Audio By Carbonatix
The Social Security and National Insurance Trust (SSNIT) is now venturing into energy power generation.
The trust has already completed the construction of a 126 megawatt Thelma plant which is located in Tema.
Test runs have also been carried out over the past weeks for it to be connected to the national grid by the middle of this month.
SSNIT over the years has been investing in financial institutions, hospitality, housing and recently in the aviation industry.
Director General of SSNIT, Dr. Frank Odoom tells Joy Business this is part of strategies to grow the pension fund by exploring new areas.
He added that “We continuously look for areas and avenues to invest in and we believed that this is sector that we can explore.”
“You know in pension funds all that you need is a continuous cash flow to pay your benefits and we believed going this area will help us a lot.”
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
-
From Accra to the UK: The remarkable journey of Diana Hamilton
3 minutes -
China no longer Pentagon’s top security priority
6 minutes -
TikTok US venture to collect precise user location data
53 minutes -
Dr. Nyaho-Tamakloe blasts NPP’s top-down rebuilding strategy
1 hour -
UniMAC mourns student killed in hit-and-run near South Legon campus
2 hours -
Single company contracted by DVLA to produce number plates joins suit blocking introduction of new number plates as defendant
2 hours -
Bawumia tipped to win NPP primary with 57% – Global InfoAnalytics final poll
3 hours -
Manhunt for Gomoa Potsin herdsman after Kasoa election day gunman confesses
4 hours -
Achimota Retail Centre braces for Day 2 of ‘Joy At The Mall’ after Day 1 extravaganza
4 hours -
Joe Wise hopes for an NPP Chairman like the NDC’s Asiedu Nketiah
5 hours -
Joy Prime’s Prime Insight to dissect NPP peace pact and fuel price drop on Saturday
6 hours -
Harry says sacrifices by Nato troops in Afghanistan deserve ‘respect’
8 hours -
Vice President visits Sports Ministry to strengthen coordination, oversee 2026 plans
8 hours -
CHRAJ urges Ofori-Atta to return, assures intervention in case of unfair trial
8 hours -
Felicia Anthonio: A global voice shaping the future of digital rights and internet freedom
8 hours
