PIAC touts GNPCs prowess as key energy provider [Video]

The Public Interest and Accountability Committee (PIAC) has called for the review of the laws of the Ghana National Petroleum Corporation (GNPC) to allow the National Oil Company (NOC) venture into the provision of integrated energy solutions. 

In its second Issue Paper titled: “The Role of GNPC in the Upstream Petroleum Industry: Challenges and Prospects”, PIAC said the review of the almost 40-year-old Provisional National Defence Council Law (PNDCL) 64 was necessary for GNPC to diversify and mitigate the existential threat the energy transition agenda poses to NOCs.  

According to PIAC, GNPC could leverage its existing capabilities and resources, such as engineering and project management skills, access to capital, as well as land and infrastructure assets to engage in electricity generation and distribution, energy efficiency and management as well as energy trading and marketing.  

Furthermore, it could expand into renewable energy, such as solar, wind, hydro, and biofuels, as well …