Ghana to face power rationing: report
Ghana Gridco is owed money by ECG, Volta Aluminium Company, Volta River Authority, Great Consolidated Mines, Asogli Thermal Station, Ameri Power Plant, Nedcoo, Bui Power Plant and Karpowership, according to IES. ECG alone owed GHS 957 million (USD 202 million) in August but has since reduced this to GHS 253 million (USD 53.3 million).
The think tank added that inefficiencies in the network mean that already there are power losses of over 8%, Yen news agency reported.
“Knowing very well that Gridco has power challenges in terms of their outdated and inefficient distribution equipment, they will require enough funds to retool themselves and make their system of distribution more efficient,” IES executive director Anamua Sakyi said.
Recent Posts
Touchstone acquires Trinidad E&P player Trinity
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
SLB OneSubsea, Subsea7 sign long-term deal with Equinor
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More
Presight AI takes 49% stake in ADNOC energy AI player
Presight has acquired a 51% shareholding in AIQ, an energy-focused AI player founded by ADNOC and G42, the companies announced… Read More
Wood wins TotalEnergies North Sea flare recovery work
UK engineering contractor Wood has been awarded a decarbonisation project by TotalEnergies to support flare gas recovery in the North… Read More