[ 2015-01-28 ]

Mahama hails ENI deal as a "landmark event"
President John Mahama has described the ENI deal
as a landmark event in the development of oil and
gas in Ghana.

Ghana partnered the Italian power company, ENI,
Tuesday for the production of about 180 million
cubic feet of gas to augment the production and
supply of power in the country.

The gas is expected to add an additional 1100
megawatts of power to the already 1020 megawatts
being produced by the Volta River Authority
(VRA).

According to President Mahama, a survey done in
terms of constraints to the growth of the Ghanaian
economy settled on energy as the most binding
constraint.


“This is a landmark event in the development in
Ghana and also the development of energy and power
security for our country,” President Mahama said
after the deal was signed Tuesday.

He added: “A survey done on our country in terms
of what constrains the growth of our economy
settled on energy as the most binding constraint
to our economy and I am sure that Ghanaians would
empathise with us considering the current load
management we are having to go through in respect
of power supply. So this should be a bit of a very
good news for Ghana going forward”.

President Mahama added that the new deal would
help stabilise and ensure that Ghana had
sufficient power to keep the economy growing.

The deal between the government of Ghana and the
Italian power firm is expected to last between 15
and 20 years.

Source - Starrfmonline

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