Ghana Gas Senior Staff Association rejects “confidential” report on Genser deal addressed to Speaker Bagbin

The Ghana Gas Senior Staff Association (GGSSA) has expressed its rejection of a report addressed to the Speaker of Parliament and dated August 16, 2023. The report, classified as confidential, has been circulating in the media. The GGSSA has raised concerns over the analysis of critical issues presented in the report, particularly regarding the Genser deal, and has called for a Parliamentary probe.

In a statement, the GGSSA pointed out several discrepancies and concerns with the report as follows:

• The summary of Energy Commission testimony was omitted from the report, even though it was referenced under clause 7.3.
• There is a discrepancy between the submission captured under clause 7.4 and the testimony summary under clause 5.1.8, regarding the cost of gas.
• The delivery point of gas to Genser under the February 24, 2020 Gas Sales Agreement (GSA) was highlighted, along with the need for GNPC to buy pipeline capacity. The GGSSA emphasized that Genser is the only entity in contract with mining companies at off-take points, not GNPC.
• The GGSSA disagreed with the justification for buying pipeline capacity for the Ameri plant load, highlighting pipeline hydraulics and potential surcharges by Genser.
• The association expressed skepticism about the perceived potential gain of the deal and the lack of comprehensive calculations and analysis.
• Disagreement was expressed with the suggestion that Twyford and Wangkangs do not pay gas transportation costs.
• The GGSSA challenged the assertion regarding Genser’s projected O&M costs and questioned the reported 245 million USD attributed to Ghana Gas over 15 years.

The GGSSA emphasized its commitment to protecting Ghana’s interests and questioned the privatization of gas transmission pipelines, which it views as a national security asset. The association called for the engagement of global industry experts to address the complex situation and guide the energy sector moving forward.

The GGSSA’s statement underscores the ongoing debate surrounding the Genser deal and highlights the need for thorough analysis and transparency in energy sector transactions.

Read details of statement below:

Source: Norvanreports