Audio By Carbonatix
Gas supply from Nigeria has picked up from a low of 50 million to 100 million standard cubic feet per day, inching closer to the 120 million contractual volume, Mr. Kofi Ellis, Director, Planning & Business Development at the VRA, has said.
"The past few days supply has been about 100 million standard cubic feet per day and we are virtually using it to pack the pipeline.
It means we are storing the gas in the pipeline all the way from Nigeria to Ghana so that in case supply goes down, at least we will have a few reserves in the pipeline that can help us run" he told the B&FT on the sidelines of the Oil and Gas summit in Accra.
He could not tell, however, whether supply will remain that high for the long-term in view of the intermittent sabotage of pipelines in Nigeria that feed into the West Africa Gas Pipeline.
Asked whether the improvement in gas supply will end the, load-shedding, he said: “Already you have seen an improvement in power supply, haven't you? I am telling you that by the end of this month, when all the machines under maintenance are fixed, the power situation will normalise”.
CEO of the Ghana Grid Company (GRIDCo) William Amuna also said: “You have seen it; over the past few days it's been better. Load-shedding has gone down a little and we are hoping that it will be better still. The issue now has to do with some of the generators that are not back. When they are back, we expect that there will be an increase in power generation and the situation will improve”.
Aside from the decline in gas supply from Nigeria, the power sector managers have cited as causes of the load-shedding machine breakdowns and expansion works at the Takoradi 2(T2) power plant, which will increase its capacity from 220 megawatts to 340 megawatts.
The increasing number of thermal plants in the country's generation mix is pushing gas demand over the rooftops.
Demand is pegged at 400million standard cubic feet per day.
With its eyes set on the country's own gas from the jubilee oil field, government wants gas to contribute up to 50% in thermal power generation by 2015. The other half will be crude, which is twice as expensive.
Consumers have been livid over the erratic supply of power in the country, with industrialists in particular complaining about its impact on their businesses.
The quarterly business barometer by the Association of Ghana Industries, which measures confidence in the business environment, hasoften cited power supply as oil of the major challenges businesses in the country.
On Wednesday April 9 2014, the industrialists registered their displeasure at a meeting with the power utilities in Accra asking for an immediate end to the power crisis.
"We are not at all satisfied with their responses. What we I want is an immediate solution to the power crisis. We all found out from this discussion that fuel is really what they need. If they can get the fuel, of course I the turbines will be running - and this is the crux of the matter," Dr. Adu Gyamfi, AGI's Vice President in charge of Large Scale Industries, told the B&FT at that meeting.
Latest Stories
-
We’re on a journey together to restore our party to its rightful place – Dr. Bawumia to NPP delegates
3 seconds -
Thieves use drill to steal €30m in German bank heist
10 minutes -
Protests spread across Iran for third day after currency hits record low
20 minutes -
NRSA to enforce mandatory removal of broken-down vehicles from highways in 2026
1 hour -
Individuals on trial by the A-G linked to a potential NPP flagbearer – Rosemond Obeng alleges
1 hour -
President Mahama signs law regulating cryptocurrencies and virtual assets
1 hour -
‘Cyborg’ seen in viral video firing gun during musician Asake meet-up arrested
2 hours -
Media Coalition Against Galamsey calls for prosecutions, questions effectiveness of deportation policy
2 hours -
Tyson Fury pays tribute to Anthony Joshua’s friends killed in Nigeria car crash
2 hours -
GTA welcomes Mr Eazi’s $2m event centre investment plan
2 hours -
Mrs Sylvia Cudjoe
3 hours -
If gov’t walks the talk in budget, 2026 will be a good agriculture year – Dr Opoku Gakpo
3 hours -
Enforcement of law, order in Bawku non-negotiable – Asiedu Nketia
3 hours -
Lady Mae Injects GH¢1.59m into women’s empowerment as she launches ‘Save You First’
3 hours -
Prof. Emmanuel Adinyira: When traffic decides who lives
3 hours
