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Company News of Thursday, April 4, 2019
Source: citinewsroom.com
2019-04-04
Dr. Mahamudu Bawumia
The Vice President, Mr. Mahamudu Bawumia, lamented the inability of the Ghana Grid Company Limited (GRIDCo) to operate optimally in the country.
It indicates that the company is experiencing transmission problems due to obsolete distribution equipment.
Explaining the recent power cuts at a public session on Wednesday, Bawumia insisted that Ghana was producing enough electricity, but GRIDCO, the electricity distribution company, could not not distribute it because of its old systems.
"Even though we do not have power generation capacity issues, we have transmission problems. The GRIDCO network is old and has not been able to invest in high capacity lines due to financial difficulties. "
Bawumia also revealed that the country is currently paying $ 24 million a month for unused electricity under the agreement with Independent Power Producers.
He said that there were fears that this amount could double this year.
"The energy sector is the key to industrialization. We have inherited many challenges in the sector, but they are being solved. Ghana has excess capacity for energy production, but contracts for many of these PPIs are expensive and expensive. Most of these contracts are "take or pay" agreements. This means that even if we do not need food, we still have to pay for it. Ghana currently pays $ 24 million a month in excess capacity charges only for energy that we have not used. This amount will rise to about $ 41 million a month later this year, with the arrival of CEN Power, Early Power and Amandi. "
Amewu excuses Ghanaians for loss of consciousness
Energy Minister John Peter Amewu apologized to Ghanaians for the recent power outages in parts of the country.
Although the minister does not admit that the breakdowns indicate the return of the most formidable "dumsor", he said the plans are well advanced to solve the energy problems facing the country.
Mr Amewu badured citizens of the relief by stating that the electricity situation would be normalized as soon as possible.
"First of all, we want to apologize to Ghanaians for this intermittent offer. We have never returned to the era of constant and persistent lack of supply. We are at a time when we have installed capacity available, but what we need to do is turn that installed capacity into availability. We learn from our experience, so we are sorry, Ghanaians. This short period is just intermittent. I promise you that from April 12 you will continue to use your power in a sustainable way. "
Dumsor era?
The Ministry of Energy insisted that the recent challenges had nothing to do with financial problems or mismanagement.
The minority said the government had re-established the country in an era of shedding commonly known as "Dumsor", a claim that the Minister of Energy rejected.
Amewu promised that the government had put in place the necessary measures to solve the problem within 12 days.
In light of recent challenges, the African Center for Energy Policies (ACEP) has asked the government to publish a load shed schedule for the country.
According to CAPE's badysis, the current energy situation is similar to the beginning of the energy crisis that hit the country about four years ago.
The Ghana Gas Company had ensured that the power supply would be stabilized within two weeks.
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