Ghana Gas Senior Staff Association (GGSSA) has again pointed out some discrepancies in the Genser deal and stressed the risks involved for the country and the country’s energy sector.
According to the Association the deal has huge National Security implications as Genser can decide to go ahead with activities that will result in curtailment of gas supply thereby compromising power generation and supply.
They also averred that Genser in the long term will decide where to channel their processed gas for private gain just as they are currently operating in the mining areas which has significantly reduced VRA, ECG and GridCo customer base thereby reducing jobs and revenues for state energy companies.
“Investigations has even shown Genser done Community sensitization all the way to Burkina Faso instead of companies been set up to create jobs for Ghanaians like what Ghana Gas has with Twyford, Wanganui Sentuo etc but now Genser eventually leading us to Burkina Faso.”
The Association indicated that the Minister for Energy, having earlier granted Genser approval to construct a gas pipeline to Kumasi will plunge the country into huge energy crisis if a private entity owns both a gas processing plant and transmission pipelines.
To this, the Association stressed that the situation will hand over the energy value chain primary source to an unaccountable company putting the security of the country at risk.
They also stated that current windfall of 50% of local LPG market share supply which will be stifled as there is no limitation to its domain usage, complex Power obligation contracts with mining companies both in country and beyond Ghana borders, will require greater proportion of indigenous gas commodity supply at the expense of Ghana non-power sector development and existing local power production and that government control intervention on commodity price hikes will be impaired.
There will also be Systemic Loss accounting, as Gas price volatility as a primary commodity will be a direct pass through cost to consumers, without any leverage on government asset price component build up, Electricity Transmission losses accounting will not be evenly distributed and beyond indigenous gas supply, in the medium term, LNG import dynamics will require Genser Great input as determinant.
The Association also listed imbalances in infrastructure development and Network operational risk as some of the risks that are associated with the deal which make it imperative for government not to think of endorsing the Genser deal.
The Staff Association also thanked the Presidency for his indigenisation drive which started with him indigenising the Company whiles saving the nation over $2.8M a month and also providing direct and indirect jobs to over thousand two Ghanaians whiles providing Corporate Social Responsibility assistance in the health, education, less privileged community sectors.
The workers also stated that they expected the same vision to continue in his 2022 State of the Nation address where the President stated that Ghana Gas will be a second gas plant to support the current gas plant and also serve as a redundancy.
