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    Graphic Online: PURC Directed to Draw Strategy to Clear $312m Natural Gas Debt

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Summary

The Ghanaian government has directed the Public Utilities Regulatory Commission (PURC) to devise a debt management strategy to $312 million gas debt

by: Erica Mills

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Press Notes, Africa

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Graphic Online: PURC Directed to Draw Strategy to Clear $312m Natural Gas Debt

The government has charged the Public Utilities Regulatory Commission (PURC) to come up with a debt management strategy to clear a debt of more than $312 million, being the cost of the supply and transportation of natural gas from Nigeria and Atuabo to the thermal units in the Tema and Aboadze enclaves.

Currently, sources say the Volta River Authority (VRA) is yet to pay more than $130 million, which is the cost of gas transmitted to the authority by the Ghana National Gas Company (Ghana Gas), in addition to $82 million and $100 million payable to the West African Gas Pipeline Company (WAPCo) and Nigeria Gas (N-Gas), respectively.

Read the full article HERE.

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