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India Vows To Keep Buying Russian Crude Oil
India will continue buying crude from Russia as it looks to cater to its interests, Indian Finance Minister Nirmala Sitharaman said on Friday, amid U.S. pressure over India’s Russian crude purchases.
“Where we buy our oil from, especially a big-ticket foreign exchange item where we pay so much, highest in terms of import, we will have to take a call on what suits us best,” Sitharaman told the News18 television channel on Friday. “We will undoubtedly be buying.” India looks at the economics of its oil imports and will keep buying Russian oil as long as it’s economically justified, various Indian officials have said in recent weeks, defying U.S. pressure. Earlier this week, Indian Oil Minister Indian Hardeep Singh Puri said that India is not profiteering from importing Russian crude, it actually helps keep global oil prices in check. “India’s adherence to all international norms prevented a catastrophic $200 per barrel shock,” Puri wrote in a column in The Hindu newspaper on Monday. “Some critics allege that India has become a ‘laundromat’ for Russian oil. Nothing could be further from the truth,” the minister said. Peter Navarro, the White House senior counselor for trade and manufacturing, told Fox News’ Sunday Morning Futures that India is “nothing but a laundromat for the Kremlin”, referring to New Delhi importing cheap Russian oil and selling the refined fuels at higher prices in Europe and Asia. India hasn’t broken any rules on Russian oil, the Indian minister said, adding that it has “stabilized markets and kept global prices from spiraling.” The heated remarks over India’s role in Russian oil trade came as Indian Prime Minister Narendra Modi was meeting early this week with China’s President Xi Jinping and Russian President Vladimir Putin at a security summit in China. Meanwhile, India’s refiners are expected to import more Russian crude in September compared to August levels as discounts are deepening amid Russia’s constrained refining capacity due to Ukrainian drone strikes, traders told Reuters last week. Source: Oilprice.comTullow Oil Plc Appoints Ian Perks As New CEO
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Understanding Consumer Energy Service Rates And Managing Energy Waste In Ghana
- Bulk Generation Charge (BGC) is the weighted average cost at which distribution companies purchase electricity from generation sources like the Volta River Authority (VRA) and Independent Power Producers (IPPs). This charge reflects the fuel costs, generation mix (hydro, thermal), and operational costs of power plants.
- Transmission Service Charges (TSC) is divided into TSC 1 (cost of transmission network operations) and TSC 2 (recovery of transmission losses). The Ghana Grid Company (GRIDCo) recovers its costs through these charges, comprising about 6% of the total end-user tariff.
- Distribution Service Charges (DSC) is the costs associated with distributing electricity from bulk suppliers to end consumers, including operational expenses and infrastructure maintenance for distribution companies. Beyond energy consumption charges, customers pay distribution service charges:
- DSC 1: 19.11 GHp per kWh
- DSC 2: 39.72 GHp per kWh
- Rate: 77.63 Ghana Pesewas (GHp) per kWh
- Service charge: 213.00 GHp per month
- 0-300 kWh: 175.87 GHp per kWh
- Above 301 kWh: 232.39 GHp per kWh
- Service charge: 1,073.09 GHp per month for higher consumption levels
- 0-300 kWh: 158.79 GHp per kWh
- Above 301 kWh: 197.33 GHp per kWh
- Service charge: 1,241.82 GHp per month
- Energy charge: 236.98 GHp per kWh
- Service charge: 50,000.00 GHp per month
- Energy charge: 189.16 GHp per kWh
- Service charge: 50,000.00 GHp per month
- Energy charge: 123.42 GHp per kWh
- Service charge: 50,000.00 GHp per month
- Energy charge: 495.93 GHp per kWh
- Service charge: 50,000.00 GHp per month
- Meter reading and maintenance
- Customer service operations
- Billing and administrative costs
- Grid connection maintenance
- Automatic Adjustment Formula (AAF) is a quarterly tariff adjustment mechanism considering
- Ghana Cedi to US Dollar exchange rate
- Inflation and consumer price index
- Fuel costs for thermal generation (natural gas, heavy fuel oil, diesel)
- Hydro-thermal generation mix
- Demand forecasts
- Consumer-Level Interventions
- Energy Audit and Monitoring: Consumers can significantly reduce wastage through systematic energy auditing, identifying high-consumption appliances and optimizing usage patterns. Simple monitoring tools and smart meters enable real-time consumption tracking.
- Appliance Replacement and Upgrading: Replacing older, inefficient appliances with star- rated alternatives delivers immediate consumption reductions. Ghana’s labeling system provides clear guidance for consumers seeking efficient options.

- Behavioral Modifications: Simple behavioral changes such as adjusting air conditioning temperatures, optimizing lighting usage, and properly maintaining appliances can reduce household electricity consumption by 10-20%.

- Passive Cooling Design: Promoting building designs that minimize air conditioning requirements through natural ventilation, appropriate orientation, and thermal mass optimization.
- Public Building Efficiency: Targeting hotels, shopping malls, and government buildings for comprehensive efficiency retrofits, creating demonstration effects for private sector adoption.
- Green Building Standards: Developing mandatory or incentivized green building codes that require minimum efficiency performance for new construction.
- Demand-Side Management: Implementing time-of-use pricing and demand response programs that shift consumption away from peak periods, reducing system stress and improving overall efficiency.
- Industrial Motor Efficiency: Focusing on electric motor efficiency in industrial applications, where motors typically account for 60-70% of industrial electricity consumption.
- Energy Management Systems: Encouraging adoption of comprehensive energy management systems in commercial and industrial facilities.
Ghana: GRIDCo 2024/25 NSS Personnel Donate GHS 280,000 In Medical Equipment To Tema General Hospital
The donation is aimed at enhancing patient care, improving the working environment for healthcare providers, and strengthening the hospital’s overall capacity to serve the community.
Receiving the items, Dr. Ralph Armah, Director of the Tema General Hospital, commended the 2024/2025 GRIDCo National Service Personnel and Management of GRIDCo for the donation of the medical equipment, emphasising the critical role the equipment would play in improving healthcare delivery at the hospital.
He was optimistic that the equipment would ease the pressure on doctors and nurses at the hospital.
The Administrator of the Tema General Hospital, Dr. Samuel Obeng-Mensah, who also praised the gesture by the National Service Personnel, called on government and the private sector to invest in healthcare to save the nation from the situation where people fly outside to seek medical care.
Miss Keziah Ewurama Nuamah Nyarko, President of GRIDCo’s NSPs, stated: “This project reflects GRIDCo’s support in communities where it operates. We the NSPs are proud to contribute to saving lives and improving the conditions of the Tema General Hospital with our widow’s mite.”
Speaking on behalf of the Management and staff of GRIDCo, Mr. Isaac Issahaku Mumuni, Director, Human Resources, noted that: “I commend our NSPs for showing that service is not just about fulfilling a duty, but about leaving a lasting impact. Their passion and effort are demonstrated in the execution of a health initiative which positively impacts lives. I appreciate the Management of the Tema General Hospital for giving the NSPs a chance to support the hospital.”
He reiterated GRIDCo’s commitment to delivering Ghana’s power transmission needs while actively supporting the communities it serves.
Source: https://energynewsafrica.com 

