Business News of 2014-03-08

Atuabo Gas Processing Plant to be ready this month

The Gas Processing Plant at Atuabo which started in the last quarter of 2011, is to be completed by March 31, this year, Mr Emmanuel Armah-Kofi Buah, Minister of Energy and Petroleum, said on Friday.

He was speaking to the media after a meeting of the Task Force set up to see to the early completion of the project at Atuabo. Mr Seth Tepker, Minister of Finance, Mr Fiifi Kwatey, Minister at the Presidency and Mr Charles Darkey, Managing Director of Tullow Ghana, also attended the meeting.

The gas processing plant project, estimated at 750 million dollars, is being undertaken by Sinopec Incorporated.

Mr Buah said work on the project had progressed impressively since the last meeting of the Task Force and “we are sure the project would be completed before the March 31 deadline”.

He said the plant would start operating immediately after its completion because tests would be carried out on the pipes to find out whether there were leaks.

Mr Buah said the plant would start production in June or July this year. Mr George Sipa Yankey, Chief Executive Officer of Ghana Gas Company, said equipment for the project that were not already in use would be airlifted to meet the completion deadline.

Source: GNA
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