Audio By Carbonatix
Fears that the country’s gas infrastructure project at Atuabo could suffer further delays, have been allayed as the Chinese contractor, SINOPEC is expected to resume work Thursday 2nd May.
The Chinese petrochemical firm, Sinopec International Petroleum Service Corporation, abandoned the project at Atuabo in the Western Region because of nonpayment of funds to pre-finance the project.
There have been concerns this could further delay the project because it would only compel the Jubilee operators to flare gas which would negatively affect the country’s oil production.
There are serious concerns about the environmental implications of the process of flaring gas.
Ghana has decided to uphold high levels of environmental standards and hence analysts think the practice could be bad for Ghana’s environmental standards.
But the Communications Consultant at the Energy Ministry, Edward Bawa told Joy Business government has reached a mutual agreement with SINOPEC that should see the work on the project recommence today, May 2, 2013.
Mr. Bawa said the Attorney-General’s department and the Ministry of Finance with their China Development Bank (CDB) counterpart have been able to reach an agreement with the contractor for work to continue.
According to Mr. Bawa, SINOPEC has agreed to stay back and work.
The project when completed will treat raw gas from the FPSO Kwame Nkrumah to the fuel grade for power plants to boost the nation’s electricity supply by 1,000 megawatts and produce valuable by-products such as liquefied petroleum gas (LPG) and condensate translate in an additional income of approximately US$ 300 million per year for the country.
The $700 million Gas infrastructure project is being funded from the $3 billion loan from the China Development Bank (CDB) which is currently delaying.
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
-
Church of Pentecost supports over 2,000 BECE candidates in Obuasi with career guidance seminar
30 minutes -
Brandon Asante and Coventry all but promoted to Premier League despite Sheffield Wednesday draw
51 minutes -
GPL 2025/26: Late Kwartemaa strike downs Hearts in Tema
58 minutes -
Ghana Faces Sierra Leone Moment as Prosecutorial Powers come under strain
1 hour -
Don’t consume fish or seafood from Tema Shipyard until further notice – FDA warns
1 hour -
Why volunteering might be Africa’s most underrated career accelerator
1 hour -
ActionAid Ghana raises concern over gender gaps in Feed Ghana Programme
1 hour -
Windstorm wreaks havoc in Gushegu, displacing nearly 2,000 residents and damaging schools
1 hour -
Friends of Bridget Bonnie Marks her 35th birthday with donation to Kasseh Model Health Centre
2 hours -
From Ekumfi Kokodo to the Pulpit Stage: Essi Donkor’s gospel journey takes shape
2 hours -
Landfilling waste management creates no value, it’s an economic waste
3 hours -
Photos: Speaker Bagbin Commissions MPs constituency office under parliamentary decentralisation programme
3 hours -
Black Stars technical advisor Winfried Schäfer sacked as GFA shakes up backroom staff
3 hours -
Wenchi water project almost complete, critical to gov’t agenda – GWL MD
3 hours -
Anti-LGBTQ+ bill not part of government’s legislative agenda – Inusah Fuseini
3 hours