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In West Africa, Ghana is anticipating the arrival and connection of the 450MW Karpowership, which is expected to improve the current power supply situation, according to the African Centre for Energy policy (ACEP).

Citi Business News reported that this vessel will replace the previous one, which had a lower generating capacity of 225MW at Tema.

Karpowership to enter docks

According to media resources, the gas-to-power vessel has entered Ghana’s territorial waters and is closer to feeding power into the national grid thorugh a 10-year supply agreement.

Citi Business News reported that the government of Ghana through the Electricity Company of Ghana (ECG) signed an agreement with Karpowership Ghana Company Limited for the provision of the 450MW capacity to augment the power supply.

Executive director of ACEP, Benjamin Boakye, explained: “The 250MW was a short term measure to ensure that while we were awaiting the 450MW, we still had something to rely on.

“So they had to replace that with the contractual value that we signed up to and that is what they have actually done.” Read more…

High cost of power

Boakye has reiterated the need for Ghana to reduce the high cost of power for businesses, Citi Business News reported.

“His call follows concerns by some industry players that Ghana’s high cost of power measures high compared to others within the sub-region,” Citi Business News noted.

Boakye commented: “I think that is something that we all understand and the sector also knows that electricity tariffs are expensive in Ghana and that affects our competitiveness as a country.

“Today some other factors may go in for us; we are more stable and therefore investors have confidence in investing in a stable economy.”

He concluded: “But the question we need to ask ourselves is that should the other countries gain that stability and credibility that we have, will Ghana still continue to attract investments?”

 

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