Ghana losing $9.9m to Ameri monthly

Ghana losing $9.9m to Ameri monthly

Ghana is losing a $9.9 million on a monthly basis to the owners of the Africa & Middle East Resource Investment (AMERI) power plant for no work done, the Daily Guide has reported.

Ghana’s deal with AMERI plant owners requires the country to pay them $9.9 million for using natural gas from the Atuabo gas processing plant to generate 250 megawatts of electricity to national grid.

However, according to the report, some technical challenges confronting operators of the FPSO Kwame Nkrumah has compelled them to reduce gas supply to Ghana Gas from 87 million standard cubic feet (scf-d) a day to 47 million scf-d.

Ghana Gas has thus been left stranded and is unable to supply the AMERI plant with gas, the report said.

Although the the plant is currently not operational, the terms of Ghana’s contract with its owners demand that they are paid the $9.9 million every month whether the plant works or not, the report added.

The power crisis that buffeted the country for close to four years and was declared over in December, 2015, has recently resurfaced with ferocity.

President John Mahama and has blamed the current situation on the failure of Nigeria to supply the country with light crude needed to fire power plants.

 

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