Boaz Lavi, managing director of Sienna Services, talks to The Energy Year about challenges and opportunities in Ghana’s gas and power generation sectors and the possibilities for financing energy projects in the market. Sienna Services is an EPC company that works in the country’s power generation sector.
What upcoming projects can companies take advantage of in the power generation sector?
There is a lot of potential in infrastructure projects such as transmission lines and gas pipelines. The need for additional lines and pipes to support the growing system is there. The current legal structure is being put in place to allow for the private sector to participate and in some cases even own the assets.
How difficult is it to gain financing for energy projects in Ghana?
Ghana has come far in the last 10 years in involving the private sector in the energy industry. Although we still have some way to go to clear all hurdles, the current market structure is private sector friendly.
The interest from financial institutions, both local and international, is there. In my opinion, if one is looking to participate in the market, the main question today is where is the need. My personal belief is that the need has shifted in the last decade from the generation area to the supporting infrastructure area.
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