Ghana’s utilities selling gas plants amid restructuring

Ghana hopes to cut costs in its power sector by selling off some of its gas-fired plants Ghana hopes to cut costs in its power sector by selling off some of its gas-fired plants.
By Felix Janvrin 15 May 2018 0 30852
Construction of the Tema CENIT thermal power plant Construction of the Tema CENIT thermal power plant. (CENIT)

Ghana’s largest power generation companies are planning to sell three gas-fired power stations later this year as the country’s government looks to cut the cost of its power sector. According to sources, the sale – among other ministerial directives to restructure downstream operations – is expected to ease liquidity concerns for upstream companies investing in domestic gas resources.

Ghana’s Ministry of Finance has selected PwC and financial adviser Fieldstone Africa to advise on the sale of the 126 MW Tema 1 and 220 MW Kpone thermal...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Log me in

Not a subscriber?

Sign up for 7-day trial access to this and more premium content. It's free.

Sign up now