Ghana’s Minister for Energy, Dr. Matthew Opoku Prempeh, has charged the newly constituted Board of Directors of the Ghana Cylinder Manufacturing Company to work together in the interest of the company. This, he says would ensure that the company grows and becomes profitable.
Energy Minister indicts ECG management, past boards, others for sad state of company
Energy Minister, Dr. Mathew Opoku Prempeh says government has taken a firm decision not to enter into a take or pay agreement in the power sector, accusing the management of the Electricity Company of Ghana, past boards, among others for the sad state of company.
CIPDiB Congragulates Ing. Mark Awuah Baah As the New Chief Executive Officer
The Chamber of Independent Power Producers Distributors and Bulk Consumers extends its felicitations to ING. Mark AWUAH BAAH as the new Chief Executive Officer of GRIDCO. While congratulating ING. AWUAH BAAH, we wish to express our confidence in his ability, competence and managerial acumen to lead GRIDCO at this period...
Government Settles US$1bn Legacy Debts Owed BDCs
The government of Ghana has settled in full the US$1bn legacy debts the West African nation owed members of the Chamber of Bulk Oil Distributors (CBOD). The final payment of the legacy debt was made on 13th January, 2020. In all, a total of US$1.003 billion including interest has been...
Strengthening the power sector – a national priority.
1. Strengthening the power sector, particularly the electricity distribution sub-sector, was a key rationale for private sector participation in ECG. The technical and financial capability of the selected private sector partner would address the need for additional investment in the distribution system complementing the US$500 million that would be provided...
RE: “GOVERNMENT OF GHANA TO COMMENCE COLLABORATIVE CONSULTATION PROCESS WITH IPPs AND GAS PRODUCERS”.
PRESS STATEMENT RE: “GOVERNMENT OF GHANA TO COMMENCE COLLABORATIVE CONSULTATION PROCESS WITH IPPs AND GAS PRODUCERS”. The Press Release, by the Ministry of Finance on the 26th August 2019, on the subject “Government of Ghana to commence collaborative consultation process with IPPs and Gas Producers” refers.The Press Release, which was...
DANGER! ENERGY CRISES LOOM OVER GROWING POWER SECTOR DEBT!
CHAMBER OF INDEPENDENT POWER PRODUCERS, DISTRIBUTORS AND BULK CONSUMERS, GHANA (CIPDIB). DANGER! ENERGY CRISES LOOM OVER GROWING POWER SECTOR DEBT! 1. It would be recalled that the operations of the Electricity Company of Ghana (ECG] came under barrage of criticisms because of perceived inefficiencies which included but not limited to...