President Nana Addo Dankwa Akufo-Addo has commissioned the use of gas as the primary fuel for power generation from Karpowership on December 7, 2019.
According to the President, “the switch from Heavy Fuel Oil (HFO) to natural gas would 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.”
See his post below:
“In line with Government’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. This 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.
“Specifically, 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.
“So, on Saturday, 7th December, 2019, I turned on the valves for the use of natural gas for electricity generation on the Karpowership.”
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