Tag: ACEP
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ACEP demands clarity on basis for reducing electricity tariffs
The African Center for Energy Policy (ACEP) is urging the Public Utilities Regulatory Commission (PURC) to provide details on factors that influenced the margin of reduction in electricity tariffs. ACEP argues its analysis proves that only the transmission service charge has been reduced while the bulk generation and distribution service charges have gone up for…
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Karpower deal extension: IES warns of rise in power costs (Audio)
The Institute of Energy Security (IES) is cautioning of an eventual increase in the cost of power generated from the Karpowership over the continuous payment of capacity charges. The IES believes this will also defeat the immediate claims by the government of reducing the cost of power produced from the power barge. The comments come…
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Low funding keeps sulphur in diesel products from TOR high
It is emerging that the Tema Oil Refinery (TOR) will need some 300 million dollars before it could refine products to the current specified sulphur content for diesel of 50 parts per million. The development also puts consumers at risk as there are fears the products may have been in circulation at the various retail…
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ExxonMobil must abide by local content laws – Analyst
Oil industry analysts want authorities to enforce Ghana’s local content policies as new entrants join Ghana’s oil exploration industry. The comments also follow the commencement of operations of ExxonMobil in Ghana. The company is expected to sign an agreement with the government on Thursday, January 18, 2018, on the development. Citi Business News has been…
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Analysts urge private sector involvement in TOR
Analysts in the oil and gas sector are upbeat about government’s plans to revamp operations of the Tema Oil Refinery (TOR). Though they have largely lauded the move, the industry watchers have suggested the need to attract private sector participation in order to achieve the full objectives. The comments also follow recent fuel shortage and…
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Revamp TOR to reduce petroleum imports – IES
The Institute of Energy Security (IES) has urged government to work to revamp the Tema Oil Refinery (TOR) in order to reduce the country’s over dependence on imported fuel. The IES argues that the development has dire implications should there be threats of cuts in supply. The comments come on the back of shortage of…
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Nigeria’s fuel shortage not to affect Ghana – ACEP
The Africa Centre for Energy Policy (ACEP) has ruled out any impact of the fuel shortage in Nigeria on Ghana. The energy think tank explains that Ghana’s decision to review downwards, its sulphur content for imported petroleum products, limits it from importing fuel from Nigeria. Nigeria has for the past three weeks been hit with…
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ACEP demands cancellation of non performing Petroleum Agreements
The African Centre for Energy Policy (ACEP) wants the Ghana National Petroleum Commission (GNPC) to review all petroleum agreements which have breached the minimum work obligation in the petroleum laws. Of the 14 petroleum agreements, 5 had been affected by the ITLOS ruling hence their inability to conduct the expected activities on the allocated block.…
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Maritime dispute win to boost Ghana’s economy
Analysts in the oil and gas sector are anticipating a judgement in favour of Ghana at the landmark case involving Ghana and Ivory Coast at the International Tribunal of the Law of the Sea (ITLOS). The Special Chamber of ITLOS is expected to deliver its ruling on the three-year dispute between the two countries. Ghana,…
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450MW Karpowership to stabilize power supply – ACEP
The African Center for Energy policy (ACEP) is hopeful the arrival of the 450 megawatts Karpowership will help improve power supply in the country. The new power generating vessel replaces an earlier once with a lower capacity of 225 megawatts at Tema. Citi Business News understands that the ship has arrived in Ghana’s territorial waters…