Ken Ofori-Atta, Minister of Finance, has announced that government will add a total of 1,227MW of installed power capacity to the national grid to meet the growing demand for electricity.
This would be outside of the 880MW total installed generation capacity facilitated by the previous administration last year.
Mr. Ofori-Atta said the projects to be carried out included the 370MW AKSA project, 107MW GPGC project, 350MW CenPower Project and 400MW Early Power Project, among others.
“ECG and NEDCO will continue with system upgrade projects to improve the quality of power supply to customers.
“Furthermore, steps would be taken to ensure that outstanding issues surrounding the implementation of the Ghana Compact II are addressed to allow for its implementation in order to achieve the desired objective.”
He explained that government would work with the Jubilee Partners to address the shortfall in oil and gas production resulting from damage to the turret bearing on FPSO Kwame Nkrumah in 2016 adding that a three-phase approach to convert the FPSO Kwame Nkrumah to a permanently spread-moored would be adopted.
“First gas from the TEN fields to the Gas Processing Plant (GPP) should be expected in the first half of this year.”
“GNPC is engaging partners to develop an integrated technical and commercial schedule that will target gas start-up in the 2nd quarter of 2018.”
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