- Zeynep Harezi has told Citi News in Accra that GNPC provided the best terms of fuel supply
- Karpower before coming to Ghana gave all indications that the company was going to be responsible for procuring its own fuel
- The Karpowership consumes approximately 35,000 tonnes of Heavy Fuel Oil (HFO) per month, which is close to 9 million USD
Zeynep Harezi the Executive Director in charge of business development at the Karpower Company Limited has told Citi News in Accra in an interview that the Ghana National Petroleum Corporation (GNPC) provided the best terms whilst meeting all specifications during a competitive bidding for the company’s fuel supply.
READ ALSO: Ghana’s credit ratings ‘B’ – Fitch report
Questions had been raised over GNPC’s involvement in the supply of fuel to Karpower Company Limited.
Karpower, prior to the coming of the power ship to Ghana in November 2015, gave all indications that the company was going to be responsible for procuring its own fuel to run the barge.
The Karpowership which is 225 megawatt consumes approximately 35,000 tonnes of Heavy Fuel Oil (HFO) per month, which is close to 9 million USD.
Harezi said, Karpower chose the best company that is providing the lowest tariff and the best delivery terms for its fuel delivery.
“Because GNPC is the national petroleum company, they were able to provide us with those terms at a more competitive commercial terms than the rest of the fuel companies. We had discussions with the companies providing our terms and specifications with the deliverables which GNPC met as we counted on their good relationship with the Electricity Company of Ghana (ECG),” she said.
Zeynep Harezi also added that, the fuel supply responsibility was still theirs and so if GNPC did something wrong, ECG would not go to GNPC but rather will hold Karpower responsible for providing electricity.