Monday, March 30, 2015

More Dumsor: Nigeria cuts gas supply to Ghana over $120m debt



Nigeria has cut supply of gas to the Volta River Authority (VRA) over a whopping debt hovering around $120 million.

According to VRA sources, the debt has piled up over a six-month period.

The situation, Starr News gathers, could worsen the energy crisis Ghana is facing as majority of the thermal plants run on gas.

Gas from Nigeria through the West African Pipeline Company (WAPco) is used to power thermal plants at the Tema power enclave. They include the 220MW Asogli Plant, the 110MW Cenit Plant, the 110MW Tema Thermal 1 Power Plant and the 50MW Tema Thermal 2 Power Plant.

Accra-based Citi FM is reporting that about 600 Megawatts of power is expected to be lost due to the development.

It will be recalled that the vice presidential candidate of the New Patriotic Party (NPP) Dr Mahamudu Bawumia in a public lecture last week said, the VRA owes Nigeria Gas $100 million, a reason for “the untold story” of the erratic supply of gas.

“Nigeria Gas is, therefore, dragging its feet with regards to the supply of gas while this amount is unpaid,” the former deputy governor of the Bank of Ghana said.

“Ultimately, the ‘dumsor’ problem is more of a financial problem than a technical one,” he suggested.


Source: Ghana/starrfmonline.com/103.5FM