Oil block auctions to commence in Ghana next month

Business News of Thursday, 27 September 2018

Source: www.ghanaweb.com

2018-09-27

William Aidoo, Deputy Minister for Power at the Energy Ministry

Deputy Minister for Power at the Energy Ministry, William Aidoo has said Ghana is going to open a competitive bidding round for the allocation of new oil blocks in the country.

Speaking at the third annual Regional Energy Co-operation Summit, Mr Aidoo said licensing bid evaluation and negotiations committee have been inaugurated at a workshop hence, looking forward to a formal announcement of the competitive bidding round in October this year.

The Summit, which was organized by EnergyNet had Ministerial delegations from Ghana, Nigeria, Burkina Faso and Sierra Leone.

“Sincere appreciation to the organizers for contributing to the government’s efforts in deepening the co-operation within the Africa region and the collective programmes and initiatives for energy development”, Mr Aidoo said.

The Summit also celebrated the 10th Anniversary of GRIDCo and this included a site visit to the System Control Centre and Ghana Power System in Tema.

Some dignitaries present at the summit were; John Peter Amewu, Minister for Energy of Ghana, Mr Jonathan Amoako-Baah, Chief Executive Officer of GRIDCo, Samuel Boakye-Appiah, ManagingDirector of Electricity Company of Ghana, and other private and public sector companies such as AKSA Energy, DLA Piper, Engie, Fieldstone, Manitoba, METKA, Wartsila, Greenville LNG, Power Africa, Interplast, VRA, Bui Power, Energy Commission.

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