The Ghana Gas Company has confirmed that Sinopec has threatened to abandon the gas infrastructure project if government continues to fail in honouring its financial commitments on the project.
Sinopec is the Chinese petrochemical company constructing the 700-million dollar gas project which started in 2011 in the Western Region. The project was expected to be completed last year.
The project is only about 60 percent complete so far, largely due to financial constraints.
The Chief Executive of Ghana Gas Company, Dr George Sipa Yankey, told Joy Business the Company has been continuously pleading with SINOPEC not to stop work.
He said government has sent a team to China to discuss the issue with the China Development Bank (CDB), who are financing the project.
The project when completed will provide gas for power generation as well as domestic purposes.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
19 arrested in raid on drug and robbery dens at Kasoa Dominase, Onion Market
19 minutes -
Luv FM High Schools Debate heats up as top schools advance to Round of 16
24 minutes -
Asantehene urges chiefs to offer lands as equity for farming
40 minutes -
GhanaFest Alberta 2025 launch ignites diaspora business momentum
1 hour -
22-year-old hearing-impaired man allegedly dies by suicide after rape accusation
1 hour -
CAETE 2025: MDF seals 10k jobs deal with China’s Yixintai Group
2 hours -
Climate Change: AGN Chair emphasises importance of Africa’s unity in global negotiations
2 hours -
TV stations risk prosecution over pirated content – Copyright Office warns
2 hours -
Anointed Engineering donates ‘Borla Macho III’ tricycle to support sanitation drive in Accra
2 hours -
CLOGSAG threatens strike in 2 weeks over delayed conditions of service
2 hours -
Resolve energy issues, don’t burden Ghanaians with new taxes – Tax Analyst
2 hours -
Dr. Adutwum honoured in the US for outstanding contribution to education in South Los Angeles
2 hours -
TEWU-GH, KNUST Local urges suspension of Registrar vacancy declaration; calls on GTEC to intervene over premature retirement concerns
3 hours -
Largest indigenous tree nursery facility in Africa inaugurated at Bibiani
3 hours -
Minority concerned over Common Fund disbursement delay despite Finance Minister’s assurances
3 hours