The Deputy Minister of Energy and Green Transition, Hon. Richard Gyan-Mensah has encouraged investors to take advantage of the investments opportunities in Ghana’s energy sector. Hon. Gyan-Mensah made this remark at the Ghanaian-German Economic Association Business Forum which was held under the auspices of the German Ambassador to Ghana His Excellency Daniel Krull.
In his speech, the Deputy Minister disclosed that the ministry is ready to welcome investors in Ghana’s energy sector. He disclosed that the investments prospects in the energy sector are enormous, citing the growing electricity demand of 300MW annually and monthly petroleum product consumptions of more than 400,000 metric tons.
The Deputy Minister of Energy and Green Transition, Hon. Richard Gyan-Mensah
“Ghana is a leading destination for energy investments in West Africa and beyond. As a government, our transformational agenda in the energy sector is anchored on 4 cardinal principles; energy security, affordability, universal access and regulatory predictability. In the petroleum sector, the construction of a second Gas Processing Plant with the capacity of 150-300 mmscfd is under consideration. The country is planning to construct a new offshore mooring facility in Tema and also storage will be expanded in Takoradi to accommodate the growing demand, reduce congestion and demurrage, guaranteeing steady supply of petroleum products”, the Deputy Minister stated.
Hon. Deputy Minister further noted that in the electricity transmission sub-sector, GRIDCo is reinforcing existing lines and building new lines to improve supply quality. He noted that government is constructing a new 330kV lines and a new transmission line from Tamale through Bimbila to Kejebi as well as upgrading the existing 69kV Asiekpe-Ho line to 161kV. Hon. Gyan-Mensah further encouraged investments in renewable energy, reflecting in the President’s vision with the introduction of ‘Green Transition’.
“In implementing the National Energy Transition Framework, the Ministry is dedicated to increasing the proportion of non-hydro renewable energy from less than 3% to 10% by the year 2030 and continuing the construction of new the mini-hydro dams to meet the energy demand. For instance, the Ministry is rolling out 12,000 net-metered solar PV systems and 35 mini-grids.
The Ministry is championing the Renewable Energy Authority Bill to promote renewable energy generation and investment. This shows our government’s commitment to Green Transition.”
source:www.senaradioonline.com
