The cost of a 50 percent waiver for electricity consumers for three months due to the impact of COVID-19 will cost the Electricity Company of Ghana some GH¢732million, the Minister of Energy, John Peter Amewu, has revealed. Apart from the ECG, the Volta River Authority (VRA) and Northern Electricity Distribution...
Electricity Bills Waiver Spells Doom for Debt Ridden Power Sector
Government’s decision to take up 50 percent of electricity bills for residential, commercial and industrial users and free electricity for the poor for the next three months, according to energy and power experts, could be the final nail in the coffin of a debt-stricken sector hanging by a thread. According...
B5- PLUS LIMITED REACH OUT TO POOR FAMILIES
Tema-based steel manufacturer, B5 Plus a member of CIPDiB, has reached out to the poor in Tsopoli, Kpone, Ningo -Prampram, Larpleku and Dawhenya with donations of food parcels to 700 hundred families. According to the Chairman of B5 Plus, Mukesh Thakwani, the company is well aware the COVID-19 pandemic is...
SUNON ASOGLI POWER GHANA LTD SUPPORTS KKMA, KTC TO FIGHT COVID-19
Ghana’s largest independent power producer, Sunon Asogli Power Ghana (GH) Ltd, has donated 400 gallons of disinfectant (bactericide) to the Kpone Katamanso Municipal Assembly and the Kpone Traditional Council. The donation which formed part of the company’s corporate social responsibility is to enable them to prevent the spread of the novel...
Use US$2bn Energy Fund to finance capacity charges – CIPDiB to Government
It will be more prudent to use the mooted US$2billion Energy Sector Fund to finance capacity charges rather than re-financing the existing debt of Independent Power Producers (IPPS), the Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDiB–Ghana) has said. The Chamber wants the Fund to be used for...
COPEC demands reduction in fuel prices as global crude prices drop again
The Chamber of Petroleum Consumers, COPEC, wants Oil Marketing Companies (OMCs) in the country to reduce their ex-pump prices for consumers to reflect the sustained decline in the global crude oil prices. According to COPEC, consumers could be benefitting from a reduction of between 10%-32% compared to the 2% that...
IWD 2020: Minority Leader Hails KadijaAmoah’s Appointment As Country Manager Of Aker Energy
Ghana’s Minority Leader in Parliament, HarunaIddrisu has hailed the appointment of KadijahAmoah as the Country Manager of Aker Energy Ghana. Madam KadijahAmoah was appointed in February this year to succeed Jan HelgeSkogen after the company restructured its leadership. MrsAmoah, a Ghanaian citizen, is a lawyer by training and holds degrees...