Page 10 - DMEA Week 50 2022

DMEA PIPELINES DMEA

Following Russia’s invasion of Ukraine in Feb- natural gas, the new pipeline would enable the
ruary 2022, European policymakers have been continent to become a reliable supplier to the
seeking alternative sources of energy to replace EU. As such, the project has the potential to
Russian fossil fuel imports. reduce Europe’s dependence on Russian energy
As Africa possesses significant amounts of imports. ™

TERMINALS & TRANSPORT
Ghana’s president commissions $250mn

floating dry dock, oil and gas terminal

AFRICA GHANA’S president has broken ground on a drydock.
state-of-the-art floating dry dock and oil and gas President Nana Akufo-Addo noted at a
services terminal at the port of Takoradi in the December 8 ceremony that the modern oil and
Western Region, which will cost $137mn and gas terminal forms “part of the strategic devel-
$98mn to build in the first phase respectively. opment of the port of Takoradi, to service the
The floating dry dock, with local company emerging petroleum hub and accommodate oil
Prime Meridian Docks (PMD) as the client and and gas service providers,” as well as upstream
German engineering company Sellhorn as the exploration and production companies and
consultant, will be executed by China Harbour their suppliers for supply base activities.
Engineering Company (Ghana), or CHEC, in 18 The projects will also enhance the cargo-han-
months, the Ghanian Times reports. dling capacity of Ghana, and its ability to main-
The African Export-Import Bank (Afrex- tain and repair ships, he said.
imbank) in September approved senior debt The dry bulk terminal, Akufo-Addo said,
funding of $50mn for PMD as part of a $75mn “has been equipped with modern ship loaders
syndicated project finance facility for the project and eco-hoppers for the safety of both workers
to build and operate a world-class ship repair and members of the port community.”
and maintenance facility under a 25-year con- He also noted that the new ATS Container
cession granted by the Ghana Ports and Har- Terminal facility, a part of the multi-purpose
bours Authority (GPHA). terminal, will take care of both and import con-
The floating dry dock will serve to carry out tainers and conventional cargoes, adding that
maintenance works on vessels that otherwise operations are expected to begin in February
would be done in foreign facilities in Western 2023.
Africa, such as on the island of Gran Canaria. Apart from Afreximbank, other lenders
When completed, the project will include reportedly include the African Development
some 30,000 square metres of paved laydown Bank (AfDB) and UMB Bank, as well as its
area, a 200-metre jetty, and a newbuild 13,500- equity partners, ARM-Harith Infrastructure
tonne lift-capacity handy-max size floating Fund and Stratcon Capital. ™

Sign with rendering of new services terminal (Image: Facebook/@nakufoaddo)

P10 www. NEWSBASE .com Week 50 15•December•2022