In recent years, the discovery of oil and gas in commercial quantities offshore Ghana has generated a lot of interest in oil and gas sector. The Petroleum (Exploration and Production) Law, 1984 (PNDCL 84), sets out the policy framework and describes the role of the Ministry of Energy, which regulates the industry. The Ghana National Petroleum Corp. (GNPC), which is empowered to undertake petroleum exploration and production on behalf of the Government, is authorized to enter joint ventures and production-sharing agreements with commercial organizations. GNPC was established under the GNPC Law of 1983 (PNDCL 64).
Under the sub-sector of electricity, prospective independent power producers are being welcomed for the development and operation of additional power generation units under very clear policy frameworks. Ghana currently has an installed capacity of 1925 MW, representing a hydro and thermal mix and an additional 1615 MW capacity of generation is also underway. Of the generation capacity under development a significant number represents IPPs. The policy goal of the Government of Ghana is to have a minimum generation capacity of 5,000 MW by 2016 and so IPPs are being aggressively incorporated in the programme to assure energy generation. It needs to be stated that because of the existence of the West Africa Power Pool Project, which links the grid of Ghana and a number of energy deficit neighbouring countries, virtually all energy generated has a ready market in the sub-region.
For additional information you may contact:
The Ministry of Energy- www.energymin.gov.gh
The Ghana National Petroleum Corporation- www.gnpcghana.com
The Volta River Authroity- www.vra.com
The Electricity Company of Ghana – www.ecgonline.info/ecgweb