In a bid to address Ghana’s persistent energy shortfalls, the government has announced plans to construct a second gas processing plant by the John Mahama administration.
This move is expected to strengthen the country’s energy security and ensure a stable power supply.
The Minister for Energy and Green Transition, John Jinapor made the announcement, stating that cabinet has approved the project, which will be undertaken in partnership with the Finance Ministry.
The new facility will complement existing infrastructure, providing a more reliable supply of natural gas for power generation.
The previous administration started the process for the second gas production plant.
Ghana has long struggled with power supply issues due to rising demand and limited gas processing capacity.
The current gas processing plant at Atuabo has a capacity of 150 million standard cubic feet per day (mmscfd), but the country’s gas production has surpassed this capacity, leading to a shortfall.
The second gas processing plant is expected to double Ghana’s gas processing capacity, enabling the country to maximize the benefits of its natural gas resources.
The project is estimated to cost around $700 million and is expected to be completed by 2026.
The plant will be constructed using a private-partnership model, with a private partner financing and constructing the plant, which will then be co-managed by the private partner and Ghana Gas.
The construction of the second gas processing plant is a significant milestone in Ghana’s energy sector.
The country has made significant progress in recent years, with the discovery of oil and gas reserves in 2007.
The first gas processing plant was commissioned in 2014, and since then, Ghana has become a significant player in the regional energy market.
The government’s decision to construct a second gas processing plant demonstrates its commitment to addressing the country’s energy challenges.
The project is expected to have a positive impact on the economy, creating jobs and stimulating economic growth.
-BY Issah Olegor
