International Finance Corporation (IFC), a private sector arm of the World Bank Group, has signed a Memorandum of Understanding (MoU) with the Volta River Authority (VRA) to support private sector investment in Ghana’s power sector.
Category: Energy
Lukoil Discovers Oil In Ghana’s Cape Three Points Block
Lukoil Russia’s second-largest oil producer, has made a discovery at Ghana’s offshore Cape Three points project, according to a person with direct knowledge of the development. The company has 90 days to evaluate the find and decide what the next step is, said the person, who asked not to be identified because the information isn’t […]
EnergyNet, Vestas Initiative To Power Off-grid Africa
EnergyNet Ltd, a leading global portfolio of investment meetings, conferences and infrastructure events focused on the power and industrial sectors across Africa has partnered with ‘Wind for Prosperity’, a Vestas initiative to deliver electricity to some of the poorest off-the-grid citizens across Africa. With more than 1.3 billion people across the globe lacking access to […]
Cape Town Hosts Talk On Financing Options For Power Projects
The 8th Annual Powering Africa: Finance Options Meeting will return to Cape Town, South Africa from 30-31st October this year. The pan-African executive briefing will host CEOs and senior-level directors to get to the heart of the issues and opportunities surrounding the financing of power projects in Africa. It will also allow a limited number […]
Ghana’s Akosombo Dam Faces Collapse
THE water level at the Akosombo Hydro Dam could result in a shutdown that could worsen Ghana’s erratic power supply. Chief Executive Officer of the Volta River Authority, Isaac Kirk Kofi, said while government had taken measures to ensure the dam was not shut, he said the situation remained dire. The worrisome level of water […]
Oil Workers In Ghana Least Paid In The World
Ghanaian workers in the oil and gas industry are among the least paid in the world. This is according to a report compiled by oil and gas recruitment experts, Hays Oil and Gas, and industry researchers, Oil and Gas Job Search. The report which focused on the 2013 average annual salaries in the global oil […]
Energy Absolute to Invest $1.4 Billion in Solar, Wind Projects
Energy Absolute Pcl (EA), whose Bangkok-listed shares have more than tripled this year, plans to spend about 46 billion baht ($1.4 billion) over the next three years to boost generation capacity from renewable energy. Capacity will increase by 570 megawatts by 2017 from about 100 megawatts, Chief Financial Officer Amorn Sapthaweekul said yesterday. The company, […]
WOGFund Enhances Local Firms Participation In Oil Sector
WESTON Capital has launched what is said to be the first sector-focused fund, the Weston Oil and Gas Fund (WOGFund), aimed at enhancing the participation of indigenous companies in the oil industry. Chief Executive Officer (CEO) of Weston Capital, Rex Kontor, said the fund would support the drive for local participation in the oil and […]
JTTC Makes Strides In Ghana’s Oil And Gas Industry
By Mashood A. Kunateh The Jubilee Technical Training Centre (JTTC), which is affiliated to the multiple award winning Takoradi Polytechnic, is bursting with glory as graduates from the centre are making great strides in Ghana’s burgeoning oil and gas industry. Samuel Owusu Fenteng, who is among the first graduates of the centre said: “The centre […]
Ghana To Set Up Ozone Friendly Fridge Assembling Plant
Ghana’s quest to protect the ozone layer from the nefarious activities of man has given a major boost following announcement that the country would soon set up ozone friendly refrigerators assembling plant. To this end, the Deputy Minister of Environment, Science, Technology and Innovation, Dr Bernice Heloo said “The Government of Ghana and importers of […]