil fuel due to its low carbon emissions – Ghana Gas CEO
The Chief Executive Officer (CEO) of the Ghana National Gas Company (Ghana Gas), Dr. Ben K. D. Asante, emphasized the importance of embracing new gas markets in the energy transition discourse during a stakeholder round table discussion held on Tuesday, July 4, 2023. With the theme “Embracing New Gas Markets in the Energy Transition Discourse,…
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Chamber of IPPs orders members to suspend power supply from July 1
There is an impending power crisis as the Chamber of Independent Power Producers (IPPs) has directed its members to cut supply to the national grid from July 1. The directive to nominate nothing and not declare an availability of power to the system operator is to last till July 8. Members of the Chamber include…
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Stop financing fossil fuels projects in Africa – CSOs to AfreximBank
A coalition of African NGOs working for Just Energy Transition is calling on AfreximBank to stop financing fossil fuel projects that pose a threat to the environment. The group accused AfreximBank’s financed fossil fuel projects in Nigeria, Mozambique, and East Africa of causing “significant socioeconomic impacts, including land grabbing, displacement, loss of livelihoods, increased poverty,…
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Ghana faces imminent power crisis as IPPs threaten shutdown over $1.73bn debt
Ghana is on the verge of a severe power crisis in the coming days if immediate measures are not taken to address an outstanding debt of $1.73 billion owed to the Independent Power Producers (IPPs). The IPPs have issued a renewed ultimatum, threatening to shut down their plants starting July 1, 2023, unless the government…
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Bui Power Authority completes first floating solar project in Sub-Region
The Bui Power Authority (BPA) has successfully completed the construction of its pioneering 5-megawatt floating solar project, making it the first of its kind in the sub-region. The commissioning of the project is anticipated to take place later this year. The BPA initially embarked on the floating solar project with a capacity of 1 megawatt,…
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PURC sets guidelines on competitive procurement for electricity generation capacity and energy
The Public Utilities Regulatory Commission (PURC) on June 9, 2023, approved the rate setting guidelines for competitive procurement and supply of electricity generation capacity and energy for the regulated electricity market. According to the Executive Secretary of PURC, Dr. Ishmael Ackah, the purpose of these guidelines is to promote transparency and efficiency in the procurement…
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Policy Certainty: Key to reversing Oil Production Decline and optimizing indigenous natural usage in Ghana
The need to prioritize the development of indigenous petroleum resources have become ever critical for two key reasons; the energy transition and energy security in a volatile energy market. Recent global geopolitical issues and energy trends teaches Ghana that lesson— to prioritize its God-given oil and natural gas resource, to secure its energy requirement and…