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News Review for Thursday: US$2billion for solar projects in Africa

  • SOURCE: | qwesa2big
  • Thursday was ushered with some headline news. Graphic online reported ‘TOR seeks strategic investor to build modern refinery. According to the online portal,the Tema Oil Refinery (TOR) is seeking strategic partners to help build a greenfield facility to refine 100,000 barrels of oil per day, as against its current capacity of 45,000 barrels.

    Also on Citifmonline, the business page reported ‘Ghana’s petroleum revenue hits all-time-low in 2016’.  Ghana received a little over $247.18 million in 2016 from oil revenue, the lowest amount since Ghana began commercial production of oil in 2011. In 2011, when commercial production commenced, the country received $444.12 million in 2012 and $ 541.62 million and $846.77 million in 2013 and 2014 respectively.

    Furthermore, the Business and Financial times online disclosed ‘Gov’t to access US$2bn Indian energy credit facility’. The Government of India, through its External Affairs Ministry, has set aside the US$2billion for solar projects in Africa out of its US$10billion concessional Line of Credit for the continent.

    In other related news, the state print media Daily Graphic also reported the following;

    1. Flagstaff House, Parliament to go solar on Page 16
    2. KTU graduates third artisanal group Page 23
    3. TOR seeks strategic investor Page 25


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