07 Nov '12, 8pm

#Ghana is seeking investment of as much as $1 billion to develop renewable-energy resources over the next 8 years

#Ghana is seeking investment of as much as $1 billion to develop renewable-energy resources over the next 8 years

“Policies are in place to exploit the country’s energy potential in solar, biomass, wind, as well as mini-hydro,” Seth Mahu, deputy director at the ministry, said in an interview in the capital, Accra, on Nov. 2. “We are looking at both Ghanaian and non-Ghanaian private-sector operators partnering government to develop these resources.” Ghana, which has the second-biggest economy in West Africa, has experienced more than three months of electricity cuts after a natural-gas pipeline off the coast of Togo was damaged by a ship. The pipe supplies gas for power from Nigeria to Benin, Togo and Ghana and the outage is expected to continue until December, according to the West African Gas Pipeline Co. Growth in the $39 billion economy 2013 is forecast to slow to 7.8 percent from 8.2 percent this year, according to the International Monetary Fund. The renewable -energy investments...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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