+27 71 448 3496
leon@whyafrica.co.za

Ghana expands gas infrastructure

Share Article
Genser Energy Ghana plans to construct a gas conditioning plant in Prestea, south of Ghana’s second largest city Kumasi. Image credit Wikimedia.Commons

Ghana expands gas infrastructure

Genser Energy Ghana Limited secured a USD425-million loan to develop a gas pipeline and associated gas processing facilities in Ghana.

Genser plans to construct a 105km natural gas pipeline to Ghana’s second largest city, Kumasi, a gas conditioning plant in Prestea, south of Kumasi, and a natural gas liquid (NGL) storage terminal at Takoradi Port

According to Nana Osae Nyampong, CEO of Genser Energy, the transaction will support the company’s transition strategy and at the same time contribute to the West African country’s climate change targets.

The availability of cheaper and readily accessible piped natural gas will assist Genser’s customers in the transition from imported trucked diesel and heavy fuel oil (HFO) to local natural gas alternatives – a low-carbon intensive fuel.

Improving energy efficiency

According to Genser Energy, this comparatively cheaper and cleaner energy source will support Ghana’s bid to relocate power plants from coastal regions to reduce line losses and improve the national grid’s energy efficiency. It further has the potential to position the country as a significant producer and exporter of natural gas Liquids (NGLs).

The funding comprises a USD325-million syndicated senior loan facility and a USD100-million mezzanine loan facility which will be used to refinance the company’s existing debt and support the next phase of its expansion.

Standard Bank South Africa and Stanbic Ghana acted as the debt arranger and coordinating bank for the syndicated loan, partnering with the Development Bank of South Africa, Absa, and Societe Generale in structuring the multi-tranched facility which provided Genser with the extended tenor required for a deal of this nature.

“We are committed to partnering with businesses and other relevant stakeholders to ensure we find the right energy solutions to improve and drive Africa’s growth.

“This transaction enables Genser to take gas from the upstream – that would otherwise be flared – and direct it back into the Ghanaian economy. The processed gas and associated hydrocarbons will be used as fuel to provide power to homes, to displace kerosene and other more carbon emitting fuels as energy sources and provide natural gas and liquids for the industrial sector. This is imperative to Ghana’s energy transition and climate change goals,” says Sydney Nii Ayitey Tetteh, Standard Bank’s Head of Power and Infrastructure Ghana, Client Coverage.

WhyAfrica reports about, and publishes newsletters, magazines and research reports about natural resources and the primary sectors of African economies, and the infrastructure, equipment and engineering methods needed to extract and utilise these resources in an efficient, responsible, sustainable, ethic and environmentally friendly way, so that it will benefit the people of Africa.

Furthermore, WhyAfrica promotes Africa as an investment and travel destination, analyses the continent’s business environment and investment opportunities, and reports on how the political economy of African countries affects its development.         

WhyAfrica provides you with business intelligence that matters. Africa is our business, and we want it to be yours too. To subscribe to WhyAfrica’s free newsletter or digital magazine, and for more news on Africa, visit the website at www.whyafrica.co.za or send a direct message. WhyAfrica launched its first ever digital magazine in November 2021.

The company will undertake its annual road trip through South Africa, Zimbabwe, Zambia, the DRC, Malawi, Tanzania and Kenya in 2023. If you are interested in sponsorship or advertising opportunities, please contact me at leon@whyafrica.co.za. We have a wide range of different packages and combo deals to give your company the greatest exposure to a rapidly growing, African readership.  

The 2022 Southern Africa Road trip issue of WhyAfrica’s magazine is now available in print. The magazine was distributed in South Africa, Namibia, Zambia, Zimbabwe, and Botswana during WhyAfrica’s 2022 Southern Africa Overland Road Trip, the company’s new and innovative platform. WhyAfrica has expanded its product range and now offers its readers, followers, advertisers, subscribers and partners the following:

  • Daily 24/7 online articles on WhyAfrica’s website (FREE)
  • Daily updates on WhyAfrica’s social media platforms (FREE)
  • Newsletters delivered to a handpicked audience every two weeks (FREE)
  • Two printed magazine per year distributed at large events and during our road trips across Africa featuring original, in-depth articles (FREE) with great, on-site photographs by the WhyAfrica team (FOR SALE UPON REQUEST)
  • Four digital magazines per year (FREE)
  • Live updates, video clips, articles, and podcasts during and after WhyAfrica’s annual road trips (Southern Africa in 2022, East Africa in 2023 and West Africa in 2024) (FREE)
  • Sponsorship and advertising opportunities for the annual WhyAfrica Overland Road Trips (PAID FOR)
  • A library where companies doing business in Africa can display scientific or research papers (PAID FOR)
  • A product section where companies doing business in Africa can display new offerings or services (PAID FOR)
  • Media partnerships with, and a presence at, most of the major conferences and exhibitions in the African mining, energy, agriculture, infrastructure, water management, ESG, environmental management, tourism, development, and conservation sectors (FREE)
  • WhyAfrica connects potential investors with new ventures in Africa and suppliers and service providers with existing companies in Africa (PAID FOR)
  • WhyAfrica assists companies in generating content focused on the wider African business community (PAID FOR)
  • Partnerships with companies doing business in Africa (PAID FOR)
  • Partnerships with companies thinking about expanding into Africa (PAID FOR)
  • In 2023 subscribers will have access to our in-depth articles about the African political economy, research, and country reports about the countries we visit on our road trips, and trends in the sectors that we cover (PAID FOR)
  • A WhyAfrica book is in the pipeline and if all goes according to plan, should be published towards the end of 2023 (PAID FOR)
  • The WhyAfrica consultancy arm assists and advises companies doing business in Africa through utilising our extensive global business network (PAID FOR)

Become part of the WhyAfrica community. Tell us your story. Expand your footprint across Africa and partner with us to make the most of your African experience.           

Share Article

Sectors

AgricultureEnvironmental Management & Climate ChangeEnergyESGInfrastructureMiningPolitical EconomyTourism and ConservationWater Management