FOR IMMEDIATE RELEASE
March 25, 2011
MEDIA INQUIRIES:
Christine Campigotto | (703) 875-4357

USTDA CONTINUES SUPPORT FOR GHANA'S EFFORTS TO EXPAND ENERGY PRODUCTION

The grant was signed at the U.S. Embassy in Accra, Ghana by Mr. Inussah Fusseini, Deputy Minister of Energy for the Government of Ghana and Ms. Julie Furuta-Toy, Deputy Chief of Mission at the U.S. Embassy, for the U.S. GovernmentThe grant was signed at the U.S. Embassy in Accra, Ghana by Mr. Inussah Fusseini, Deputy Minister of Energy for the Government of Ghana and Ms. Julie Furuta-Toy, Deputy Chief of Mission at the U.S. Embassy, for the U.S. Government

ACCRA, GHANA – USTDA concludes a grant agreement with the Ghana Energy Commission to examine the development of a floating liquefied natural gas storage and regasification unit in Ghana. The grant was signed at the U.S. Embassy in Accra, Ghana by Mr. Inussah Fusseini, Deputy Minister of Energy for the Government of Ghana and Ms. Julie Furuta-Toy, Deputy Chief of Mission at the U.S. Embassy, for the U.S. Government.

This project is designed to help significantly reduce the fuel shortages and supply disruptions which are plaguing the Ghanaian energy sector. By helping to enable Ghana to import liquefied natural gas from the international market, maintain a buffer supply, and regasify the fuel at a significant cost savings over liquid fuels the project holds the potential to transform Ghana’s energy sector. The improved availability of gas will also reduce harmful emissions as power plants replace heavy fuel oil with more environmentally friendly gas.

The $691,000 grant will assist the Ghana Energy Commission in determining the cost effectiveness and technical viability of a ship-mounted liquefied natural gas import terminal, storage, and regasification unit. Additionally, it will examine the viability of the accompanying infrastructure, such as mooring and pipelines, required to transmit the gas to shore.

"We are very pleased to support a project that is so important to the Ghanaian people and such a high priority for the Government of Ghana," stated USTDA Director Leocadia I. Zak. "We are excited for the opportunity to involve U.S. businesses in the project."

The opportunity to conduct the USTDA-funded technical assistance will be competed on the Federal Business Opportunities (FBO) website. A link to the FBO announcement will be posted to USTDA’s website at www.ustda.gov. Interested U.S. firms should submit proposals according to the instructions in the FBO announcement. The Ghana Energy Commission will select the U.S. contractor that will complete the feasibility study.

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The U.S. Trade and Development Agency helps companies create U.S. jobs through the export of U.S. goods and services for priority development projects in emerging economies. USTDA links U.S. businesses to export opportunities by funding project planning activities, pilot projects, and reverse trade missions while creating sustainable infrastructure and economic growth in partner countries.

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