We Continuously Seek New Opportunities to Utilize our Trading Skills and Expertise
We therefore partner key projects with the aim of increasing our trading volumes in all the markets we operate in. Some of the key projects we are currently partnering include;
Sage to Supply LPG for the Bridge Power Project
The Bridge Power Project (Bridge Power), is a greenfield development project in Ghana for the rapid deployment of a 400 MW (net at site conditions) generation facility to be fueled initially by liquid petroleum gas (LPG) with diesel as backup fuel
The Project will run on imported LPG as the primary fuel and Diesel as a secondary fuel. It is estimated that by year 5 of operation Natural gas will be available for the project and this will then become the primary fuel with LPG left in place as a secondary fuel
As part of this project, Sage, through its associated companies, will build storage spheres and construct a pipeline from the Tema Jetty to connect to the existing LPG storage and transportation infrastructure at the Tema Oil Refinery (TOR). This will ensure that in addition to supplying LPG to fuel the Power Plant, Sage will also be in the position to supply LPG to the local market.
Sage to provide management and logistics for importation and storage of LNG for the Ghana 1000 project
One Energy is the Ghanaian entity owned by Ghana 1000 Project Sponsors, Sage Petroleum, General Electric (GE), Endeavor Energy and Eranove.
Ghana 1000 Project is an initiative to develop, construct and operate over 1000 MW of gas generated power in Aboadze, Takoradi. The Project will also provide a source of gas to the area, imported from an off-shore Liquefied Natural Gas (LNG), Floating Storage and Regasification Unit (FRSU).
Ghana 1000 marks an important step towards providing a reliable, future gas and power supply for Ghana’s industries and households. Ghana 1000 will be a transformational project for the Ghanaian power market and economy, as it will add much needed generation capacity and diversify the country’s current fuel mix through secure, lower-cost LNG supply.
An integral part of the project will be the importation of LNG to use as a dedicated fuel source for the project. Sage Petroleum will provide the management and logistics for the importation and storage of the LNG to power the plants
This phase of the project is expected to be implemented before 2019. The combined completion of all these phases will generate in excess of 1,100 MW of power
As part of our growth drive in West Africa, Sage is currently in advanced discussions with a customer in Burkina Faso for the supply of HFO to fuel their Power Plants. In addition to this Sage is actively working at creating a hub in Ghana to supply inland countries HFO to fuel their Power Generation Plants.
Sage is presently exploring the possibility of using condensates as the base fuel for Power Plants. We are in active discussion with both suppliers and Power Plants on this project.