Ghana saves $500m from shift from liquid fuel to gas – Jinapor
Speaking at the *Future of Energy Conference*, Mr Jinapor said the transition formed part of government’s efforts to reduce the cost of power generation and improve the financial sustainability of the energy sector.
Ghana's energy minister, John Abdulai Jinapor, announced that the country saved approximately $500 million last year by transitioning from liquid fuel to natural gas for thermal power generation. Addressing the Future of Energy Conference, Jinapor highlighted that the shift contributed to the government's goal of reducing power generation costs and enhancing the financial viability of the energy sector.
This savings stemmed from import substitution, as Ghana increasingly utilized gas over more costly liquid fuels to operate its thermal power plants. Jinapor emphasized that the substantial saving of $500 million should be continued and strengthened through further structural reforms. He stressed that these reforms should be coupled with technological advancements and a diversified energy mix to ensure a sustainable and competitive power sector.
The minister also assured ongoing efforts to make electricity supply more affordable and reliable, as Ghana aims to boost industrial activities and boost local businesses' competitiveness. Ghana's energy strategy incorporates both thermal and renewable sources, alongside investments in enhancing the country's electricity infrastructure to meet future demand.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
