Tag: Institute of Energy Security
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GNPC departing from its CSR strategy — policy think tank
The Institute of Energy Security (IES) has said the Ghana National Petroleum Corporation (GNPC) is deviating from its corporate social responsibility strategy with the provision of funds to support the activities of quasi-state institutions among other stakeholders. GNPC, the state agency responsible for the exploration, licensing, and distribution of petroleum-related activities last month approved some…
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Restrictive tender may produce worse outcome than PDS deal — IES
The Institute of Energy Security (IES) has stated that the government’s decision to use a restrictive tendering process to select a successor to PDS may yield a worse outcome. A statement released by the think tank and signed by its Executive Director Paa Kwasi Anamua Sakyi said the termination of the PDS deal comes as…
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IES wants thorough engagement in gov’t, IPPs take or pay renegotiation
The Institute of Energy Security (IES) has called for further engagement between government and the independent power producers regarding the renegotiation of take or pay agreements. Their comment comes after the Chamber of Independent Power Producers and Bulk Distributors also called on the government to consider an efficient way to renegotiate power purchasing agreements with…
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Institute of Energy Security wants PDS to improve revenue collection
The Institute of Energy Security has charged the Power Distribution Service (PDS) to improve the collection of revenue for power sold in order to ensure prompt payment of power producers. The admonition follows threats by Independent Power Producers to cut power if some monies owed them are not paid. The Chamber of Independent Power Distributors…
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Petroleum prices likely to see marginal increase in coming days — IES
Consumers should expect a likely increase in the price of fuel at the various pumps for the first pricing window in June as the price of fuel per gallon slowly reaches GH¢24. This is according to the Institute of Energy Security (IES). The IES in a press release has indicated that the increment in the…
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IES joins calls to stop amendment to AMERI deal
Opposition has intensified against the new arrangement on the AMERI power deal which is currently before Parliament. The latest to resist the new plan is the Institute of Energy Security (IES). The energy think tank believes the country risks paying more when the deal is agreed upon, in its current form. The IES also cautions…
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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…