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The Ghana Grid Company (GRIDCo) loses 280 million Cedis due to the recent reduction of the electricity tariff by the Public Utility Regulatory Commission. Mr. Jonathan Amoako-Baah, CEO of GRIDCo, who revealed this, said the loss of revenue could affect the company's actual operations.
million. Amoako-Baah, said Wednesday at a media event in Tema as part of activities to mark the company's 10 years of business activity. He explained that the amount could be used for issues of operation and maintenance, payment of benefits, loan service, among others.
"Even though tariff reduction is important for customers, it has a negative effect on our operations," he said. He therefore appealed to the Public Utilities Regulation Commission (PURC) to bring back the company where his income was.
The CEO of GRIDCo added that "if PURC does not increase our transportation costs, they should at least take us back to where we had to let ourselves work efficiently". He added that the money that was owed to them by companies, including the Ghana Electricity Company (ECG), was also damaging to their operations.
According to him, they wrote to the companies to inform them to regularize or to disconnect. He said however that even though ECG consumes about 70% of the electricity produced and owes GRIDCo 90 million Cedis, disconnecting the national grid was not an option as it would affect customer consumption.
had registered and obtained a license to operate Ghana Grid Telecommunications Limited and hoped that it would be fully operational in the next two years.
million. Mark Baah, Director of Systems Operations, in a presentation, said that GRIDCo began operations on August 1st. 2008 after being separated from the Volta Authority (VRA) with the intention of developing and promoting competition in the wholesale market of electricity in Ghana.
million. Baah added that he had inherited 43 substations and approximately 4000 km of lines had to number 68, with more than 5,000 km of transmission lines. He added that he was currently using a more modern network through general improvements such as the installation of capacitor and capacitor banks SVC, the control center of the national system and fiber optic capacity [19659009]. the Greater Accra region at Aburi Gardens in the East region on July 21, a blood donation exercise and a durbar. Some students from some schools in Metropolitan Tema and Accra also attended an open house where company officials took them as part of its operations.
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