Ghana’s power transmission company, GRIDCo, has outlined several projects to upgrade its transmission line to improve power transmission and reliability.
Among three critical projects GRIDCo intends to execute to improve the power transmission network are 161kV Aboadze-Cape Coast-Winneba-Mallam Transmission Line, 161kV Mallam-Pokuase Transmission Line and 161kV middle corridor transmission line (Akosombo-Tafo-Nkawkaw- Konongo-Kumasi).
These projects are expected to cost the state power transmitter some US$274 million
Besides these projects, GRIDCo would also undertake three major projects namely the Ghana-Germany Compact, an improvement of the southwestern infrastructure and the construction of a Backup Control Centre.
The Chief Executive Officer of GRIDCo, Ing Ebenezer Kofi Essienyi, disclosed this at a press briefing in Accra on Monday, June 6, 2022.
Ing. Ebenezer Kofi Essienyi, CEO Of GRIDCo
According to him, this forms part of efforts by the government to ensure a robust grid system to meet the increasing energy demands of businesses and households in selected parts of the country.
“Two main energy sector projects are programmed for commencement this year as part of a broader plan to transform the sector. The projects are the Ghana-Germany Compact and the Western Corridor Transmission Lines Upgrade,” he said.
However, outlining GRIDCo’s plan for the energy sector, Ing. Essienyi said the two programmed upgrades would help improve Ghana’s electricity grid capacity and also ensure that the country produces energy for local consumption and export.
He said the projects, when completed, would contribute to reducing the frequency and duration of power outages in parts of the country.
Source: https://energynewsafrica.com
Ghana’s power transmission company, GRIDCo, has employed three female engineers who were part of the workforce that executed the US$50 million Kasoa Bulk Supply Points in the Central Region.
“I am happy to announce that three of the female engineers have been recruited to join GRIDCo effective June 1, 2022.
“We caught them young at this very substation,” Board Chair of GRIDCo, Ambassador Kabral Blay-Amihere said in a speech delivered at the commissioning of the Kasoa Bulk Supply Point.
According to him, the young females were made to go through “our due recruitment process.”
The move, according to GRIDCo, was to promote gender equality and Science Technology Engineering and Mathematics (STEM) education at the tertiary level.
Ambassador Kabral Blay-Amihere used the occasion to highlight some of the challenges confronting the power sector.
“GRIDCo and sister companies namely ECG, VRA and Bui Power Authority operate in a strategic sector with varied and complex challenges ranging from burdensome legacy debts to liquidity problems. And in the case of GRIDCo, legacy transmission lines dating to the 60s must be urgently reconstructed to meet the growing demand for reliable electricity supply throughout the length and breadth of the country,” he explained.
He said despite the many challenges, GRIDCo continues to work 24/7, travelling the valleys, mountains, bushes and forests where their towers and transmission lines traverse to wheel power to ECG, NEDCO and other customers in the chain.
“We fully recognise the importance of reliable electricity towards the nation’s industrialisation programme, particularly the 1D1F policy and are working strenuously to reinforce and reconstruct our transmission systems.
“GRIDCo, in the last five years, has repositioned itself towards playing its part in the development of Ghana,” Ambassador Kabral Blay-Amihere concluded.
Source: https://energynewsafrica.com
Diesel prices have gone up astronomically to almost Ghc13 per litre in the Republic of Ghana, West Africa.
As of Monday, Star Oil and Allied Oil were selling a litre of diesel at Gh¢12.58 (US$1.57)and Gh¢12.50 (US$1.56) per litre respectively.
The leading OMCs-Goil and Total are selling a litre of diesel at Gh¢12.20 and Ghs12.40 respectively while Shell is selling at Ghs12.20 per litre.
Although the price of gasoil(diesel) has been oscillating on the global market, the depreciation of the Ghanaian cedi against the major currencies has been pushing the price of diesel higher.
On May 17, 2022, the price of diesel on the global market was hovering around US$1,066.25 per metric tons, according to data by eng.kurzy.cz. However, it nose-dived to US$1038.13 per metric tons, the following day and moved upward consistently to US$1,263.50 per metric tons on May 31, 2022.
As of Thursday, June 2, 2022, diesel price was pegged at US$1,299.50
Both Star and Allied have adjusted petrol prices upward to Gh¢10.19 pesewas per litre.
It would be recalled that the Institute for Energy Policy (IES) had predicted between a five and nine per cent rise in the price of petrol in the first pricing window in June.
“On the back of the cedi’s depreciation and the 11.05 per cent jump in the price of gasoline on the international fuel market, gasoline in Ghana is set to sell above Gh¢10.00 per litre, which translates into Gh¢45 per gallon,” it said in a statement.
The energy think tank, however, noted that prices of gasoil (diesel) and LPG would somehow witness some form of stability.
“The 5.49 and 4.13 percentage drops in the prices of fossil and LPG respectively on the international market may not necessarily lead to a reduction at the local retail outlets as most marketers will look to maintain their prices to offset the losses from the depreciation of the cedi,” IES noted.
Source: https://energynewsafrica.com
Nigeria’s Ministry of Power has attributed power outages experienced in parts of the country to a partial shutdown of the Oben gas plant.
A statement issued by Malam Isa Sanusi, Special Aide to the Minister, explained that the shutdown of the Oben gas plant was to address the repair of critical gas equipment.
“The incidence, unfortunately, occurred at a time when other power plants on other gas sources are undergoing planned maintenance and capacity testing.
The Ministry said Seplat Energy Plc has mobilised equipment, material and personnel to the site to expedite the restoration of normal gas supply to the affected plants.
“We have been assured that the repair work would be concluded this weekend and normalcy will be restored,” the statement said.
The Ministry further assured Nigerians that efforts are being made for a sustained improvement of power supply across the country.
Source: https://energynewsafrica.com
British independent power producer (IPP) Savannah Energy has received approval from the Chadian authorities to build three renewable energy plants with a combined capacity of 500 MW.
The plants will supply power to three towns, as well as to oil facilities.
Chad’s installed electricity capacity is expected to increase over the next three years.
The UK-based independent power producer (IPP) has signed a related agreement with the Chadian Ministry of Petroleum and Energy.
The agreement covers the development of 500 MW of new installed capacity.
The largest will have a capacity of 300 MWp.
This solar photovoltaic plant will be located in Komé, a town in the Logone Oriental region.
The park will be equipped with an electricity storage system to reduce the impact of intermittency related to the production of solar photovoltaic energy.
The electricity produced will be used to power the Doba oil site, which currently relies on fuel oil.
The Komé solar power plant, which is expected to go into commercial operation in 2025, will be connected to Chad’s national electricity grid, providing clean electricity to the cities of Doba and Moundou.
“The expected tariff for electricity generated by this project is expected to be significantly lower than that paid for current hydrocarbon-based electricity generation in the region. At 300 MW, the Komé solar plant would be the largest solar project in sub-Saharan Africa (excluding South Africa) and would be the largest battery storage project in Africa,” Savannah Energy said..
The city of N’Djamena will be the main beneficiary of the Savannah Energy project.
The British IPP has also signed an agreement with the Chadian authorities for the construction of a solar photovoltaic plant with storage facilities, as well as a wind farm.
Each facility will have a capacity of 100 MW. The financing for the construction of these plants is expected to be completed between 2023 and 2024, with commissioning of the facilities between 2025 and 2026.
According to Savannah Energy, its investments will double the power generation capacity of the capital N’Djamena, and increase Chad’s total grid-connected power generation capacity by about 63%.
The central African country has an installed capacity of 314 MW according to Power Africa.
Source: https://energynewsafrica.com
The Millennium Challenge Corporation, United States Agency, has commended the Millennium Development Authority (MiDA) for the successful execution and completion of all the projects under the Ghana Power Compact II programme.
The successful completion of the MCC-Ghana Power Compact II programme brings in total over US$860Million investments in Ghanaian economy by United States Government through MCC’s compact programmes since 2012.
“In MCC’s global portfolio, the partnership with Ghana stands out as one of the few countries that has now completed two compacts amounting to nearly $860 million in grant dollars toward projects to boost inclusive economic growth.
“With the first $547 million compact in 2012, MCC and the Government of Ghana raised farmers’ incomes through private sector-led agribusiness development and major public works projects in Accra, notably the emblematic George W. Bush stretch of the N1 Highway. Today, these projects are benefiting 100,000s of Ghanaians (est. 1.2 million).The success of this first Compact has led us here today, to celebrate the unprecedented milestones of the second $316 million MCC-Ghana Power Compact,” Mahmoud Bah, Deputy CEO of Millennium Challenge Corporation (MCC) told section of Ghanaian journalists at a breakfast meeting in Accra, the capital of Ghana.
Explaining the impact the compact has made in the Ghana’s power sector, Mr. Mahmoud Bah said: “With the construction of two BSPs (the two largest of the country), two primary substations and other IT investments, the MCC-Ghana Power Compact has increased the transmission network capacity by 1,015 MVA representing roughly 10% of Ghana’s total transmission capacity and has successfully enhanced the country’s power sector.”
Ghana signed the Power Compact II in 2014 during the John Mahama administration.
The Power Compact II programme led to the implementation of comprehensive projects including construction of Pokuase and Kasoa Bulk Supply Points, University of Ghana Medical Centre (UGMC) Primary Substation and Ellen Moran Primary Substation in Kanda, IT Management systems at ECG, energy efficiency programs, capacity building and gender integration in the power sector.
Other projects executed under the Compact were the Air Conditioner and Refrigerator Test Laboratory at the Ghana Standards Authority (GSA), the first of its kind in West Africa to promote renewable energy sources and curtail the country’s use of low-quality, less energy-efficient equipment, installation of more than 14,000 new, energy efficient LED streetlights and new metered energy management systems, replacement of old, inefficient lighting and setting a new standard for energy savings, rewiring of some selected markets, internship program for more than 300 female students in the fields of science, technology, engineering and math (STEM) at leading energy sector institutions; and over 600 female STEM students participating in mentoring and training for professional growth and development.
The compact also helped the Electricity Company of Ghana (ECG) adopt a gender policy, action plan and new targets for greater female employee recruitment and promotion.
The compact officially ends on June 6, 2022
Source: https://energynewsafrica.com
Ghana’s largest independent power producer, Sunon Asogli Power Ghana, has donated assorted items to the Kpone Methodist School, where it operates.
The donation was to commemorate Children’s Day in China, where, Shenzhen Energy Group, the parent company of Sunon Asogli Power Ghana, is located.
Children’s Day is observed annually on the 1st of June to demonstrate to children that they are loved and cared for.
In a statement copied to energynewsafrica.com, it said: “In preparation for this day, Sunon Asogli Power employees set up a donation box where they could give from the bottom of their hearts.”
The statement said donations from the donation box were used to purchase school supplies while the company provided two table tennis boards, table tennis bats and balls, a projector, footballs, candies and a variety of snacks.
The General Manager of Sunon Asogli Power, Mr Jin Zhengyi, commented: “The donation was a small gesture to show the children that they are loved and will remain in everyone’s hearts.”
Continuing, he said: “We must all make a small effort to put a smile on each child’s face. We hope that our efforts here today will brighten the day of the children.”
The Headmistress of the Methodist School, Madam Juliana Sarpong-Asante, who received the donation on behalf of the school, expressed gratitude to the company for its generosity.
She was excited to teach the students table tennis, which can be an avenue for the students to gain scholarships.
Sunon Asogli Power employees promised to do more to show their love for the community.
Source: https://energynewsafrica.com
Nigeria’s Minister for Power, Engr Abubakar D. Aliyu, on Thursday, inaugurated the 14 member- governing board of the Transmission Company of Nigeria (TCN) with a call on them to work as a team while superintending over the affairs of the TCN.
The new Board is chaired by Mr Bukar Bulama Buni.
The rest are Engr Sule Abdulazeez, Managing Director, TCN; Appolonia Okigbo, representative of South-East; Ahmad Talba Imamuddeen, representative of North-East; Clement Omeizabaiye, representative of North-Central, and Muhammad A. Wazaram, representative of North-East.
Nigeria’s Minister for Power, Engr Abubakar D. Aliyu, on Thursday, inaugurated the 14 member- governing board of the Transmission Company of Nigeria (TCN) with a call on them to work as a team while superintending over the affairs of the TCN.
The new Board is chaired by Mr Bukar Bulama Buni.
The rest are Engr Sule Abdulazeez, Managing Director, TCN; Appolonia Okigbo, representative of South-East; Ahmad Talba Imamuddeen, representative of North-East; Clement Omeizabaiye, representative of North-Central, and Muhammad A. Wazaram, representative of North-East.
Other members of the Board are Abdul Karim Babatunde Disu, representative of South-West; Osagie Edible, representative of South-South; Gazalli M. Tukur, representative of North-West; Nsima Udo Ekere, representative of South-South; Ali Haruna, representative of North-West; The Director Transmission Services, Federal Ministry of Power Hajia Aisha Omar, representative Federal Ministry of Finance and the Director-General, Bureau of Public Enterprise.
Source: https://energynewsafrica.com
Nigeria’s Minister for Power, Engr Abubakar D. Aliyu, on Thursday, inaugurated the 14 member- governing board of the Transmission Company of Nigeria (TCN) with a call on them to work as a team while superintending over the affairs of the TCN.
The new Board is chaired by Mr Bukar Bulama Buni.
The rest are Engr Sule Abdulazeez, Managing Director, TCN; Appolonia Okigbo, representative of South-East; Ahmad Talba Imamuddeen, representative of North-East; Clement Omeizabaiye, representative of North-Central, and Muhammad A. Wazaram, representative of North-East.
Other members of the Board are Abdul Karim Babatunde Disu, representative of South-West; Osagie Edible, representative of South-South; Gazalli M. Tukur, representative of North-West; Nsima Udo Ekere, representative of South-South; Ali Haruna, representative of North-West; The Director Transmission Services, Federal Ministry of Power Hajia Aisha Omar, representative Federal Ministry of Finance and the Director-General, Bureau of Public Enterprise.
Source: https://energynewsafrica.com
Other members of the Board are Abdul Karim Babatunde Disu, representative of South-West; Osagie Edible, representative of South-South; Gazalli M. Tukur, representative of North-West; Nsima Udo Ekere, representative of South-South; Ali Haruna, representative of North-West; The Director Transmission Services, Federal Ministry of Power Hajia Aisha Omar, representative Federal Ministry of Finance and the Director-General, Bureau of Public Enterprise.
Source: https://energynewsafrica.com
Ghana’s largest independent power producer, Sunon Asogli Power Ghana, and its partner, China Energy Engineering Corporation Ltd, have been prequalified to carry out the construction works of the 350MW Limbé gas power plant and associated power lines in Cameroon.
The consortium was selected following the Restricted International Invitation to Tender launched by the West African nation’s Ministry of Water and Energy.
The results were made public on May 27. There were five which put in the bid for the project.
The call for tenders was launched on May 7, 2020, and the companies had August 10, 2020, as the deadline to submit their bids to the Ministry of Water and Energy (Minee).
After nearly two years of examination, only the offer proposed by Sunon Asogli and its partner was able to meet the expectations of the special commission for partnership contracts set up by the Ministry.
The evaluation was made based on the technical and financial qualifications of each offer.
According to a local report, out of 100 points, Sunon Asogli and CECL were able to pull off 81.7 per cent.
“The Minister invites the Managing Director of the group of companies Sunon Asogli Power (Ghana) Limited/China Energy Engineering Corporation Limited to get in touch with his Cabinet for the start of the pre-qualification dialogue. A consultation to angle on the technical means, as well as the legal and financial arrangement for the realisation of the studies, the construction and the exploitation. ”
However, in the event of non-agreement between the two parties, the invitation to tender may be cancelled and a new recruitment process would be initiated. In addition, said press release invites those companies that have not been selected to collect “within two weeks, their offers from the office of the Minister for Water and Energy, upon publication of this press release. After this period, offers not withdrawn will be destroyed.
The companies which were eliminated for “non-compliant’’ are the Folder Energy partners limited / China Machinery Engineering Corporation Limited group based in Douala in Cameroon, ACWA Power based in the United Arab Emirates, AKSA ENERJI Uretim AS based in Turkey and Power Construction Corporation of China Limited based in China.
Commenting on the development, Director of Sunon Asogli Power Ghana Limited, Togbe Afede XIV, who expressed gladness, said: “This is an exciting milestone in the pursuance of our Pan-African development agenda, and our desire to be part of the solution to electric power supply problems on the continent.”
Source: https://energynewsafrica.com
A research conducted by experts in the power sector has revealed why there has been a consistent lapses in electricity generation and distribution chain in Nigeria, despite various intervention programmes.
In the research detailing the challenges still plaguing Nigeria’s electricity distribution companies (DisCos), low system efficiencies or high Aggregate, Technical and Commercial, ATC&C, losses, ageing infrastructure, poor customer relationship management, and a history of less than cost-reflective tariffs were listed as major impediments to the sector.
The research conducted by Nextier, also highlights Nigeria’s electricity supply industry challenges to financing, noting that the capital structure of acquisition debt and expansion financing poses more challenge for infrastructure assets operated in a regulated utility.
Also itemized as hindrance, is the challenge of raising the required long-term patient capital aligned to the long-lived infrastructure assets.
“As a result, it has been a challenge for the companies to service debts, meet the necessary rehabilitation and expansion commitments, improve efficiencies, and simultaneously pay their upstream invoices to other market participants and administrative entities.
“In the context of the Nigerian market, the Multi-Year Tariff Order (MYTO), a methodology for regulating prices and rewarding the performance of industry operators, forms the basis of electricity tariffs. The MYTO allows for bi-annual minor reviews to account for changes in the parameters that influence tariffs, such as available power generation, inflation, exchange rates and gas prices.
“These minor reviews provide a 6-month generation forecast. However, factors such as gas availability, water management and transmission infrastructure capabilities also constrain actual generation,”the Nextier paper report asserted.
It noted that due to these interdependencies within the sector, the DisCos lack complete control of all the factors that impact their operational excellence. Insisting that from a DisCo perspective, some of the upstream expenses are not incurred due to the unavailability of energy supply, system constraints still result in lost revenue and profits.
“A holistic approach to solving the issues in the sector is required if the NESI is to achieve its potential. Furthermore, solving the problems faced by the DisCos would help facilitate a more competitive electricity market, “the report stressed.
Source: independent.ng
Tullow Oil will acquire Capricorn Energy in an all-stock deal worth 656.9 million pounds ($826.7 million), keeping a focus on African reserves amid soaring energy prices.
Investors in Capricorn, formerly known as Cairn Energy, will receive 3.8068 Tullow shares for each share they hold, the companies said on Wednesday.
“The combination represents a unique opportunity to create a leading African energy company, listed in London, with the financial flexibility and human resource capability to access and accelerate near-term organic growth,” the companies said.
The Russia-Ukraine war has sent crude oil and gas prices higher as sanctions on Moscow squeeze supplies.
The combined group, to be led by Tullow boss Rahul Dhir and majority-owned by the West Africa-focused firm, is expected to have an output of 96,000 barrels of oil equivalent per day, with pro forma reserves of 343 million barrels of oil equivalent.
Tullow’s flagship offshore oilfields in Ghana will make up the biggest share of the new group’s reserves and production, three- quarters of which will be oil and one-quarter gas.
The larger company, which is expected to have a new name, will have production across Africa, including Egypt, Gabon, and Ivory Coast.
The merger will offer annual savings of $50 million and investors in the new group will get an annual dividend of $60 million, ending a payout drought for Tullow shareholders.
Shares in Tullow, which last closed at a price of 54.60 pence each, reversed initial losses to trade about 0.6% higher by 0759 GMT. Capricorn Energy shares were up 0.7%. The wider oil and gas index fell 0.6%.
Morgan Stanley and Rothschild & Co were Capricorn’s financial advisers, while PJT Partners and Barclays advised Tullow. The boards of both energy companies backed the deal.
Separately, energy services provider Wood Plc WG.L agreed to sell its consulting unit for $1.9 billion.
The new windfall tax on profits of oil and gas companies in the UK is expected to cost the medium-sized North Sea-focused companies a total of $3.3 billion through 2025, according to investment bank Jefferies.
Following months of rumors and indecision, the UK government announced last week a 25 % Energy Profits Levy, commonly referred to as a “windfall tax”, as part of a package to ease the cost-of-living crisis stemming from huge rises in household energy bills.
The move has long been opposed by the industry, which argued that a windfall tax would add uncertainty to the UK tax regime and hit new investments in the UK North Sea at a time when the UK grapples with reducing reliance on foreign imports of oil and gas.
Harbour Energy, Serica Energy, and EnQuest—all listed UK oil and gas producers—will see $3.3 billion going to the energy profit levy by 2025, when the tax is set to expire, analysts at Jefferies say, as carried by Bloomberg.
However, the analysts kept their “buy” ratings on the companies, expecting the high oil and gas prices to still help them generate higher profits this year.
The windfall tax legislation also contains a so-called investment allowance, under which operators developing new fields or improving existing facilities could claim huge additional reliefs against the new tax, Wood Mackenzie said.
“The move is unlikely to render new or existing projects uneconomic and it could even accelerate ‘ready to go’ developments, such as Rosebank and Cambo. Moving those forward to a final investment decision has been incentivized,” Neivan Boroujerdi, Research Director, North Sea upstream, at WoodMac said.
The high profits from the high prices and the diversification of most operators will limit the impact of the windfall tax, Fitch Ratings said earlier this week. Ithaca Energy will be the most affected as all its operations are in the North Sea, Harbour Energy is most affected among the medium-sized companies, while the “impact of the levy on oil and gas majors will be minimal due to their highly diversified operations, income streams coming from various sectors other than oil and gas extraction and strong credit metrics,” Fitch said.
The majors have already voiced concerns over the new tax.
BP said it would review plans for $22.7 billion (18 billion pounds) investments in the UK energy system—investments that include low-carbon projects as well.
Shell said, “in its current form the levy creates uncertainty about the investment climate for North Sea oil and gas for the coming years.”
Source: Oilprice.com
The Vice President of the Republic of Ghana, His Excellency Dr. Mahamudu Bawumia has commissioned the West African nation’s second-largest Bulk Supply Point (BSP) in Kasoa (BSP) in the East Awutu-Senya Municipality of the Central Region.
The Kasoa BSP is the second-largest Bulk Supply Point after the Pokuase Bulk Supply Point in the Greater Accra Region.
It was funded by the Millennium Challenge Corporation (MCC), a United States Agency, at the cost of US$50 million.
The project was executed by the Millennium Development Authority (MiDA), the entity implementing the Ghana Power Compact II with Siemens Energy SAS as a contractor.
It will ensure improved and reliable power supply to residents and businesses in Kasoa, as well as Winneba and nearby communities.
Speaking at the commissioning of the 435 Mega Volts Amps (MVA) Gas Insulated Switchgear (GIS) substation, Vice President Dr. Bawumia said the project, which started two and a half years ago, would significantly improve power supply in the fast-growing and rapidly industrialising Kasoa community and beyond.
“This strategic investment will also contribute to the reduction in technical losses, improve power quality and also resolve issues related to the quantum of unserved energy, thereby, improving the operational efficiency and finances of ECG and GRIDCo,” Dr. Bawumia added.
The Vice President noted that the Kasoa Bulk Supply Point, which is the second of two programmes under the US Government’s Millennium Challenge Account agreement with Ghana, has, together with the other programme, added to the wealth of Ghana.
“From the Agricultural Transformation Compact in 2007-2012 and to the Power Compact, from 2017 to date, Ghana’s Compact Programmes have benefited from some US$863 million grant funds that have supported investments in vital projects and aided players in our local supply chains,” Dr. Bawumia said.
“These interventions, funded by the Government and People of the United States of America, have resolved some binding constraints in two vital sectors of our economy, and have left excellent benchmarks in Development Programme Management that are worthy of emulation; in particular the use of donor funds to complete projects on time and within budget.”
The Vice President conveyed Ghana’s sincerest appreciation to the Government of the United States of America for its support and cooperation.
On the state of power supply in the country, Dr. Bawumia said the government of the NPP has invested significantly to improve the erratic power supply the government inherited.
“As we inaugurate a significant piece of power infrastructure like this substation today, it is worth noting that lots of resources have also gone into Ghana’s Energy sector since our government came into Office in 2017. This is evidenced by the fact that the phenomenon of erratic power supply has eased, and the availability of good quality power has improved, enabling businesses to gradually increase production and enhance productivity.”
The inauguration of the Kasoa Bulk Power Supply brings to an end Ghana’s second programme under the Millennium Challenge Account agreements.
Ghana remains one of the only a few countries to complete two programmes under the MCA, and Dr Bawumia, who was involved in both agreements, made a call to the United States for a third Compact Agreement.
“As the Compact draws to a close, let me emphasise that the bond between Ghana and the United States of America will continue to strengthen, enabling the realisation of our shared values, which focus on sustainable economic growth, job creation and poverty reduction.
“We eagerly look forward to Ghana’s nomination for yet another Millennium Challenge Compact Programme.
“I was intimately involved in the first Compact, I was intimately involved in the 2nd Compact and I hope to be intimately involved in the 3rd Compact.”
The Board Chairperson of MiDA, Prof Ntiamoa-Baidu, who commended all the stakeholders for contributing to the successful completion and handling of the project, was hopeful that the project would support the development of the power sector, boost private sector investments, improve productivity and raise the earning potential from self-employment, for men and women in the coverage area.
Board Chairman of Ghana Grid Company (GRIDCo), Ambassador Kabral Blay-Amihere, said despite some challenges faced in the energy sector, GRIDCo has worked to improve power transmission to ECG.
On his part, the Managing Director of ECG, Samuel Dubik Masubir Mahama, praised the USA Government and MiDA for the project, noting that it would improve power reliability to ECG customers.
Source: https://energynewsafrica.com
The Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, has been honoured with the ‘Outstanding Public Sector Leader’ Award for the year 2021 at the Ghana CEO Excellence Awards held at the plush Kempinski Hotel in Accra.
He was awarded for his Sterling Leadership, Achievement, Business Excellence and Professionalism over the last decade in the public sector of Ghana’s economy.
The citation in conferring the award said: “He has demonstrated being a model of business excellence leadership, vision, demonstrates a high standard of ethical practices, professionalism, investment, job creation in Ghana and positive impact to the business community over a year.”
Other award winners were Kwame Osei Prempeh, CEO of GOIL, who won the CEO of the Year in the petroleum downstream sector; Selorm Adadevoh; CEO of MTN, who was rewarded the CEO of the Year in the telecommunication category; John Kofi Adomakoh, Managing Director of GCB Bank, who won the CEO of the Year, banking; Emmanuel Antwi-Darkwa, CEO of Volta River Authority, who received the CEO of the Year award in the energy and power sector; Stefano Gallini, MD of GHACEM, who won the CEO of the Year in the manufacturing cement category; and Saiid Masri, CEO of Compu Ghana, who received the CEO of the Year award in the electronics and retail category.
Norkor Duah, CEO of Mullenlowe; Ishmael Yamson, Chairman of Ishmael Yamson and Associates; Dr. K.K Sarpong, former CEO of GNPC and Esther Cobbah, CEO of Stractcom Africa received the Hall of Fame award.
Others were Ernestina Abeh, CEO of Enterprise Insurance, who won the CEO of the Year in the general insurance category; Dr David Ofosu Dorte, Chairman of AB & David Africa, who won the CEO of the Year award in the law practice sector; Daniel Kojo Owusu, Country Manager of Deloitte Ghana, who received the CEO of the Year award in the consulting sector; Dr Daniel McKorley; CEO of McDan, who received the CEO of the Year award in the shipping sector and Amar Dee S. Hari, CEO of IMPC, who won the CEO of the year in the technology/ICT space.
The 6th Ghana CEO Summit theme was: ‘Digital leadership for the digital economy: leading digital business and government transformation. A private-public sector CEO dialogue and learning’.Source: https://energynewsafrica.com
The Power Compact II programme led to the implementation of comprehensive projects including construction of Pokuase and Kasoa Bulk Supply Points, University of Ghana Medical Centre (UGMC) Primary Substation and Ellen Moran Primary Substation in Kanda, IT Management systems at ECG, energy efficiency programs, capacity building and gender integration in the power sector.
Other projects executed under the Compact were the Air Conditioner and Refrigerator Test Laboratory at the Ghana Standards Authority (GSA), the first of its kind in West Africa to promote renewable energy sources and curtail the country’s use of low-quality, less energy-efficient equipment, installation of more than 14,000 new, energy efficient LED streetlights and new metered energy management systems, replacement of old, inefficient lighting and setting a new standard for energy savings, rewiring of some selected markets, internship program for more than 300 female students in the fields of science, technology, engineering and math (STEM) at leading energy sector institutions; and over 600 female STEM students participating in mentoring and training for professional growth and development.
The compact also helped the Electricity Company of Ghana (ECG) adopt a gender policy, action plan and new targets for greater female employee recruitment and promotion.
The compact officially ends on June 6, 2022
Source: https://energynewsafrica.com 
Source: https://energynewsafrica.com 
Nigeria’s Minister for Power, Engr Abubakar D. Aliyu, on Thursday, inaugurated the 14 member- governing board of the Transmission Company of Nigeria (TCN) with a call on them to work as a team while superintending over the affairs of the TCN.
The new Board is chaired by Mr Bukar Bulama Buni.
The rest are Engr Sule Abdulazeez, Managing Director, TCN; Appolonia Okigbo, representative of South-East; Ahmad Talba Imamuddeen, representative of North-East; Clement Omeizabaiye, representative of North-Central, and Muhammad A. Wazaram, representative of North-East.
Other members of the Board are Abdul Karim Babatunde Disu, representative of South-West; Osagie Edible, representative of South-South; Gazalli M. Tukur, representative of North-West; Nsima Udo Ekere, representative of South-South; Ali Haruna, representative of North-West; The Director Transmission Services, Federal Ministry of Power Hajia Aisha Omar, representative Federal Ministry of Finance and the Director-General, Bureau of Public Enterprise.
Source: https://energynewsafrica.com
Nigeria’s Minister for Power, Engr Abubakar D. Aliyu, on Thursday, inaugurated the 14 member- governing board of the Transmission Company of Nigeria (TCN) with a call on them to work as a team while superintending over the affairs of the TCN.
The new Board is chaired by Mr Bukar Bulama Buni.
The rest are Engr Sule Abdulazeez, Managing Director, TCN; Appolonia Okigbo, representative of South-East; Ahmad Talba Imamuddeen, representative of North-East; Clement Omeizabaiye, representative of North-Central, and Muhammad A. Wazaram, representative of North-East.
Other members of the Board are Abdul Karim Babatunde Disu, representative of South-West; Osagie Edible, representative of South-South; Gazalli M. Tukur, representative of North-West; Nsima Udo Ekere, representative of South-South; Ali Haruna, representative of North-West; The Director Transmission Services, Federal Ministry of Power Hajia Aisha Omar, representative Federal Ministry of Finance and the Director-General, Bureau of Public Enterprise.
Source: https://energynewsafrica.com
Other members of the Board are Abdul Karim Babatunde Disu, representative of South-West; Osagie Edible, representative of South-South; Gazalli M. Tukur, representative of North-West; Nsima Udo Ekere, representative of South-South; Ali Haruna, representative of North-West; The Director Transmission Services, Federal Ministry of Power Hajia Aisha Omar, representative Federal Ministry of Finance and the Director-General, Bureau of Public Enterprise.
Source: https://energynewsafrica.com 
The Vice President conveyed Ghana’s sincerest appreciation to the Government of the United States of America for its support and cooperation.
On the state of power supply in the country, Dr. Bawumia said the government of the NPP has invested significantly to improve the erratic power supply the government inherited.
“As we inaugurate a significant piece of power infrastructure like this substation today, it is worth noting that lots of resources have also gone into Ghana’s Energy sector since our government came into Office in 2017. This is evidenced by the fact that the phenomenon of erratic power supply has eased, and the availability of good quality power has improved, enabling businesses to gradually increase production and enhance productivity.”
The inauguration of the Kasoa Bulk Power Supply brings to an end Ghana’s second programme under the Millennium Challenge Account agreements.
Ghana remains one of the only a few countries to complete two programmes under the MCA, and Dr Bawumia, who was involved in both agreements, made a call to the United States for a third Compact Agreement.
“As the Compact draws to a close, let me emphasise that the bond between Ghana and the United States of America will continue to strengthen, enabling the realisation of our shared values, which focus on sustainable economic growth, job creation and poverty reduction.
“We eagerly look forward to Ghana’s nomination for yet another Millennium Challenge Compact Programme.
“I was intimately involved in the first Compact, I was intimately involved in the 2nd Compact and I hope to be intimately involved in the 3rd Compact.”
The Board Chairperson of MiDA, Prof Ntiamoa-Baidu, who commended all the stakeholders for contributing to the successful completion and handling of the project, was hopeful that the project would support the development of the power sector, boost private sector investments, improve productivity and raise the earning potential from self-employment, for men and women in the coverage area.
Board Chairman of Ghana Grid Company (GRIDCo), Ambassador Kabral Blay-Amihere, said despite some challenges faced in the energy sector, GRIDCo has worked to improve power transmission to ECG.
On his part, the Managing Director of ECG, Samuel Dubik Masubir Mahama, praised the USA Government and MiDA for the project, noting that it would improve power reliability to ECG customers.
Source: https://energynewsafrica.com 
The citation in conferring the award said: “He has demonstrated being a model of business excellence leadership, vision, demonstrates a high standard of ethical practices, professionalism, investment, job creation in Ghana and positive impact to the business community over a year.”
Other award winners were Kwame Osei Prempeh, CEO of GOIL, who won the CEO of the Year in the petroleum downstream sector; Selorm Adadevoh; CEO of MTN, who was rewarded the CEO of the Year in the telecommunication category; John Kofi Adomakoh, Managing Director of GCB Bank, who won the CEO of the Year, banking; Emmanuel Antwi-Darkwa, CEO of Volta River Authority, who received the CEO of the Year award in the energy and power sector; Stefano Gallini, MD of GHACEM, who won the CEO of the Year in the manufacturing cement category; and Saiid Masri, CEO of Compu Ghana, who received the CEO of the Year award in the electronics and retail category.
Norkor Duah, CEO of Mullenlowe; Ishmael Yamson, Chairman of Ishmael Yamson and Associates; Dr. K.K Sarpong, former CEO of GNPC and Esther Cobbah, CEO of Stractcom Africa received the Hall of Fame award.
Others were Ernestina Abeh, CEO of Enterprise Insurance, who won the CEO of the Year in the general insurance category; Dr David Ofosu Dorte, Chairman of AB & David Africa, who won the CEO of the Year award in the law practice sector; Daniel Kojo Owusu, Country Manager of Deloitte Ghana, who received the CEO of the Year award in the consulting sector; Dr Daniel McKorley; CEO of McDan, who received the CEO of the Year award in the shipping sector and Amar Dee S. Hari, CEO of IMPC, who won the CEO of the year in the technology/ICT space.
The 6th Ghana CEO Summit theme was: ‘Digital leadership for the digital economy: leading digital business and government transformation. A private-public sector CEO dialogue and learning’.
Source: https://energynewsafrica.com