Skip to main content

Dumsor: $90m needed to avert looming power crisis – GRIDCo report

 


The government urgently needs nearly $90 million to avert a looming power crisis caused by insufficient fuel supplies for thermal plants, according to a report by the Ghana Grid Company (GRIDCo).

The GRIDCo report outlines that the funds are required to procure liquid fuel, such as light crude oil, to operate thermal plants in Tema and meet growing electricity demand.

The crisis stems from a generation capacity deficit following a pigging exercise conducted by the West African Gas Pipeline Company (WAPCO), which temporarily disrupted natural gas supply.

The GRIDCo report details key strategies to mitigate the impact of the fuel shortage and maintain grid stability:

  1. Rescheduling Planned Maintenance: Revising the schedules for generator shutdowns to avoid overlaps with the WAPCO maintenance period.
  2. Securing Alternative Fuels: Procuring sufficient quantities of light crude oil or other liquid fuels to substitute natural gas for thermal power generation.
  3. Load Management Measures: Considering load-shedding as a last resort to stabilize the national grid in the event of severe power shortages.

The GRIDCo also announced the maintenance of gas pipelines from Nigeria to Ghana by the West African Gas Pipeline Company (WAGP) which was initially scheduled for October 2024 but was postponed by the previous government to January 2025.

There is a deficit in generation capacity during the period of the WAPCO pigging exercise. Therefore, it is necessary to procure liquid fuel to operate thermal plants in Tema to meet demand. To prevent the looming ‘dumsor’, GRIDCo highlighted that the government will need “a total of US$ 89.90 million to purchase liquid fuel for running thermal plants and meet demand during the maintenance period.”

The report warns that failure to act swiftly could lead to prolonged power outages, disrupting economic activities and public services.

Stakeholders have called for expedited government action to secure funding and implement the recommended measures to avert the crisis.

Labels:

Comments

Post a Comment

Popular posts from this blog

NESCAFÉ Launches Real Vibes Text & Win Promo to Reward Coffee Consumers Across Ghana

 NESCAFÉ has launched the Real Vibes Text & Win Promo, an exciting consumer promotion designed to reward loyal coffee lovers and bring the brand’s My Coffee, My Vibe experience even closer to consumers across the country. Running from September to December, the promotion gives consumers the opportunity to enjoy their favourite NESCAFÉ coffee while standing a chance to win exciting prizes, including phones, motorcycles, airtime and the ultimate grand prize—an electric SUV. Speaking at the launch, Lily Ntim, Category Development Manager for NESCAFÉ, said the promotion reflects NESCAFÉ’s commitment to creating, rewarding and memorable experiences for consumers. “Today, we are excited to introduce the NESCAFÉ Real Vibes Text & Win Promo, a campaign designed to bring the My Coffee, My Vibe experience even closer to our consumers,” she said. She added that the campaign is not only about prizes, but also about celebrating the everyday moments consumers enjoy with their coffee. “T...
Post a Comment
Read more

Ghana Home Loans

With interest rates declining, a more liquid environment and a macroeconomic stability, mortgage financing is expected to see an ease of credit. And Ghana Home Loans being a leader in this industry is expected to lead the way. Ghana Home Loans (GHL), a leader in home mortgage, continues to be the frontier in fulfilling dreams of many Ghanaians in homeownership. Since starting business in 2006, it has also provided many existing homeowners with Equity Release mortgages to support their businesses, pay educational fees, improve their properties, or simply pursue other personal hobbies and interests. Ghana Home Loans is a mortgage finance institution which operates under Bank of Ghana’s supervision as a non-bank financial institution. At present, the Company remains the only such institution that focuses exclusively on the provision of mortgage product. Through the Home Completion mortgage and Home Construction mortgage products, Ghana Home Loans has enabled many qualified applican...
16 comments
Read more

Tender Committee recommends E&P for Damang Mine lease transfer

  A Tender Committee has recommended the grant of the mining lease for the Damang Gold Mine to Engineers and Planners Limited, following a competitive evaluation process conducted by the Minerals Commission. The recommendation comes after a tender process initiated under Regulation 258 of the Minerals and Mining (Licensing Regulations), 2012 (LI 2176), aimed at selecting a strategic investor to take over the mining lease and operations of the Damang mine. According to the report, four companies responded to the public tender announced in the media. Out of these, two firms were shortlisted by the Mineral Titles Department of the Minerals Commission and subsequently submitted to the Tender Committee for detailed assessment. After what was described as a comprehensive evaluation, Engineers and Planners Limited emerged as the highest evaluated bidder, leading to the Committee’s recommendation for the award of the lease. Gold Fields Ghana Limited, which has operated in the country since...
Post a Comment
Read more