Nigeria has cut gas supply to Ghana over indebtedness.
Nigeria has cut gas supply to Ghana over $120 million indebtedness.
The latest development means Ghana will lose about 600 megawatts of power from the country’s national electricity grid.
According to Citi FM reports, It is unclear yet how much Ghana owes Nigeria Gas Company but a recent lecture addressed by former Deputy Governor of the Bank of Ghana, Dr Mahamadu Bawumia revealed that Nigeria is owed about $100 million.
This is expected to drastically worsen the current energy situation in Ghana because most of the thermal plants in the country 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.
Dr Bawumia stated that “Nigeria Gas is, therefore, dragging its feet with regards to the supply of gas while this amount is unpaid.”
“Ultimately, the dumsor problem is more of a financial problem than a technical one,” he suggested.