Speaking at a media engage­ment in Takoradi on Thursday, she assured that the company, with an installed capacity of 470 megawatts of power, would continue to provide an efficient, reliable power supply to the country.

She said Karpowership had undertaken an off-take of Ghana’s indigenous natural gas to meet government’s commercial obligations, and also pre-financed the construction of the transmis­sion lines costing $8 million.

Additionally, Karpowership had invested $3 million on site preparation, hiring of sub- con­tractors for daily operations.

Ms Hazel told journalists that Karpowership Ghana signed a Power Purchase (PPA) agreement with Electricity Company of Ghana in June 2014 to supply a total of 470MW of power to the national grid.

Karpowership was relocated in August, 2019 to the western naval enclave to utilise Ghana’s indige­nous natural gas.

She continued, “Karpower­ship is a floating plant, either for self propelled or barge-mounted operated on both natural gas Liq­uefied Natural Gas (LNG) and heavy fuel oil to provide the most competitive electricity in three to six months.”

Karpowership, the project manager stated, operated in 15 countries in three continents, providing diversified high growth unique power generation enter­prise based on Floating Storage Regasification Unit.

In Ghana, she reported Kar­powership provided 23 per cent of the country’s energy needs with installed capacity of 470MW, stressing “Ghana is a replica of sub- regional presence.”

For example, countries like the Gambia, Sierra Leone, Guinea Conakry, Guinea Bissau, Senegal and Ivory Coast now used Karpower partnerships, some even up to 100 per cent, Ms Hazel said.

“Senegal is dominantly using renewable power such as the solar power and able to provide frequency stability for their grid. In Sierra Leone, they’re talking about the Karpowership and rely on the Independent Power Producers to keep the sector in check,” she revealed.

She argued some redundan­cies in the power sector would be curbed with the involvement of private sector “to ensure that there’s some efficiency, productiv­ity and regular supply of renew­able power”.

Ms Hazel added, “Electricity is the backbone of the country and with Karpowership, we could save livelihoods and the econo­my. It’s already a revolutionary technology that has been done anywhere in the world.”