Prepare repayment of CBD loan from CBD plant of Atuabo Gas – Edward Bawa to the Government

Company News from Tuesday, April 16, 2019

Source: citinewsroom.com

2019-04-16

The Special Parliamentary Committee on Mining and Energy has congratulated Ghana 's gas company for undertaking an expansion exercise allowing it to process more gas by 2024, both for gas and gas. power plants only for private companies.

The expansion plan has already provided 5.7 million standard cubic feet of gas per day to two companies located in the enclave of Ashiem Free Zones in Shama District.

Committee members praised them during their visit to Atuabo's gas treatment plant.

A member of the Committee, Edward Bawa, who approves the expansion project, however, urged the government to make arrangements to repay the $ 1 billion loan provided by BDC for the construction of the plant before the start of the project. payment.

"Basically, if Ghana Gas were to expand, the central government should decide how it will proceed. Ghana Gas also needs to realize that its operations must also serve the loan of nearly one billion CBD contracted for the construction of the Atabo plant. This is supposed to be a stand-alone project to pay this loan through its operations. So, if the government is so convinced that it is an essential thing to do, then it must come in. "

Parliament is suspended, but the Mining and Energy Committee, which is responsible for overseeing the activities of Ghana Gas, has decided to go to the Atuabo gas treatment plant for keep abad of the operational status of the factory.

Although the committee expressed disappointment that Ghana Gas's General Manager was not present to answer their questions, the Director General of Ghana Gas Operations, Ing. Robert Lartey, who took the members of the committee to visit the facilities, said the company had achieved some success despite its modest start.

"We have laid a very good foundation for any industry interested in trading with Ghana Gas to easily provide a reliable supply of gas at all times. At this very moment, we have a pipeline connecting Abaodze to a free zone enclave in Ashiem in Shama District, called Wanka Ceramics, which is taking us from the poor gas. We also have Twyford that also takes gasoline. In the Prestea Corridor, we are undertaking a mbadive infrastructure expansion activity there and we hope that by June of this year, another private company will be ready to take gas for the production of electricity. "

Engineer Lartey told the committee that Ghana Gas was preparing everything in its power to receive and process more gas from the Aker Project by 2024.

"We are looking forward to developing the business of Atuabo's gas processing plant, which will grow from 150 to 220 million standard cubic feet of gas per day," he added.

George Mireku Duker, Vice-Chairman of the Committee on Mines and Energy, and Adams Mutawakilu, a prominent member of the Committee, expressed satisfaction with the progress made in the gas sector and the sector's expansion plan. Ghanaian gas.

With respect to operational health and safety, Ghana Gas reported that it has completed 16 million hours of work without any fatalities or accidents and should continue in this direction to ensure a steady supply of gas for private companies and the production of electricity.