The Ghana National Gas Company project is set for commissioning in August and is expected to be completed by September after the company failed to meet its completion schedule on April this year.
This was revealed by the Energy Minister Emmanuel Kofi Buah who also commented that the future of electricity will be thermal generation.
According to the Director of projects at the Ghana National Gas Company (GNGC) Ben Asante, the project is at 99.78% completion. The vice-president of GNGC Paa Kwesi Bekoe Amissah Arthur attributed delays and postponements to engineers having to run 1,200 tests and follow-up adjustments. This was during his visit to the working site on Wednesday last week. Seven years ago, the GNGC discovered oil and gas reserves of about 120 million cubic feet of gas estimated to produce 400MW of power and save the state from losing about US$500m a year, as well as reduce the tariffs rates.
However, Dr Ben Asante confirmed that some of the products yet to be expected from the Ghana Gas outfit are lean gas, LPGs, Pentanes and condensates, which will be looked upon in meeting the 76% of the country’s gas and energy needs as the Western Corridor Gas Infrastructure (WCGI) Project is expected to sustain the supply of fertilizers (ammonia and urea), and commence industrialization in the salt industry, alumina, petro-chemicals such as plastics, and methanol.
The company’s readiness to take off the project also depends on a few external factors that include the readiness of its partners such as Tullow and the Volta River Authority.
The Ghana National Gas Company was incorporated in July 2011 with the responsibility to build, own and operate infrastructure required for the gathering, processing, transporting and marketing of natural gas resources in the country. The company also has the responsibilities on business models which primarily obtain revenue through processing, transportation, the sale of Natural Gas, and NGLs.