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Revealed! $800M energy sector fraud in the pipeline

September 26, 2024
in Headline, News
Revealed! $800M energy sector fraud in the pipeline

John-Jinapor

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Ranking Member of the Energy Committee of Parliament, John Jinapor has alleged the Presidency is mounting pressure on the Ghana Gas Company to sign a $800M contract with the Phoenix Park Gas Processors Consortium under questionable circumstances.

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According to John Jinapor, this contract has not received parliamentary approval.

“Because of such dubious contracts, as we speak, there is load shedding ongoing. GRIDCo has been cautioned not to inform customers. On [September 24], there was a deficit of more than 500 megawatts. On [September 25], they are going to shed a load and customers in Ghana will be affected.

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“Tullow Ghana has not been paid even $1 for the past nine months for gas supplied to Ghana Gas and Tullow is threatening to curtail supply of gas.

“The IPPs have just dispatched a letter to the Minister of Finance intending to halt the supply of power for debt and liabilities hovering around $1.2 billion. Sadly, the energy sector is collapsing.”

He raised concerns over the resurgence of loading shedding in the country, attributing it to these dubious contracts the government signs through Ghana Gas.

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