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Gold Fields Ghana Limited has praised 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, owns, and operates 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 in Tarkwa, Western Region, on Monday, the head of the Supply Chain at Gold Fields, Theophilus Otchere, underscored the importance of partnerships in the mining industry.
In an interview with journalists on the sidelines of the conference, he focused 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 also offered meaningful relief for the country's mining industry in terms of energy supply.
Through strategic partnerships with the mining firms in the country, they constantly receive power supply from Genser Energy to power their plants for production.
Theophilus Otchere praised 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 is a strategic partner. We call it a life-of-mine relationship. Life of mine means that, as long as we exist as a mine and are doing our business, that is a critical component to what we do, and we cannot take it out. So, Genser is going to go the long haul with us."
Describing the years of progress made by the Ghanaian firm, Mr. Theophilus Okyere revealed that about 90% of their power consumption comes from what Genser is doing. They have a Purchase Power Agreement (PPA) with 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 430 kilometers of natural gas pipelines. They have closely collaborated with Ghanaian regulatory bodies, mining firms, and other related establishments.
Mr. Theophilus Otchere said that as Ghana continues to prioritize the private sector, Gold Fields believes that their working relationship with various local companies and engagement with reliable firms, among others, continue to shape their ambitious targets, while they uphold good governance practices at all times.
He expects that more local companies will be motivated to go in this positive direction, knowing that they will bring further socio-economic development and prosperity to the nation.
In line with this, he emphasized that there should be synergies and collaborative efforts to cement existing relationships between Gold Fields and private sector players in the country.
He said they are all contributing significantly to the national economy and will undoubtedly play a justifiable role in shaping Ghana's sustainable development journey.
