
Audio By Carbonatix
The Electricity Company of Ghana, ECG would need not less than 700 million dollars to deal with the ongoing load-shedding and frequent power-cuts.The ECG has announced the many more areas are to be affected by the ongoing load-shedding exercise after a planned review of the exercise today.
ECG says the investment is needed to upgrade its systems to the highest operational standard for a more effective power supply in the country.Director of Operations, Tetteh Okine spoke with JOY BUSINESS making particular reference to what he says are investment estimates established a couple of years ago by the company.
“When we did an estimate about three years ago, we needed some 1.2 billion dollars and so far we’ve had around 500 million dollars. The figure must have even increased because on year to year basis Ghana’s consumption is rising between 10 and 13 percent a year and that’s very high in the industry”.He added that for guaranteed effective power-supply in the country, it is critical investments are also made in the operations of other key-stakeholders such as the VRA.
“Within all the different tiers of the power supply there are different problems at different stages. Its a mixture of all of them because we have our problems and so do our sister companies also have their problems. So as for the investments, all the three utilities need huge investments. If we had all that investments and plans in place we wouldn’t be going through this problem” he concluded.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Searching for a Ghost in Toronto: When political outrage runs out of idea
17 minutes -
Africans must go… But to where?
30 minutes -
SIMS executive urges community banks, fintechs to partner for deeper financial inclusion
47 minutes -
NPP beats NDC with 49% support in new APL national vote tracker
50 minutes -
Business incubators as a de-Risking tool for SME financing in Ghana
52 minutes -
Why Ghana can’t ignore plastic pollution and marine litter: A World Ocean Day reflection
59 minutes -
Ghana’s economy set for 5.9-6.1% growth in 2026 despite Middle East tensions – Standard Bank Research
1 hour -
Kennedy Agyapong’s statements undermine NPP’s good name – Ahiagbah
1 hour -
I will not rest until Bawumia becomes Ghana’s President in 2028 – Wontumi
1 hour -
Ignore the distractions – Sammi Awuku urges Bawumia
1 hour -
NCPTA backs GES ban on extravagant graduation ceremonies in basic schools
1 hour -
Bibiani NPP coordinators demand resignation of Western North Regional Chairman over mass disqualification
2 hours -
UTAG gives government June 30 deadline to resolve welfare issues or face strike
2 hours -
Ghana’s non-traditional exports exceed $5bn mark
2 hours -
Stanbic Bank rewards FIFA World Cup winners and launches new Visa local card usage initiative
2 hours