Tag: Dr. Amin Adam
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Government to revoke four petroleum licences for lack of development
Government is set to revoke the petroleum exploration licenses of some four companies which have failed to develop their allocated oil blocks. Deputy Petroleum Minister Mohammed Amin Adam told journalists in South Africa that the government will take aggressive action to ensure that its petroleum assets are harnessed for the benefit of Ghanaians. The licenses…
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Energy Ministry explains oil companies’ low interest oil blocks sale
The Energy Ministry has cited the lack of comprehensive data on Ghana’s oil blocks as well as the small size of the blocks as some of the reasons for the low interest in the first oil blocks bidding round. Out of the three blocks put up for the first bidding round, four companies expressed interest…
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Gov’t woos renewable energy IPPs with attractive waivers
Government has rolled out waivers for Independent Power Producers (IPPs) of renewable energy at a time that it has suspended the issuing of licenses to IPPs in the thermal space over concerns of excess power generation. This also follows government’s plan to increase the country’s renewable energy capacity to ten percent by 2020. Deputy Energy…