GNPC working to reposition Ghana as energy hub

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Energy and peak power demand in Ghana is forecast to double between and Reforms and deregulation during the s to introduce and encourage competition have resulted in an energy market that is open to independent power producers IPPs.

Distribution is undergoing decentralisation designed to offer business and domestic consumers a choice. Deregulation and reforms of the policy framework radically restructured the power utility sector to facilitate greater efficiency and competition.

The roles and responsibilities of existing utilities were changed and new entities and regulators introduced to ensure the smooth gas and energy trading ltd ghana of the new market structure. The changes resulted in:. A key objective of the reforms was to encourage competition in what was previously a market supplied by state-run monopoly. The result is a wholesale power trading market, in which power companies such as Amandi Energy can compete. The next stage of the plan is to further decentralise the distribution market, which will introduce further competition.

Economic growth together with increasing rates of industrialisation and urbanisation have led to accelerated power demand in Ghana. Offshore oil and gas exploration and production and onshore processing will further speed up this rate of growth. Demand increases and annualised growth rates are shown in table below.

These figures also do not account for the developing upstream and downstream oil and gas sectors. Establishing and operating offshore and onshore production capabilities and downstream processing plants will increase energy and peak power demand significantly between and Power trading already takes place between Ghana and its neighbours.

This arrangement represents a further potential power market for IPPs. The thermal plants are located on or near the Atlantic Ocean coastline and fuel supplies. A sub-transmission network of A programme designed to increase capacity and gas and energy trading ltd ghana is underway to upgrade the existing network to gas and energy trading ltd ghana.

As it connects the supply and demand side of the power sector, GRIDCo coordinates electricity gas and energy trading ltd ghana and operates the national transmission network as an independent system operator ISO. It is responsible for the ongoing operation, reliability, upgrading and maintenance of the infrastructure.

Distribution is currently managed by two organisations: The Government, in collaboration with the Energy Commission and the Public Utilities Regulation Commission, is currently investigating how further competition can be introduced into distribution. The objective is to provide business and domestic consumers with a greater choice of energy supplier so that pricing and service levels remain competitive.

To find out more about Amandi Energy, please contact us. The changes resulted in: VRA focusing on power generation, retaining its Akosombo, Kpong, and Aboadze power generation assets GRIDCo being spun out of the VRA to have the sole responsibility for independently and impartially operating the transmission network NED and ECG continuing to focus exclusively on distribution The creation of the Public Utilities Regulation Commission PURCwhich sets energy prices rates and tariffsmonitors utility performance, promotes competition and focuses on balancing the interests of consumers and utilities The formation of the Energy Commission ECwhich awards utility operating licences and sets performance standards.

The structure of Ghana's energy market is shown below. Ghana power and energy demand Gas and energy trading ltd ghana growth rates Energy demand GWh 10, 19, 7.

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The Electricity Company of Ghana ECG has said it will release a document detailing in monetary terms, how much each electricity consumer is expected to get from the tariff reduction announced in March. The Institute of Energy Security IES , is calling for further probes into reports that many oil-funded projects in the three regions of the north are non-existent.

Steve Manteaw in a report disclosed that fifty percent of all oil-funded projects in three regions are nonexistent. Stringent measures introduced by the National Petroleum Authority NPA to curb smuggling of petroleum products have reduced the number of companies engaged in oil export business from 30 to three. An explosion at a Fieldwood Energy operated platform in the U. Gulf of Mexico killed one contractor and injured at least one another person Thursday. The West Africa Network for Peacebuilding WANEP is urging communities affected by mining to reject violence and do everything to use dialogue to address, whatever grievances, they have.

Ghana would once again play a pioneering role to be the leading West African country to switch from the predominance of thermal and conventional energy generation sources to the introduction of the production of electricity from renewable energy sources like wind energy. Nuclear energy has gone through a lot of ups and downs in the last decade. From a nuclear renaissance to the famous nuclear meltdown in Japan that led countries around the world to abandon nuclear energy altogether.

Prepaid metering or smart metering is the means of paying for electricity before its consumption. PURC to publish electricity usage in monetary terms The Electricity Company of Ghana ECG has said it will release a document detailing in monetary terms, how much each electricity consumer is expected to get from the tariff reduction announced in March.

Oil export companies reduce from 30 to 3 following NPA measures Stringent measures introduced by the National Petroleum Authority NPA to curb smuggling of petroleum products have reduced the number of companies engaged in oil export business from 30 to three. PURC to publish electricity usage in monetary terms.

GNPC schools Scottish trade delegation. Oil export companies reduce from 30 to 3 following NPA measures. More power to be generated …following rental agreement with TPL.

Ghana Energy Awards calls on Boakye Agyarko. Tullow expresses commitment to growing skills in oil and gas sector. We will not share your information with anyone! One dead in U. Gulf of Mexico platform explosion. WANEP urges calm in mining communities. The MW wind farm Ayitepa to be a game changer for Ghana. Energy of the Future or Decaying Remnant of the Past? Benefits and challenges of ECG prepaid metering. Designed by Elso Technology Ghana.