The Ministry of Power has reached an agreement with the Nigerian Gas Company (N-Gas) and the West African Gas Pipeline (WAPCo) for the latter to continue supply of gas to the Volta River Authority (VRA) for its operations.
The new agreement follows a courtesy call on President John Mahama, in Kumasi on Monday, by a high-powered delegation from Nigeria, led by that country’s Minister of State-designate, and Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Emmanuel Kachikwu Ibemenam.
Though the details of the agreement were not mentioned in a statement issued in Accra and copied The Ghanaian Times, it said the deal would see to the VRA gradually defraying the debt it owe the Nigerian firm to ensure reliable power situation in the country.
Signed by the Head of Public Affairs at the Power Ministry, Mr. Kweku Sersah-Johnson, it named the Power Minister Dr. Kwabena Donkor, the Finance Minister, Mr. Seth Terkper and Chief Executive Officer of the VRA Mr. Kirk Koffi, as representatives of the government of Ghana.
WAPCo and N-Gas were, however, represented by Mr. Walter Perez, Managing Director, and Mr. Bakare Babatunde, Chairman of the Board of N-Gas respectively.
The WAPCO last week threatened to cut gas supply to Ghana for owing it to the tune of US$182 million, a debt which has since seen a partial payment of US$ 9.5 million after the Power Minister Dr. Kwabena Donkor led a government delegation to the West African country.
Nigeria Gas and the WAPCO currently supply around 100 million cubic feet of gas daily to Ghana.
By Times Reporter