Ghana has secured €250 million to retool its entire electricity grid. The project will also cover the expansion of the system to prepare it for possible power evacuation to neighbouring countries. The Ghana Grid Company Limited (GRIDCo), which will implement the project, signed a memorandum of understanding (MoU) to that...
CIPDiB congratulates ECG on significant revenue collection
Mr. Elikplim Kwabla Apetorgbor, Chief Executive Officer, CIPDiB. The Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDiB) has congratulated the Electricity Company of Ghana (ECG) for its significant jump in their revenue collection last week. The ECG last week on its confidential recording sheet, collected GHC147 million as...
ECG records highest revenue despite challenges in takeover
The Electricity Company of Ghana, (ECG) despite a host of challenges since the return of its distribution services from PDS netted a record level revenue last week, according to reports. After recent changes at the top management level of the institution to further improve performance and consistency, revenue collection is...
President Akufo-Addo commissions first indigenous gas for Karpowership
President Nana Addo Dankwa Akufo-Addo has stated that the Government was committed to providing cheap and sustainable power to Ghanaians. He said the requisite energy partners have been brought onboard to provide the energy needs of the country. President Akufo-Addo said this when he formally turned on the valve for...
IPPs Worried Over GHS11 billion Power Sector Debts
Ghana’s power sector may collapse if the mounting debt is not addressed anytime soon. Information available to energynewsafrica.com indicates that the debts owed to independent power producers, who contribute 2500MW, have ballooned to GHS11billion within the last few weeks. The development, sources say is making it difficult for the IPPs to operate...
Workers of the Ghana Grid Company (GRIDCo) protest huge debts
Clad in red and black attires, the workers converged at the Black Star Square in Accra and marched to the Ministry of Finance and ECG. Get Digital Versions of Graphic Publications by downloading Graphic NewsPlus Here. Also available in the Google Play Store and Apple App Store The workers...
Govt must tread cautiously in PDS issue — Power producers
The Chamber of Independent Power Producers, Distribution Companies and Bulk Consumers (CIPDiB) has called on the government to tread cautiously before taking a decision to terminate the power agreement with Power Distribution Services (PDS) Limited or review take-or-pay power purchase agreements to avoid litigation that could prove costly to the...