John Abdulai Jinapor, the Deputy Minister of Energy and Petroleum reveals that the Government agrees to spend GH¢1.8 billion on light crude oil to generate power for thermal generators to produce electricity.
Mr Jinapor is speaking to the journalists at Tema, where he mentioned that we have to put focus on our need of electricity, carefully, because power thermal plants requires a lot of money which cannot be afforded by the Ghanaian Government.
He added, the Government of Ghana spends GH¢5 million on a daily basis on light crude oil to power thermal generators.
Abdulai Jinapor said, Ghanaians have to adopt some practices regarding energy conversation to reduce waste so that it can be extended to those who don’t have access.
Speaking at the opening of a two-day international workshop on Liquefied Natural Gas (LNG) Negotiations in Accra recently, the Minister said, the Ghana’s thermal industry will soon be relying on gas as a fuel in the nearby future.
He also said about the current condition of the thermal power industry in the Ghana is expensive as we are totally dependent on light crude oil and in some cases diesel, which is not making any profit to our economic strategy.
The Deputy Minister of Energy and Petroleum said, the current situation in the country has left no attraction in the investment of thermal power generation – whether public or private – because there is no any guarantee of the returns of investment associated with these investments.
He reveals about the latest plans of the Ministry of Energy and Petroleum, which includes re-gasification business in Ghana and the development of a Liquefied Natural Gas (LNG).
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