Tag: Cenpower
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Cash flow is important for IPPs – Cenpower Board Chair to Gov’t
Board Chairman of Cenpower Generation Company Limited, operators of the Kpone Independent Power Plant, says as government works around the clock to beat down the cost of power from Independent power producers (IPPs) the cash flow of companies also needs to be prioritized. In the past three weeks, government has agreed new power purchase agreements…
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We’re ready to receive GNPC Gas and save Gov’t money – Cenpower
The Board Chairman of Cenpower Generation Company Limited, operators of the Kpone Independent Power Plant, has assured of his outfit’s readiness to receive and use gas from the Ghana National Petroleum Corporation (GNPC) as part of a new agreement with government, which is expected to lead to savings of about $ 3 billion dollars over…
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Gov’t makes significant savings in gas supply agreement with Cenpower
Government and Cenpower Generation Company Limited (Cenpower), a major power producer in Ghana have successfully secured terms for a gas supply agreement, GSA. According to the agreement, Cenpower Generation Company Limited (Cenpower) has committed to switching its primary fuel from light crude oil (LCO) to natural gas and signed a gas supply agreement (GSA) with…
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Francis Boateng named as new TOR MD
President Akufo-Addo has nominated Mr. Francis Boateng as the new Managing Director for the Tema Oil Refinery according to Citi News sources. He replaces the immediate MD, Kweku Asante Berko, who resigned over allegations of his involvement in a bribery scandal by the Securities and Exchange Commission in the U.S.A. TOR has been without a…
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GRIDCo partly blames power outages on lack of funds to purchase fuel
The Ghana Grid Company, GRIDCo, has blamed the lack of sustained financing to fuel the various dual power generation plants as partly accountable for the intermittent power outages experienced in parts of the country. According to the power transmission company, Ghana’s ability to resolve the recurring problem should ease the apprehension associated with intermittent power…