Goldfields Lauds Genser  Energy For Providing Mines With Sustainable Power 

Goldfields Ghana Limited has lauded Genser Energy, a leading energy company in Ghana, for providing mining companies in the country with adequate, reliable and uninterrupted power supply. 

The local company, builds, own and operate distributed generation installations, and natural gas distribution infrastructure, while selling power and natural gas to mines, industries and utilities.

Addressing participants at  this year's two day suppliers conference held at Tarkwa in Western Region on Monday, head of supply chain at Goldfields, Theophilus Otchere,  underscored the importance of partnerships in the mining industry.

Later in an interview with journalists, on the side line of the conference, he touched primarily on why local contractors must study and understand the level of transparency and fairness involved in the tendering process and award of contracts for suppliers. 

For more than 15 years, Genser Energy has not only played a crucial role in the energy sector as an Independent Power Producer (IPP) but has offered meaningful respite for the country's mining industry in terms of energy supply 

Through strategic partnerships with the mining firms in the country,  they (companies) constantly receive power supply from Genser Energy to power their plants for production 

Theophilus Otchere, lauded Genser Energy for setting  higher standards in the mining industry for other local companies to emulate and believe in themselves.

He said the shining example of Genser Energy must draw other local firms closer to total quality management and performance. 

"For us, Genser being a strategic partner,  we call them a life of mine relationship. Life of mine means that, in as much as we exists as a mine, and doing our business,  that is a critical component  to what we do, that we can't take out,  so Genser is going to go the long hall with us"

Describing the years of strive made by the Ghanaian firm, Mr. Theophilus Okyere, revealed that "about ninety (90) % of our power consumption comes from what Genser is doing. And with Genser, we have a Purchase Power Agreement (PPA) with them (Genser). 

They are generating power, using natural gas on site,  so we are not on the national grid. We can start up the mills here at about 40 megawatts of power, using the Genser plant, and this is a local company that we started walking the journey with.

Today, we are proud that, yes, Genser is able to transport gas all the way from Atuabo to Tarkwa and to Damang to enable us generate our own power on site

Since 2018, Genser Energy has constructed a total of 430km of natural gas pipelines. By closely collaborating with Ghanaian regulatory bodies, mining firms and other related establishments.

Mr. Theophilus Otchere said as Ghana continues to prioritize private sector, Goldfields believes their working relationship with various local companies,  engagement with reliable firms, among others, continues to shape their ambitious targets while they uphold good governance practices at all times 

For him, it is expected that more local companies would be motivated to go on this positive direction and do something in the country, knowing that they would bring further socio-economic developments and prosperity to the nation.

In line with this, he emphasized that there ought to be synergies and collaborative effort to cement existing relationship between Goldfields and  private sector players in the country.

He said they are all contributing significantly to the national economy, and would undoubtedly play a justifiable role in shaping Ghana’s sustainable development journey.