The Chief Executive Officer of the Ghana National Gas Company, Dr George Ajah-Sipa Yankey, says the VRA is obliged to the Gas Company over 350 million dollars for the supply of incline gas for power generation in Ghana.

He said, as a result of VRA’s indebtedness it had unsuccessful to service the Chinese Development Bank loan facility as it secured for the Atuabo Gas Processing Plant construction.

However, he expressed optimism that if VRA exchanged its indebtedness, the Gas Company would pay the 1 billion dollars loan within a period of five years.

He said this in the Ellembelle District of the Western Region at Esiama, on the sidelines of the Nzema Excellence Awards, held over the weekend.

He urged people of Ghana Ghanaians in all disciplines of national development to work hard to make meaningful impact in the society.
A Non-Governmental Organization, DEQ Change Foundation organized the event for the institutions and individuals in the Nzemaland, who had contributed in diverse ways to bring development in the Western Region area.
GNGC CEO said that now Ghana Gas has resumed processing 85 million Standard Cubic Feet (SCF) of gas a day, but it behooves the VRA to take all the processed gas for power generation since production will be continuous.
The Ghana National Gas Company CEO said when Tullow Ghana had challenges with the steeple bearing on the Floating Production Storage Offloading facility; it decreased its revenue generation because it could not process condensate and liquefied petroleum gas for sale.

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