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Business News of Wednesday, 27 May 2015

Source: Starrfmonline.com

Asogli Power Plant to resume operations

The Asogli Power Plant is expected to resume operations today, Tuesday May 26, 2015 as Nigerian Petroleum workers call off their strike.

The plant was shut down due to a gas shortage in Nigeria.

The national grid lost about 180 megawatts due to the situation.

Managing Director of the Asogli Plant Kweku Lee told Starr News the situation will normalise soon.

Meanwhile, TICO has moved from 170MW to 210MW.

Last Friday, staff of the Nigerian National Petroleum Corporation laid down their tools over some policy decisions.

Nigeria was supposed to send 123 million cubic feet of gas to Ghana but it is only able to supply around 49 cubic feet of gas.

The workers were against the transfer of the operatorship of OML 42 from Shell to Neconde Energy Ltd.

The strike, coupled with other factors, resulted in fuel shortage in Africa’s largest economy with its rippling effect hitting Ghana.

Currently, Ghana’s Atuabo Gas plant is supplying an average of 70 million standard cubic feet of gas per day which is being used to power the plants in the Aboadze Enclave.