The West African Gas Pipeline Company (WAPCO) may record a gross loss of US$2.4bn within four months if the damaged pipeline remains unrepaired by the end of January 2013
WAPCO managing director Charles Adeniji revealed this during a media briefing on the damaged pipeline.
WAPCO's gas pipeline was breached in August resulting in truncating supplies to Ghana's power plants. The pipeline was shut down that month after experiencing a loss of pressure around the Lome segment of the facility. The incident had resulted in a daily loss of between US$500,000 to US$600,000 to the company.
The company has faced serious challenge trying to fix the pipeline, which has resulted in power outages in some parts of Ghana due to the shortage of gas to many power plants.
Ghanaian President John Dramane Mahama, during his visit to Nigeria recently, had appealed to Nigerian President Goodluck Jonathan to expedite action on the resuscitation of the West African gas pipeline to ensure Ghana has access to a regular power supply.
