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State-owned oil refinery Tema Oil Refinery (TOR), is expected to resume full-scale operations from June next year.
TOR, largely due to financial challenges has been dormant for a while now, but new information from deep throat sources indicate that the refinery is making significant changes to start full operations from the second quarter of next year.
The revelation of TOR wanting to start full-scale operations is coming after power was restored to the facility by the Electricity Company of Ghana [ECG] on Tuesday after it was cut briefly.
A task force from the ECG yesterday cut the electricity supply to TOR for its failure to pay its bills.
According to the power distributor, TOR’s current debt which is about GHS 27 million, necessitated the action.
ECG said it has been working tirelessly to retrieve its debts and won’t take any excuses.
“We’ve pursued them [TOR] for some time to pay the bill, but unfortunately, all our things are not yielding, so we were compelled to cut the lines,” Shadrack, the leader of the task force, said.
According to him, ECG will only restore supply when the state refinery settles at least 30% of its debt.
Soouce: Norvanreport
