The Ghana National Petroleum Corporation (GNPC) said it has engaged the Tema Traditional Council on the proposed Tema City Gate Project as Ghana seeks to strengthen its natural gas infrastructure to support industrial growth and enhance long-term energy security.
The state-owned oil company said a delegation from GNPC recently met with the Tema Traditional Council to discuss the project, which is intended to improve the country’s natural gas transmission and distribution network.
Once completed, the Tema City Gate Project is expected to improve the reliability and efficiency of gas supplies to industries and other consumers, supporting economic growth and strengthening Ghana’s energy security, the company said.
GNPC said the engagement provided an opportunity to explain the strategic importance of the project and reaffirm its commitment to developing the project in consultation with host communities.
Social Performance Manager Patience Lartey said the meeting marked an important step toward building the trust needed to support the successful implementation of the project.
“We recognise that the successful implementation of a project goes beyond engineering and construction. Our engagement with the Traditional Council is intended to discuss the proposed project, better understand the community’s perspectives and explore opportunities for continued collaboration throughout its lifecycle,” Lartey said.
She added that stakeholder engagement remains central to the company’s approach to delivering projects that support national development priorities while addressing local community needs.
GNPC said the engagement forms part of its broader efforts to collaborate with stakeholders as it expands energy infrastructure and develops Ghana’s petroleum resources.
Africa-focused independent oil and gas producer, Tullow Oil Plc said it is progressing a rig contract for a new offshore drilling campaign in Ghana that could include up to 10 wells starting in the second half of 2027, as the company seeks to expand production from its Jubilee and TEN fields.
The London-listed oil producer said the proposed 2027-28 drilling programme, known as Campaign 2, will be supported by high-quality subsurface data from recently acquired 4D seismic and Ocean Bottom Node surveys, which have improved well targeting during the current drilling campaign.
Tullow said three production wells brought onstream under its ongoing 2025-26 drilling programme have delivered output in line with or above expectations. A final well, the J73-WI water injector, is scheduled to come onstream in September.
The company said it is also advancing a pipeline of near-term projects aimed at converting additional resources into reserves. These include subsea pumps, further drilling under a planned Campaign 3, gas monetisation projects and well intervention activities at the Jubilee and TEN fields.
Tullow said interpretation of the 4D seismic data has provided new reservoir insights that improved target selection and contributed to stronger production performance.
Chief Executive Ian Perks said the company’s operational progress positions it to continue executing its strategy and creating value for stakeholders.
Tullow expects group working-interest production to finish 2026 at the upper end of its guidance range of 34,000 to 42,000 barrels of oil equivalent per day (boepd), supported by continued high asset reliability across its offshore Ghana operations.
VAALCO Energy said it has successfully drilled, completed and brought the ETBNM-3 gas supply well into production in the crestal portion of the North Tchibala structure, targeting the Dentale D-15 reservoir.
In an operational update, the company said it is evaluating the potential of shallower hydrocarbon-bearing intervals encountered in the Dentale D-9 and D-12 reservoirs, which appear to contain wet gas and light oil.
VAALCO said the drilling rig was moved on July 27 to a new slot on the SEENT platform to drill the ETSEM-3PH pilot hole and development well.
The company said the pilot well is designed to test the original field oil-water contact and evaluate the potential of the underlying Dentale formation. The well is planned to have a 300-metre completion interval within the Gamba sands.
Chief Executive Officer George Maxwell said the new gas well is not expected to increase production or sales directly but should reduce fuel costs by replacing higher-priced diesel used in field operations.
“The newly successful gas well won’t add production or sales directly but will reduce costs associated with using higher-priced diesel. This should improve field uptime and could support higher production from existing wells over time,” Maxwell said.
He added that the company remains focused on growing production, reserves and shareholder value.
Brazil’s state-controlled oil company Petrobras said it had discovered natural gas at the Sandia-1 exploratory well in the offshore GUA-OFF-0 block in deep waters off Colombia.
The Sandia-1 well is located about 42 km (26 miles) from the Colombian coast in waters 1,251 metres (4,104 feet) deep.
It lies 18 km from the Sirius-1 discovery and Sirius-2 appraisal wells, and 9 km from the Copoazu-1 discovery well.
Petrobras said drilling at the well began on June 12, 2026, and reached its target depth on July 29, 2026.
The company said gas-bearing intervals identified during drilling are being evaluated through well logging, with laboratory analysis to follow in order to determine the reservoir’s characteristics.
The discovery forms part of Petrobras’ strategy to replenish its oil and gas reserves by exploring new frontier areas and developing partnerships, the company said.
Petrobras, through its subsidiary Petrobras International Braspetro B.V. – Colombia Branch (PIB-COL), operates the GUA-OFF-0 consortium with a 44.44% stake. Colombia’s Ecopetrol holds the remaining 55.56% interest.
Ghana’s main opposition party, the New Patriotic Party (NPP), has questioned the fiscal basis of President John Dramani Mahama’s temporary GH¢2-per-litre diesel price reduction, describing it as an unsustainable and unbudgeted political intervention.
“Even if the full GH¢2.00 reduction is passed through at the pump, diesel would still be about 11.4% above its January 2025 level. So let us be accurate about what the intervention is. It cushions part of the increase that has already happened,” the NPP said.
The Minority said the relief, which took effect on Tuesday, Aug. 4, is only a short-term measure that does not address Ghana’s deeper energy sector challenges.
Speaking at a press briefing in Parliament on Wednesday, George Kwame Aboagye, Ranking Member of Parliament’s Energy Committee, and Kojo Oppong Nkrumah, Chairman of the NPP Policy Coordination Committee, called on the government to explain how the intervention is being financed.
“We therefore put the following questions to the government. First, which specific margins, levies or taxes are being reduced to finance the GH¢2.00 diesel relief, and what is the total revenue loss?” the opposition said.
The NPP argued that the government must disclose which margins, levies or downstream taxes are being reduced to absorb the price cut and estimate the total revenue forgone during the one-month intervention.
The party said diesel prices, which stood at about GH¢15.49 per litre in January 2025, remain elevated despite the concession, with pump prices still around GH¢19.26 per litre. It also cited the passage of the Energy Sector Levies (Amendment) Bill, 2026, by Parliament on July 31, saying higher fuel-related charges could offset the benefit of the diesel relief.
The Minority also referred to the World Bank’s downgrade of Ghana’s energy sector recovery programme, saying it reflected rising sector debt, weak tariff structures and unpredictable regulatory interventions.
It argued that the temporary diesel price cut, if not properly budgeted, could worsen the fiscal pressures facing the energy sector.
The NPP also opposed the Public Utilities Regulatory Commission’s recent 2.45% electricity tariff increase, saying utility costs should not be rising while international fuel input prices have eased.
The party called for a transparent mechanism to ensure the diesel price reduction leads to lower transport fares and reduced prices of goods and services.
It also called for monthly audits of energy sector revenue collections and stronger parliamentary oversight to help improve fiscal discipline and stability in the sector.
Africa-focused independent oil and gas producer Tullow Oil Plc has raised its 2026 free cash flow guidance after stronger-than-expected production from its offshore Ghana fields and higher realised oil prices boosted first-half performance.
The London-listed company said group working interest production averaged about 43,700 barrels of oil equivalent per day (boepd) in the first six months of 2026, including around 7,500 boepd of gas.
Gross production from the Jubilee field averaged about 70,800 barrels of oil per day, while output from the TEN field averaged about 14,800 barrels per day, both exceeding the company’s expectations.
Tullow said three new production wells brought onstream under its 2025-26 drilling campaign performed in line with or above expectations, supported by reservoir insights from 4D seismic surveys.
Floating production, storage and offloading (FPSO) uptime at the Jubilee and TEN fields averaged more than 99% during the period.
Chief Executive Ian Perks said the company’s operational performance, together with higher-than-expected oil prices, had strengthened its financial outlook.
“We have delivered a strong operational performance in the first half of 2026, driven by our new wells performing ahead of expectations, production optimisation activities delivering tangible benefits and consistently high uptime across our assets,” Perks said.
First-half sales revenue rose to about $496 million, including approximately $47 million in hedge costs. Average pre-hedge realised prices for six crude cargoes were about $95 per barrel, while post-hedge realised prices averaged about $86 per barrel.
The company generated pre-financing cash flow of about $135 million and free cash flow of about $4 million after interest payments and one-off refinancing costs.
Gross debt fell by about $100 million to $1.6 billion at the end of June, while net debt stood at about $1.4 billion.
Reflecting the stronger performance, Tullow raised its full-year free cash flow guidance to between $170 million and $250 million at an oil price range of $70-$100 per barrel, up from its previous forecast of $70 million to $175 million.
The company said it now expects 2026 production to be at the upper end of its guidance range of 34,000-42,000 boepd and plans to lift 14 crude cargoes during the year, two more than previously forecast.
The Electricity Company of Ghana (ECG) reported a loss after tax of GH¢2.52 billion in 2025, an improvement from the GH¢8.25 billion loss recorded in 2024, according to the company’s latest financial results.
Despite remaining loss-making, ECG increased total revenue to GH¢22.1 billion in 2025 from GH¢19.6 billion a year earlier, reflecting higher electricity sales and improved revenue mobilisation, although the utility continues to face financial and operational challenges.
Managing Director Ing. Julius Kwame Kpekpena said ECG decoupled its e-payment platforms, eliminating duplicate charges and generating savings of about GH¢5.6 million per month.
He said the company also renegotiated its contract with Hubtel, reducing commission fees from 3% to 1.65%, resulting in monthly savings of about GH¢13.2 million.
Kpekpena said ECG terminated 202 underperforming supply contracts, preventing what he described as an unviable capital drain and generating savings of approximately $227.6 million.
“These actions demonstrate the Board and Management’s resolve to enforce fiscal discipline,” he said.
ECG’s total customer base rose to 5,851,762 in 2025 from 5,520,663 in 2024, representing growth of 5.92%, Kpekpena said.
The company delivered 222,979 new electricity connections during the year, up 31.3% from 169,814 in 2024. With 201,603 paid-up connection requests outstanding at year-end, ECG achieved a fulfillment rate of 97.31%.
The average time required to complete a new connection fell to 39.98 days in 2025 from 56.43 days in 2024, a 29.2% improvement that Kpekpena attributed to enhancements in customer service, including the refocusing of the Loss Reduction Programme.
Kpekpena said reducing system losses remained a key operational priority.
By the end of 2025, total system losses declined marginally to 26.88% from 27.05% in 2024. Technical losses stood at 9.16%, while commercial losses fell to 17.72% from 17.89%.
ECG’s workforce increased to 7,966 employees at the end of 2025 from 7,699 a year earlier. During the year, the company recruited 267 new employees, converted 497 contract staff to permanent employment and recognised 904 employees with long-service awards.
Kpekpena said ECG also concluded negotiations on a new Collective Bargaining Agreement, maintaining what he described as constructive labour relations.
Looking ahead to 2026, Kpekpena said ECG would focus on six strategic priorities. These include intensifying engagement with the Public Utilities Regulatory Commission (PURC) and the government on achieving full cost-recovery tariffs, building on improvements in tariff pass-throughs in 2025 and pursuing full implementation of the automatic tariff adjustment formula to reflect exchange rate and fuel cost movements.
He said the company would also prioritise the collection of National Street Lighting Tariff (NSLT) arrears, actively manage its debt position, continue capital investments to strengthen the network in high-loss areas and improve reliability to reduce power interruptions.
Other priorities include accelerating loss reduction efforts through the continued deployment of the Distribution Transformer and Boundary Metering (DTBM) programme to identify and eliminate transformer-zone losses, while investing further in staff development, workplace safety and digital platforms to strengthen the company’s operational capacity.
Board Chairman of ECG, Ing. Dr. William Amuna, noted that in the 2025 financial year, the Board fortified the company’s governance framework by adopting several key instruments, including a Corporate Governance Framework, a Board Charter, a Conflict of Interest Policy, and a Code of Conduct for Board Members.
“These vital documents formalise the rigorous standards of accountability, transparency, and integrity that we are steadfastly committed to upholding. I am proud to note that the Board unflinchingly maintained its commitment to these core values throughout a period of significant financial transition and operational challenge,” he said.
Amuna said the Board also oversaw the implementation of an Enterprise Risk Management (ERM) system during the year, strengthening the company’s structured approach to identifying, assessing, and mitigating risks across all areas of operation.
He said cybersecurity measures were also reinforced to protect the company’s digital infrastructure and customer data as ECG’s dependence on digital platforms continues to grow.
Looking ahead to 2026, Amuna said the principal risks facing the company are its debt position, the structural cost-revenue imbalance, tariff pass-through alignment, the need to rebuild equity, and the improvement of collection efficiency, particularly within the Non-Special Load Tariff (NSLT) postpaid customer segment.
He said he expects continued revenue growth, an improvement in the tariff pass-through gap, network reinforcement, and investments to improve reliability. He added that the deployment of SCADA systems and drone technology for network maintenance and monitoring will enhance operational efficiency and strengthen reliability management.
Sasol has appointed China’s Envision Energy to undertake a design study for a green hydrogen system at its Sasolburg operations, as the South African chemicals and energy company evaluates options to produce lower-carbon fuels and chemicals.
The collaboration was highlighted during a visit by South African Minister of Electricity and Energy Kgosientsho Ramokgopa to Envision’s Chifeng Hydrogen Net Zero Industrial Park in Inner Mongolia during the South Africa-China Energy Investment Conference.
The design study will assess the integration of renewable energy generation, battery energy storage and electrolyser technologies to support green hydrogen production.
Subject to the outcome of the study and future investment decisions, the hydrogen could be used to produce e-methanol and potentially sustainable aviation fuel (eSAF) at Sasolburg.
Sasol said it is evaluating opportunities to leverage its existing industrial infrastructure while assessing technologies that could support its energy transition strategy and future market opportunities.
“The design study with Envision is an important step in assessing how integrated renewables, energy storage and electrolyser technologies could support cost-competitive green hydrogen production at Sasolburg. By drawing on leading global expertise, we can evaluate how these technologies may contribute to future lower-carbon fuel and chemical value chains, while building on Sasol’s existing industrial capabilities,” Danie Cronje, Sasol’s senior vice president, said.
Kane Xu, Envision Energy’s senior vice president and president of the international product line, said green hydrogen would play an important role in decarbonising hard-to-abate industries.
“Green hydrogen will play a critical role in reshaping hard-to-abate industries and creating new pathways for sustainable growth. Through AI-powered energy infrastructure and technologies across renewables, storage and green hydrogen, Envision is working with global partners like Sasol to accelerate industrial transformation,” Xu said.
Envision said its proposed solution combines renewable energy generation, battery energy storage systems and electrolysers to optimise green hydrogen production based on projected energy availability and electricity prices.
The design study is expected to be completed later this year and will provide the technical and commercial information needed to assess the project’s next phase.
The companies said the collaboration reflects growing cooperation between South Africa and China on energy innovation and the assessment of technologies that could support industrial decarbonisation and lower-carbon energy solutions.
Ghana’s Minister for Energy and Green Transition, John Abdulai Jinapor, has directed the country’s grid operator, GRIDCo Ltd, to submit a comprehensive report following the recent power system disturbances that triggered a nationwide blackout.
The minister announced the directive after meeting stakeholders in the power sector.
“I have charged GRIDCo to submit a comprehensive report detailing the circumstances that led to the disturbance, the response measures undertaken, and the corrective actions required to strengthen the resilience and reliability of our power system,” he said in a Facebook post.
Jinapor said the discussions with sector agencies focused on the widespread outage caused by the power system disturbance on July 29, 2026.
According to him, the government is committed to building a stronger and more resilient power sector that supports economic growth.
“We will build a stronger and more resilient power sector that powers economic growth, supports businesses, and improves the lives of our people,” he wrote.
The power system disturbance occurred at about 3:00 a.m. on July 29, triggering a nationwide blackout and prompting widespread public complaints.
Many Ghanaians took to social media to express their frustration.
GRIDCo said in a statement that it was working to restore power supply.
Electricity was restored to several parts of the country a few hours later.
The 60th Annual General Meeting of the Association of Power Utilities of Africa (APUA), held from July 27 to July 31, 2026, at the Mövenpick Ambassador Hotel in Accra, ended with a call for African power utilities to deepen collaboration and build strategic partnerships to strengthen the continent’s energy sector.
The event, held under the theme, “Accelerating Africa’s Electricity Market Integration: Advancing Regulatory Readiness, Regional Market Development and Strategic Partnerships,” was organised by APUA in collaboration with the Volta River Authority (VRA), Bui Power Authority (BPA), Ghana Grid Company (GRIDCo), Electricity Company of Ghana (ECG) and the Northern Electricity Distribution Company (NEDCo).
About 200 chief executive officers, managing directors, general managers, technical directors and energy experts from APUA member organisations attended the meeting, alongside representatives of African and international institutions partnering with APUA.
The five-day meeting featured technical sessions, panel discussions and high-level engagements focused on regional electricity market integration, regulatory harmonisation, renewable energy integration, power sector financing and cross-border electricity trade.
Speaking at the closing ceremony, VRA Deputy Chief Executive Officer in charge of Services, Samuel Fletcher, urged participants to carry the lessons from the meeting back to their organisations.
Samuel Fletcher, Deputy Chief Executive in -charge of Services at the Volta River Authority, Ghana.
He called for stronger collaboration, shared learning and practical partnerships among African utilities.
“Africa’s energy future will be strengthened when our utilities work together, when our systems are better interconnected, and when power can move more efficiently from areas of surplus to areas of need,” Fletcher said.
He said stronger cooperation among African utilities would help improve energy security, enhance the reliability of electricity supply and support the continent’s industrialisation agenda.
The meeting ended with delegates reaffirming their commitment to advancing regional electricity market integration, strengthening institutional partnerships and promoting a more resilient and interconnected power sector across Africa.
PETROSOL Platinum Energy PLC, one of the leading oil marketing companies has received approval from the Ghana Stock Exchange and the Securities and Exchange Commission to raise long-term capital through the Ghana Stock Exchange, Managing Director Michael Bozumbil said.
The approval marks a milestone for the company, which has evolved over two decades from a petroleum consulting firm into an indigenous oil marketing company in Ghana.
“After a thorough assessment of PETROSOL’s business, including our governance systems, our compliance level, our credibility and growth plans, the Ghana Stock Exchange and the Securities and Exchange Commission have approved our request to raise patient capital on the stock exchange for our growth,” Bozumbil said at the Ghana International Petroleum Conference in Accra.
He said the proceeds would fund the company’s long-term expansion strategy, including investments in renewable energy, solar power and electric vehicle charging infrastructure.
“We have a clear plan to grow sustainably. We will continue to look for opportunities and the right partnerships to invest in the energy sector through innovation while taking advantage of government policies to expand our operations and deliver clean, long-lasting fuel and renewable energy solutions to our customers,” he said.
Founded in 2006 as a petroleum business management and consulting firm, PETROSOL entered the oil marketing business in 2014, benefiting from government policies aimed at increasing indigenous participation in Ghana’s downstream petroleum sector.
It has also received recognition from the Ghana Revenue Authority for tax compliance and remains in good standing with the National Petroleum Authority, the Environmental Protection Agency and the Ghana Standards Authority.
Beyond its petroleum business, PETROSOL is investing in renewable energy and plans to install electric vehicle charging stations at selected service stations as part of Ghana’s energy transition.
Bozumbil said policy consistency remains critical to enabling indigenous companies to compete with multinational firms in Ghana’s downstream petroleum sector.
“As an indigenous company that has benefited from the consistent implementation of government policies promoting the growth of indigenous private companies, we believe collaboration and policy consistency are critical to building a resilient downstream petroleum industry,” he said.
He said PETROSOL’s sponsorship of the 2026 Ghana International Petroleum Conference reflected its commitment to supporting industry dialogue and encouraging innovation, investment and sustainable growth.
Looking ahead, Bozumbil said the company would continue expanding its retail fuel network, growing its renewable energy business and creating jobs.
“We will continue to invest for growth. PETROSOL will remain a value-for-money brand, a good corporate citizen and an employer of choice. We will continue to energise dreams, ignite hope and power individuals and businesses to achieve their aspirations in an environmentally sustainable and ethical manner,” he said.
The planned capital raise is expected to strengthen PETROSOL’s financial position and broaden investment opportunities in Ghana’s capital market, the company said.
Genser Energy has bought back the entire stake held by Oppenheimer Partners, completing the investment firm’s exit after five years and marking a new phase in the Ghanaian energy company’s regional expansion.
The privately owned energy infrastructure company said it had redeemed the full shareholding previously held by OP Energy Holdings Limited, ending Oppenheimer Partners’ investment in the business.
Oppenheimer Partners first invested in Genser Energy as a preferred shareholder in 2021 before converting its holding into common equity in 2023, when it acquired a 40.4% stake.
The latest transaction concludes that investment and returns the shares to Genser Energy.
Founded in 2006, Genser Energy has grown into one of West Africa’s integrated energy companies, supplying electricity to industrial customers and utilities while investing in natural gas infrastructure.
Before Oppenheimer Partners’ investment, the company had developed five operating power plants and a 325-km natural gas pipeline network, becoming a key supplier of energy to Ghana’s industrial sector.
During the investment period, Genser expanded its infrastructure by adding about 110 km of natural gas pipeline, constructing a 200 million standard cubic feet per day gas conditioning plant in Prestea and entering Côte d’Ivoire through cross-border electricity exports.
“This transaction marks an important milestone for Genser Energy and reflects the strength of the business we have built over the past two decades,” Baafour Asiamah Adjei, the company’s founder, president and chief executive, said.
Chairman Nana Osae Nyampong said the buyback would enable the company to focus on its next phase of growth.
“As we look ahead, we remain focused on expanding our regional presence and creating long-term value for our customers, communities, employees and shareholders,” Nyampong said.
The transaction comes as infrastructure investors increasingly target Africa’s energy sector, where rising industrial demand and regional power integration are driving investment in gas pipelines, power generation and cross-border electricity trade.
Genser said it remains positioned for further expansion through continued investment in strategic energy infrastructure across West Africa.
The company operates more than 310 megawatts of installed generation capacity and owns a 436-km privately developed natural gas pipeline network in Ghana.
It is also completing major midstream projects, including a gas conditioning plant and a natural gas liquids export terminal, while supplying power to industrial customers and utilities and participating in regional electricity exports.
U.S. forces have assisted more than 1,000 commercial vessels transiting the Strait of Hormuz over the past three months despite what Washington described as Iranian aggression, U.S. Central Command (CENTCOM) said on Tuesday.
In a post on Facebook, CENTCOM said the assisted transits were continuing as of Tuesday and that the southern shipping route through the Strait of Hormuz remained open to commercial traffic.
“The southern route through the Strait of Hormuz remains free and open for all commercial vessels seeking to transit the international waterway,” the command said.
The Strait of Hormuz is one of the world’s most strategically important maritime chokepoints, carrying a significant share of global seaborne crude oil and liquefied natural gas exports.
The recent conflict involving the United States, Israel and Iran disrupted global oil supplies, driving up fuel prices and affecting economies around the world.
The U.S. military has stepped up its presence in the region in recent months to help safeguard commercial shipping amid heightened tensions involving Iran and concerns over maritime security.
South African state-owned power utility Eskom has welcomed the government’s decision to establish an independent, state-owned Transmission System Operator (TSO), as proposed by the Eskom Restructuring Task Team (ERTT).
Eskom said its board supports President Cyril Ramaphosa’s vision of an independent TSO that would own the country’s transmission assets at an appropriate stage of the electricity sector reform process.
“The board has a clear fiduciary responsibility to ensure that Eskom remains financially sustainable so that energy security can continue to support South Africa’s economic growth. For this reason, we fully support the pragmatic approach of treating electricity sector reforms as a carefully sequenced process with clear stage gates,” Eskom Board Chairman Mteto Nyati said.
As Phase II of the reforms begins, Eskom said implementation should safeguard the utility’s financial sustainability and address lender requirements, financing arrangements and contractual obligations.
Nyati said establishing an independent TSO would be a significant event for Eskom’s lenders and would require careful engagement as the implementation framework is developed.
“Successful reform and a financially sustainable Eskom are complementary objectives that will help support a stable, sustainable and investment-ready electricity sector,” he said.
Eskom also welcomed the ERTT’s proposal to establish a dedicated workstream to address municipal debt owed to the utility.
“Addressing municipal arrear debt, which has reached 119 billion rand, remains critical to Eskom’s long-term financial sustainability and its ability to meet existing debt obligations,” Nyati said.
He said progress in resolving the debt would be an important consideration in developing a sustainable pathway towards a fully independent TSO.
Eskom said it remains committed to supporting South Africa’s electricity market reforms while ensuring the implementation process strengthens the long-term sustainability of both the utility and the broader electricity sector.
Founded in 2006, Genser Energy has grown into one of West Africa’s integrated energy companies, supplying electricity to industrial customers and utilities while investing in natural gas infrastructure.
Before Oppenheimer Partners’ investment, the company had developed five operating power plants and a 325-km natural gas pipeline network, becoming a key supplier of energy to Ghana’s industrial sector.
During the investment period, Genser expanded its infrastructure by adding about 110 km of natural gas pipeline, constructing a 200 million standard cubic feet per day gas conditioning plant in Prestea and entering Côte d’Ivoire through cross-border electricity exports.
“This transaction marks an important milestone for Genser Energy and reflects the strength of the business we have built over the past two decades,” Baafour Asiamah Adjei, the company’s founder, president and chief executive, said.
Chairman Nana Osae Nyampong said the buyback would enable the company to focus on its next phase of growth.
“As we look ahead, we remain focused on expanding our regional presence and creating long-term value for our customers, communities, employees and shareholders,” Nyampong said.
The transaction comes as infrastructure investors increasingly target Africa’s energy sector, where rising industrial demand and regional power integration are driving investment in gas pipelines, power generation and cross-border electricity trade.
Genser said it remains positioned for further expansion through continued investment in strategic energy infrastructure across West Africa.
The company operates more than 310 megawatts of installed generation capacity and owns a 436-km privately developed natural gas pipeline network in Ghana.
It is also completing major midstream projects, including a gas conditioning plant and a natural gas liquids export terminal, while supplying power to industrial customers and utilities and participating in regional electricity exports.
