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Ghana Gas assures Atuabo won’t shutdown over $2.5m debt

AtuabogasThe Atuabo gas processing plant will not be shut down on Friday over delays in raising the required funds to renew its insurance cover, that is the assurance coming from managers of the facility.

There have been concerns over delays in raising some $2.5 million to renew the company’s operating insurance policy, which could force it to suspend its operations.

Member of the Energy Committee of Parliament, William Owuraku Aidoo, who first raised the issue, told Joy News a possible shut down could result in parts of the country being plunged into darkness from Christmas day.

The MP said he has sighted documents by Ghana Gas to the Select Committee of Parliament over the issue.

However, Corporate Communications Manager at  Ghana Gas Company, Alfred Ogbamey, told Joy News the MP’s concerns are unfounded.

“We have never made such a presentation to the Select Committee of Parliament. We never told them that we are going to shutdown by 25th December based on our inability or challenges with the renewal of our insurance cover, because as I speak to you now our insurance cover is valid and remains valid throughout the whole year,” he said.

He said although there would be a need to renew the insurance cover by end of 2015, “plans are far ahead to ensure that payment is made by end of the year”.

Source: http://myjoyonline.com/business/2015/December-22nd/ghana-gas-assures-atuabo-wont-shutdown-over-25m-debt.php#sthash.q1GhDqnc.dpuf

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Reporting Oil and Gas project was launched on 4th June 2009atTakoradi, Western Region, Ghana by Penplusbytes (PPB – www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector
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