Tuesday, September 28, 2021
The newly-appointed board of the Volta River Authority has been mandated to convert all non-power businesses of the authority into stand-alone commercial ventures, as part of restructuring efforts commenced by government. The authority, by its creation, is involved in other businesses in non-power sectors such as health, education, hospitality and...
In spite of the vast opportunities available in the upstream oil and gas sector, local participation is very low due to high barriers of entry, a report by Ernst & Young (EY), Ghana, indicates. The report shows that local participation in areas like well drilling, engineering services, exploration and subsurface,...
Government intends to scale up the penetration of renewable energy in the system, with a plan to hit 300megawatts of solar by 2020. As part of the measures, the Bui Power Authority has completed expansion works on its switchyard to accommodate the injection of up to 250MW of grid solar...
The country’s desire to ensure universal electricity access by 2020 is likely to suffer a severe blow when ECG goes under private care, as the Millennium Challenge Corporation (MCC) wants further power expansion projects halted. A feasibility study conducted by the MCC, on behalf of government, as part of the...
A self-styled contractor of the Electricity Company of Ghana working around Oyarifa-Teiman in the Greater Accra Region is, in connivance with some opinion leaders of the area, charging residents between GH¢370 and GH¢490 under the pretext of providing them with ECG meters. The said contractor, whose name the B&FT could...
Trade and Industry Minister, Carlos Kingsley Ahenkorah, has indicated that government is considering various interventions in the energy sector that will make power more reliable and affordable, as it seeks to empower the private sector to create the much-needed jobs to drive the economy. “Very soon, if you want to...
The Public Utilities Workers Union (PUWU) has expressed their displeasure at the government for going ahead to renegotiate the new terms for the second compact of the Millennium Challenge Account (MCA) without first consulting them. According to the PUWU, consulting them could have given the government a greater perspective on...
The country has “not fared well” in electricity deals it has signed with private sector entities, President Nana Akufo-Addo has said, pledging to reverse the situation and ensure that the country is not shortchanged in such agreements. It should be possible for the private sector to make “a reasonable profit...
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