Business News of Wednesday, 20 December 2017
Karpowership Ghana Company Limited has inaugurated the second Karpowership from Turkey with the capacity to supply 470 megawatts.
The company has reiterated its supply of uninterrupted and consistent electricity to the National grid at the inauguration ceremony of 470 MW Karadeniz Powership Osman Khan.
Speaking at the ceremony, CEO of Karpowership Orhan Remzi Karadeniz stated that Karpowership’s presence in Ghana is in complete fulfilment of the contractual obligations for providing 450 MW of electric power to the Electricity Company of Ghana (ECG).
Adding that Karpowership had successfully completed all requisite commissioning works, operational tests and has been supplying electricity to the national grid since October.
“The Karpowership has also demonstrated that it is the backbone versatile power generation that Ghana can rely on for security of supply, fuel flexibility and mobility. Together, with all our stakeholders, and government agencies, we have demonstrated that Ghana can execute and sustain cost-effective infrastructure projects, transform its economy, optimize the utilization if its own natural resources and reduce dependency on import sources,” the CEO stated firmly.
The Deputy Minister of Energy, Joseph Cudjoe, said the addition to the installed capacity would go a long way to help the government to achieve its objectives of ensuring adequate, reliable and affordable energy for both domestic and commercial purposes.
He said the arrival of the powership would complement government’s efforts to end completely the load shedding exercise witnessed in the country some few years ago.
“In order to ensure that the entire value chain is robust so that we are able to monitor domestic gas to meet the energy needs, we are engaging prospective IPPs to offtake the OCT pre-gas. The 470 MW powership is one of the primary candidates expected to offtake gas from the Sankofa when it is relocated to Sekondi,” the Deputy Minister apprised.
With the inauguration of the second powership, the earlier power barge which arrived in Ghana in 2015 with the capacity of generating 225 megawatts will be decommissioned and sent back to Turkey.