The IES believes this will also defeat the immediate claims by the government of reducing the cost of power produced from the power barge.

The comments come on the back of government’s extension of the agreement with Karpower by ten more years.

The government is convinced that the extension is a good deal agreed on citing varied reasons.

However, the opposition NDC insists the extension is a mere indication of been vindicated.

The various players have been sharing their perspectives with Citi Business News on the extension which is expected to bring the cost of power per kilowatt hour down from 16 to 10 cents.

Click to listen to full audio report.

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By: Pius Amihere Eduku/citibusinessnews.com/Ghana

The post Karpower deal extension: IES warns of rise in power cost (Audio) appeared first on Citi 97.3 FM - Relevant Radio. Always.

The Corporate Communications Specialist of Karpowership Ghana, Miss Sandra Amarquaye, said the engagement was in line with the Company’s principle of having transparent, trustworthy and sustainable relationship with its stakeholders.

[contextly_sidebar id=”VFKMRqH0LguHYG3jEFNA99xktPGiag9m”]”The engagement is to ensure our new stakeholders understand our business and how we operate. At Karpowership, we value our relationship with our local stakeholders,” she said.

The stakeholder engagement sessions saw Karpowership Ghana interacting with the Sekondi and Essikado Traditional Councils, the Inshore Fishing Association, the Fish Traders and Processors Association, Fishmongers and the media.

Miss Amarquaye said Karpowership would deploy its 470MW Karadeniz Powership Osman Khan to the Sekondi Naval Base by the second half of this year, in line with government plans to ensure full utilisation of gas resources from the Western enclave of Ghana.

As a strategic partner, Karpowership is committed to Ghana’s development and would continue to provide all Ghanaians reliable, sustainable, and affordable electricity, she said.

Nana Kwesi Badu II, the Acting President of the Sekondi House of Chiefs, lauded Karpowership for the engagement.

He said: “Karpowership’s efforts at contributing to sustainable power supply in the country is well appreciated. In fact, Karpowership has done well by coming to our home to tell us about the Powership.

“We will tell the members of the community about the Powership and hope that you will keep us informed about all you do.”

Mr. Francis Eshuw, the Chairman of the Inshore Fishing Association, said they are happy that such an innovative project was being undertaken in their community, adding that the Association had been well informed of the operations of the Powership.

Since it began operations in Ghana, the company has engaged in some major projects that include providing bursary for brilliant but needy students, and providing storage water tanks to schools, hospitals, police stations and the fisher folk within the Tema Manhean Community.

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Source: GNA

The post Karpowership engages stakeholders at Sekondi-Takoradi appeared first on Citi 97.3 FM - Relevant Radio. Always.

The beneficiaries were selected across five different schools namely Manhean Presbyterian Primary A and B schools, Manhean TMA JHS 1 and 2 schools, and the Manhean Community Primary School.

[contextly_sidebar id=”hDO2jsowQCQtUFy4hN4PLE9QGgiyNilt”]Speaking at the presentation ceremony, Sandra Amarquaye, Communication Specialist for Karpowership Ghana, said the gesture was carried out as part of Karpowership’s objective of addressing the educational needs of students in its catchment area, while meeting the energy needs of the country.

“At Karpowership, we have adopted the culture of extending a hand to the communities in which we operate, and the field of education is one area we hold dear,” she said.

“Knowing fully well that some brilliant students quit school due to lack of resources, we have taken it upon ourselves to see to the education of such students.”

In 2016, Karpowership, in addition to offering the scholarship, distributed school supplies to about two thousand students of the Manhean Cluster of Schools.

The company also adopted the Manhean JHS Computer Laboratory and furnished it with 30 computers and everything needed to make a modern computer laboratory functional.

The Head teachers of the various schools expressed gratitude for the gesture. They explained that the beneficiaries of the bursary scheme are conscious of the opportunity given them, so they constantly put in effort to keep up their grades, in order to remain beneficiaries of the scheme.

“We are grateful for the stance Karpowership has taken on education,” said Mr. Ransford Nunoo, Headmaster of Manhean TMA JHS 1.

“Last year [2016], you helped our students, and some of them have graduated to the next cycle of their education. But for Karpowership, some students may not have gone through the academic year.”

Louis Ago Mensah, a parent of one of the beneficiaries also expressed her excitement about the work Karpowership has been doing in the community.

“Karpowership is really doing well in our community,” she said.

“I am happy that my son, and other children can be in school because of the scholarship. I pray that they continue to do this for the children because they are the future of the nation.”

Since the commencement of its operations in Ghana in 2015, Karpowership has been supporting the Tema community in the areas of education, health and economic empowerment.

The company says it remains committed to supplying sustainable and affordable electricity to Ghana.

About Karpowership

Karpowership is a member of Karadeniz Energy Group, Istanbul, Turkey. The group is a pioneer in innovative energy projects for the last 20 years, with investments in domestic and international markets.

The group started its energy investments in 1996, and is the first private electricity exporter in Turkey. Today, the group owns and operates more than 3,000 MW installed capacity globally.

Karpowership is the only owner, operator and builder of the first Powership (floating power plant) fleet in the world. Since 2010, 13 Powerships have been completed with total installed capacity exceeding 2,700 MW.

Additional 5,300 MW of Powerships are either under construction or in the pipeline.

Karpowership is a subsidiary of Karadeniz Holding, a sector pioneer in innovative energy projects for the last 20 years, playing an active role in medium to long-term investments in domestic and international markets.

Since it began operations in December, 2015, Karadeniz Powership Ayşegül Sultan, with an installed capacity of 235MW, has been supplying sustainable and affordable electricity to Ghana.
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By: citifmonline.com/Ghana

The post Tema Manhean: 102 students benefit from Karpowership support scheme appeared first on Citi 97.3 FM - Relevant Radio. Always.

The groups include the Tema Manhean Fishmongers and Smokers Association, Tema Manhean Fishermen Association and Canoe Owners Association. Also present at the forum were representatives from the Environmental Protection Agency (EPA) and a representative of the Tema Metropolitan Assembly (TMA) Awudom Assembly.

The engagement was organized in the bid to get the community more acquainted with the operations of Karpowership. It was also to provide a platform to discuss issues of mutual benefit for both Karpowership and the people in the Manhean community.

Speaking at the engagement, Sandra Amarquaye, Communication Specialist for Karpowership Ghana Limited, reiterated the commitment of the company to the affairs of its stakeholders.

“At Karpowership, we are very concerned about the wellbeing of the people in the communities we operate in that is why we constantly keep in touch through such fora,” she said.

Miss Amarquaye explained that, Karpowership would continue to adhere to all environmental standards regarding its operations.

She mentioned that the company would continue to supply sustainable, reliable and affordable electricity to the country, adding that Karpowership is committed in supplying the second ship before the end of this year.

Ms. Amarquaye stated that, since Karpowership’s entry into the Ghanaian energy market in 2015, the company has supported the Tema Manhean community through various corporate social initiatives.

“Our corporate social initiatives are in the areas of education, health and sanitation,” she said.

“In this regard, we have adopted and furnished the ICT Lab of Manhean Anglican JHS with 30 desktop computers. We have also distributed educational materials to the Manhean Cluster of Schools and provided bursary for about 100 bright but needy students at the Manhean Community.”

The participants of the forum lauded Karpowership for their continual engagement and support. The Secretary for the Tema Manhean Fishmongers and Smokers Association, Cynthia Comey, lauded Karpowership for consistently supporting and engaging the community.

Ms. Amarquaye assured the participants that Karpowership is committed to Ghana’s development and will continue providing all Ghanaians reliable, sustainable, and affordable electricity, and continue to invest in the community through its corporate social initiative projects.

About Karpowership

Karpowership is a subsidiary of Karadeniz Holding, a sector pioneer in innovative energy projects for the last 20 years, playing an active role in medium to long-term investments in domestic and international markets.

Since it began operations in 2015, Karadeniz Powership Ayşegül Sultan, with an installed capacity of 235MW, has been supplying sustainable, reliable and affordable electricity to Ghana.
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By: citifmonline.com/Ghana

The post Karpowership engages Tema Manhean fishing community appeared first on Citi 97.3 FM - Relevant Radio. Always.