Outgoing Finance Minister Seth Terkper says enough investments have been made to ensure that the country does not return to dumsor days in the next administration.
Speaking to the press Tuesday, he said the phenomenon is being brought under control to the point where the projection is that going forward supply would exceed demand. "This could be reversing the situation in some two to three years," adding the nation has had the occasion to stop the processing of independent power producer applications.
The country was hit by a four-year power crisis which saw major parts of the country in darkness for 24 hours with only 12 hours of electricity supply. After series of broken promises by the Mahama-led government, the crisis abated late this year with the increase in generation capacity through the procurement of the KARPOWER, Ameri plants etc.
This comes as energy experts and industry watchers have projected a return to another power crisis in April next year due to instability over the source of fuel. The Africa Center for Energy Policy (ACEP) has warned of a return to a crippling power crisis in 2017 hinging its worrying projection on unsustainable fuel supply. In a report released by ACEP titled "Beyond 2016 Elections, Energy Sector Priorities" it warned that fuel supply, particularly gas, will be difficult to find from April 2017.
With water supply in the Akosombo Dam said to be at an eternally low levels hydropower will also not be an option. "Fuel supply has become more challenging as thermal generation will continue to dominate the sector," the ACEP report said. But Mr Terkper has assured that a comprehensive review of the issue is completed adding government is on course to have a third FPSO which will increase the supply of crude as well as gas.
"Gas is expected to follow from the TEN fields from the beginning of next year and therefore and we are likely to see a more stable supply of gas," he said.
Source: JFM Ghana
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ALWAYS LYING! I HAVE NEVER SEEN A PARY FULL OF LIARS LIKE NDC. EVEN HEADING TO EXTINSHING IN OPPOSITION, NDC WILL STILL LIE. OH, NDC!
WHEN MAHAMA CAME TO POWER GHANA WAS IN A POSITION TO PRODUCE MORE POWER THAN OUR ENERGY NEEDS. DONT TELL ME YOU HAVE SOLVED DOMSOR BECAUSE THERE WAS NOTHING TO BE SOLVED. MAHAMA WAS THE ONLY PROBLEM WE HAD WITH THE PROVISION OF POWER. HIS THIRST FOR STOLLLEN WEALTH LEAD HIM TO TURN OUR LIGHTS OFF SO HE CAN BRING IN EMERI AT A VERY WICKED COST TO THE PEOPLE OF THE COUNTRY. IF SETH THINKS WE ARE ***barred word*** HE MUST WATCH OUT! SOME OF US VOTED FOR NANA ADDO SO THAT JUSTICE WOULD BE DONE AND THOSE RESPONSIBLE FOR DUMSOR WILL DO TIME AND MAKE SOME OF US HAPPY. WHERE IN THIS WORLD CAN SETH TERPKER BECOME A FINANCE MINISTER? THIS GUY WAS JUST STEELING WITH MAHAMA AND HIS BROTHER IBRAHIM.
DUMSOR WAS DELIBERATELY CREATED BY MAHAMA AND THESE GUYS TO BRING IN AMERI AAND OTHER DUBIOUSE POWER PLANTS. NO WONDER JP MORGAN CHASE WAS A FACILITATOR IN THIS KRIME AGAINST GHANAIANS.
R.ubbi.sh. You are running a generator to solving this problem and you think you have solved it? How much are we even paying for that generator. that's fraud and heads must roll once Nana takes over. Non.sense
If Mahama inherited the current generation capacity and this number of development, Ghana could be in the region of the first world. NPP has no excuse to fail
The thing about the NDC is propaganda turned upside down towards themselves - it is now self-delusions. They're trying hard to write down a benchmark for the incoming government, and which benchmark only exits in their heads. Dumsor never ended, the economy never regained stability and we all know it. Terkper know it and Mahama knows it. Your propaganda is your Achilles heel, NDC!
pls stop lying, a huge debt has been left for the next government to pay in order to save gh from dumsor.Naija gas is owed to the tune of about 180million dollars.Ameri deal stinks cause the actual price for ten General electric aero derivative turbine(TM 2500+)is about 300M USD instead of the 510M that was paid. Ghanaians NDC has never been truthful about this energy crisis.Jinapor was incompetent so was his boss K. Donkor.