{"id":760507,"date":"2019-12-08T13:23:23","date_gmt":"2019-12-08T13:23:23","guid":{"rendered":"https:\/\/ghana-mma.com\/2019\/12\/08\/karpowership-will-save-electricity-users-170-5-million-annually\/"},"modified":"2019-12-08T13:23:23","modified_gmt":"2019-12-08T13:23:23","slug":"karpowership-will-save-electricity-users-170-5-million-annually","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/12\/08\/karpowership-will-save-electricity-users-170-5-million-annually\/","title":{"rendered":"Karpowership will save electricity users $170.5 million annually"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"floatLeft\">General News of Sunday,  8 December 2019<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>Graphic.com.gh <\/p>\n<p>2019-12-08<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2019\/11\/1572974918_893_34335851.295.jpg\" alt=\"President Nana Addo Dankwa Akufo-Addo\" title=\"President Nana Addo Dankwa Akufo-Addo\" width=\"295\" height=\"197\" \/><span class=\"image_caption\"><span>President Nana Addo Dankwa Akufo-Addo<\/span><\/span><\/p>\n<\/div>\n<p style=\"clear:right\" id=\"article-123\"> President Akufo-Addo says the switching of the Karpowership to natural gas will save electricity users an amount of $170.5 million per year, and a projected amount of $1.2 billion over the remaining term of the contract.<\/p>\n<p>He said in line with government&#8217;s policy of promoting the use of gas as the primary fuel for power generation, the 450-megawatt Karpowership is now running natural gas, instead of Heavy Fuel Oil (HFO), for the generation of electricity.<\/p>\n<p>In a post on Facebook on Sunday, December 8, 2019, the President said:<\/p>\n<p>\u201cIn line with government&#8217;s policy of promoting the use of gas as the primary fuel for power generation, the 450-megawatt Karpowership is now running natural gas, instead of Heavy Fuel Oil (HFO), for the generation of electricity.<\/p>\n<p>\u201cThis follows the relocation of the Karpowership from its original location in Tema to the Sekondi Naval Base, in the Western Region, and the successful conversion of 90% of its engines to run on natural gas. As a result, Ghana will save a monthly take-or-pay cost of $40 million, resulting in projected annual savings to the country of $480 million.<\/p>\n<p>\u201cSpecifically, the switch of the Karpowership to natural gas will save electricity users an amount of $170.5 million per year, and a projected amount of $1.2 billion over the remaining term of the contract, by way of reduced electricity charges to consumers.<\/p>\n<p>So, on Saturday, 7th December, 2019, I turned on the valves for the use of natural gas for electricity generation on the Karpowership.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>General News of Sunday, 8 December 2019 Source: Graphic.com.gh 2019-12-08 President Nana Addo Dankwa Akufo-Addo President Akufo-Addo says the switching of the Karpowership to natural gas will save electricity users an amount of $170.5 million per year, and a projected amount of $1.2 billion over the remaining term of the contract. He said in line [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":736820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-760507","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Karpowership will save electricity users $170.5 million annually - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/12\/08\/karpowership-will-save-electricity-users-170-5-million-annually\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Karpowership will save electricity users $170.5 million annually - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"General News of Sunday, 8 December 2019 Source: Graphic.com.gh 2019-12-08 President Nana Addo Dankwa Akufo-Addo President Akufo-Addo says the switching of the Karpowership to natural gas will save electricity users an amount of $170.5 million per year, and a projected amount of $1.2 billion over the remaining term of the contract. 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