Ghana needs US $1bn to buy fuel for thermal plants

Ghana needs US $1bn to buy fuel for thermal plants

A report on Ghana's energy output shows that the energy commission is demanding more than US$1.18billion for the fueling of all thermal plants should the country's electricity demands be met.

The report which was written by the chief energy policy adviser to government and the Energy Commission, says the amount required will expended on natural gas, light crude oil, diesel and heavy fuel oil to power the various thermal plants as the country looks to contain the threat of erratic energy supply on the economy.

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" About US$494million will be required to procure natural gas for the various thermal plants as there is bound to be at least a supply deficit of 65,000 mmscf, as it has been estimated that the gas flow required for fuelling the thermal plants this year will range between 120,000-146,400 mmscf," excerpts of the report has shown.

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The burgeoning rate of the amount raises questions over the capacity of government to put to an end the protracted energy crisis which is feared to have crippled businesses and dwindled the investment outlook of the country. Meanwhile government is yet to come up with an official statement over the development.

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