Ghana’s Energy Day at COP28 took center stage as the Ministry of Energy underscored the significance of the country’s Energy Transition Investment Plan (ETIP).
The plan, aiming to secure US$ 550 billion in capital investments, is designed to propel the expansion of renewable energy sources and the integration of nuclear energy into Ghana’s energy portfolio.
The funds will be allocated for the implementation of clean cooking solutions and low-carbon technologies like Carbon Capture Utilisation and Storage.
During the event, Minister of Energy, Dr. Matthew Opoku Prempeh, urged potential investors to collaborate with the Government of Ghana in realizing the goals outlined in the Energy Transition Framework.
The Minister emphasized that achieving the targeted capital would not only lead to universal access to affordable and reliable power by 2024 but also drive socio-economic development, create around 400,000 new jobs, and contribute to achieving net-zero emissions by 2060.
GOIL Upstream Ghana and Planet One Group Forge Strategic Agreements at COP28
On the sidelines of COP28, GOIL Upstream Ghana Limited and Planet One Group has officially sealed Farm-in and Joint Operating Agreements.
The agreements grant Planet One Group rights in the Deep-Water Cape Three Points Petroleum Agreement, pending approval from the Minister for Energy. Once sanctioned, these agreements have the potential to expedite the fulfillment of the contractor’s obligations under the Petroleum Agreement, unlocking the full hydrocarbon potential of the block.
This collaboration will also enable GOIL Upstream the opportunity to establish itself as a key player in exploration, contributing significantly to the development of Ghana’s hydrocarbon resources.
Dr. Matthew Opoku Prempeh reiterated the government’s commitment to the responsible exploitation of these resources, emphasizing a sustainable and environmentally-friendly approach rooted in transparency, accountability, and strategic policy direction for the benefit of the Republic of Ghana.
