[ 2014-08-20 ]

Quantum Power Ghana Gas to deliver gas by 2016
Accra, Aug 19, GNA – Quantum Power Ghana Gas
(QPRGG), would by the first quarter of 2016,
distribute Liquefied Natural Gas (LNG) to
Independent Power Producers (IPPs) for the
generation of electricity at a lower cost to
consumers.
This would be actualised with the completion a
$500 million project, to be sited off-shore, to
provide liquefied natural gas directly to
industries within the Tema Metropolitan Area and
the rest of the Eastern coast of Ghana.

The project is being executed by QPRGG, in
collaboration with Golar LNG, which would provide
the required floating LNG storage, regasification
unit (FSRU), and some technical, engineering,
design, and construction services.

In an interview with the Ghana News Agency (GNA),
in Accra, on Tuesday, Mrs Vicky Nartey a
spokesperson for the company, said: “QPRGG’s
vision is to provide reliable cheaper LNG to
independent power producers to enable them to
generate electricity at a lower cost for sale to
consumers.

“This would go a long way to contribute to the
nation’s socio-economic development.”

LNG is created by cooling natural gas, to 160ºC,
into a clear, colourless, non-toxic liquid. LNG
can be transported and stored more easily than
natural gas because it occupies up to 600 times
less space. When LNG reaches its destination, it
is returned to a gas at regasification facilities
and utilised for intended purposes.

Mrs Nartey said QPRGG seeks to address Ghana’s
growing industrial energy demand, which has
out-stripped supply, thus creating serious
challenges for accelerated economic development.

She said industries in Tema must receive regular,
reliable and cheaper sources of power to
accelerate national economic growth.

QPRGG seeks to fill in the gap with the
development of LNG storage, regasification and
deliveries facilities in Tema, thus leading
efforts to contain Ghana’s energy challenges,
she said.

Mrs. Nartey said the project would contribute to
raising living standards through industrialization
and would make the country become an industrial
power hub for the West African sub-region and this
is critical to Ghana’s Shared Growth Strategy.

She recalled that in September, last year, QPRGG
organized a sensitization workshop on the project
for stakeholders in the energy sector.

She said the project is progressing smoothly and
is being implemented in strict compliance with the
Environmental Protection Agency’s rules and
regulations.

Ms Anita Compah-Keyeke, also of QPRGG, lauded the
Ministry of Energy and Petroleum for encouraging
creative private sector-led LNG solution for the
country, in which power generators could arrange
for imports of LNG to feed their businesses.

She said when the project is fully operational,
the 10 per cent annual increase in energy demand
would be addressed, while the nation would save $
250 million annually.

The savings, she said, could be used to provide
infrastructure such as schools, hospitals, and
good roads.

She said the project would have the initial
ability to receive, store, re-gasify and deliver
over 1.75 million tonnes of LNG per year,
utilizing a state-of-the art, purpose-built,
dedicated FSRU moored off-shore, with associated
sub-sea and onshore pipeline networks to deliver
the natural gas to power generators in Tema.

Source - GNA

... go Back