Skip to main content

President Nana Addo - commissions First Gas For Karpowership





President Nana Addo - commissions First Gas For Karpowership



The President of the Republic, Nana Addo Dankwa Akufo-Addo, has turned on the valves for the use of natural gas from the country’s gas fields, instead of Heavy Fuel Oil (HFO), on the 450-megawatt Karpowership for the generation of power.

This follows the relocation of the Karpowership from its original location in Tema to the Sekondi Naval Base, in the Western Region, and the subsequent conversion of 90% of its engines from being initially dependent on HFO to natural gas currently.  

With Karpowership taking approximately 50% of the volume of the take-or-pay Sankofa gas for power generation over the remaining period of the Power Purchase Agreement (PPA), Ghana, according to the Ministry of Energy, will save a whopping monthly take-or-pay cost of $40million and projected annual savings of $480million.

               Photos attached
Photos from Karpowership

Photos from Karpowership

Specifically, the switch of the Karpowership to natural gas would save electricity users an amount of $170.5 million per year, and a projected amount of $1.2 billion over the remaining term of the contract, by way of reduced electricity charges to consumers.

Commissioning the facility on Saturday, 7th December, 2019, President Akufo-Addo noted this conversion of Karpowership is in alignment with the promotion of the use of gas as the primary fuel for power generation by Government.

According to President Akufo-Addo, “the arrangement that we have made with the companies is that the gas that comes out of the ground belongs to us. We are not paying for it. If it is ours, we should use it.”

Additionally, the President stated that the conversion is to ensure the maximum utilisation of indigenous gas (OCTP gas) in the Western Region, “to reduce, to the barest minimum, or to eliminate the financial consequences under the take-or-pay obligation.”

Explaining the rationale for the relocation of Karpowership, he noted that the Western Region “is where the gas of our country originates. So, the gas is right next door, and it can feed the facility easily. There are several savings that come out as a result, now that we are going to use gas as the primary source of power generation in the country. We are talking significant sums of money over the course of the next 10 years. We are looking at something in excess of $1 billion worth of savings in the generation of power via gas”.

As a result of this, President Akufo-Addo explained that the use of natural gas “helps bring down the cost of electricity, saves our country, and makes it possible for us to look at a secure source of powering the transformation of our country’s economy and for the industrial development of Ghana. That is our main goal.”

With Government determined to move the country away from being mere producers and exporters of raw materials, the President indicated that stable, affordable and reliable power is required.

Reiterating the commitment of his Government to putting Ghana on a sound footing, he stressed that the development that is going to take place in Ghana over the years ahead is one that will not only benefit all sections of our society, but will also be irreversible.

“The business in Ghana where we go forward and stumble and then go back, we want to put that behind us by making intelligent arrangements in all sectors of our national life, especially in our energy sector, so that from now on when we are going forward, we can keep on going forward and forward and forward,” President Akufo-Addo added.

The President thanked the “competent people” at GNPC, VRA, GRIDCo, Ghana Gas, and the Electricity Company of Ghana “for doing an exceptionally good job in trying to protect our nation and its economic potential and development.”

Comments

Post a Comment

Popular posts from this blog

C/R: Assin Oboba Kokorowa Pupils Are Forced To Study In Dilapidated And Death Trap Building

  C/R: Assin Oboba Kokorowa Pupils Are Forced To Study In Dilapidated And Death Trap Building The fate of over 500 pupils at the Assin Obobakokrowa D/A Basic School in the Assin North District of the Central Region hangs in the balance as they learn under dilapidated structures. The the Assin Obobakokrowa D/A Basic School has not seen any major rehabilitation since its establishment in 1970s. Parents and residents in and around the community are appealing for urgent assistance due to the deteriorating condition of their classroom blocks .  The school's infrastructure has become unsafe, forcing pupils to learn under dire circumstances. Parts of the aluminum roofing sheets are rusting away, while their remains hang loosely on the tiny erected concrete pillars. Class sessions end abruptly whenever the clouds gather.  “Our roof is ripping off. And when it rains, it leaks into our classroom, so we have to end classes.  “When it leaks, our books get wet and we are not able...
Post a Comment
Read more

AFTER YEARS OF MINING IN AKWATIA – GHANA’S NEW ARTIFICIAL LAKE, THE ASUBONE STORY AND OUR TOURISM DRIVE ABSTRACT.... H. BRAKO

  AFTER YEARS OF MINING IN AKWATIA – GHANA’S NEW ARTIFICIAL LAKE, THE ASUBONE STORY AND OUR TOURISM DRIVE  ABSTRACT.... H. BRAKO Diamonds were first discovered in the Gold Coast Colony (Ghana) near the Birim River close to the town of Abomosu in 1919. The Birim diamond discoveries led mining companies to invest along that river. However, not until 1929 did organized diamond mining begin following additional diamond discoveries made by Ghanaian prospectors in the gravels of Bediebewu streams near Tarkwa. In 1924, the Consolidated African Selection Trust (CAST) was formed and became the major diamond mining company in Ghana. Over 2 million carats were mined by CAST from 1924 to 1939. CAST’s early success led to investment in other diamond exploration and mining ventures in West Africa particularly in Ghana – resulting in the establishment of Great Consolidated Diamond (GCD).  1n 1963 Lake Asubone was created artificially in Asubone near Akwatia in Denkyembour District of Gh...
Post a Comment
Read more

Asene Manso Akroso MP Celebrates Dedicated And Excellence Service In Education

Asene Manso Akroso MP Celebrates Dedicated And Excellence Service In Education The Member of Parliament for Asene Manso Akroso constituency in the Eastern Region Hon. George Kwame Aboagye popularly know as OLUWA on Friday December 12, 2025 successfully hosted second memorable Celebration and Best Teachers Award Ceremony for both public and private schools at Akyem Asene. The awardees were drawn from many categories, including, best teacher in administration, best teacher for SHS, best teacher for JHS (public and private), best teacher for primary (public and private), best teacher for KG (public and private), best teacher in ICT, best Education officer, best Non-teaching staff, and best longest serving and performing teacher in the rural area. The colourful event brought together number of teachers and students in both public and private schools, parents, traditional authorities and community members in a warmly atmosphere of peace and unity. With the agendas of the program a wide var...
Post a Comment
Read more