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    Ghana’s total exports decline by 9%

    Cedi depreciates against the dollar by 22.5%

    Financial sector withstood 2022 shocks; positive signs ahead – BoG

    Water shortage to hit parts of Accra; businesses to be affected

    Excise tax amendment shows positive signs; rakes in GHS 140m 

    Ghana records over $200m trade surplus in two months

    Public debt hits GHS 575.5 billion; now 71.9% of GDP

    GEPA poised to achieve over $4bn target for non-traditional exports

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    Cedi depreciates against the dollar by 22.5%

    Financial sector withstood 2022 shocks; positive signs ahead – BoG

    Water shortage to hit parts of Accra; businesses to be affected

    Influx of Chinese tanker trucks will kill local businesses – Kwame Jantuah

    GRA fights off claims of harassing traders; calls for cooperation

    Hanno Barkhoff joins Kempinski Hotel Gold Coast City Accra as General Manager

    WTO Director-General calls for ratification of Fisheries Subsidies Agreement

    B5 Plus is an iconic testament of success of 1D1F initiative – K.T. Hammond

    BoG advised me to streamline Menzgold operations – NAM 1

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    Ofori-Atta commends G20 for AU’s inclusion, urges common voice

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    African Union to launch regional credit rating agency in 2024

    New study reveals alarming food access disparity affecting 650 million Africans

    Global food price index declines in August

    ECO currency challenges: Technical committee attributes delays to external shocks, others

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VRA to use coal to generate power

bycitibusinessnews
January 26, 2015
in Business, Oil And Gas, Top Stories
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The Volta River Authority (VRA) is considering using coal to generate power to augment the current energy capacity.

[contextly_sidebar id=”6r5y4OW9rzjJI73lmIKQUlrPIJPiOtBE”]In view of this, the VRA has signed an MOU with China’s Shenzen Energy Group to commence work on the coal plant in the western region.

Ghana presently has a power demand of about 2,000 megawatts but a current shortfall in generation of about 400 megawatts.

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Chief Executive Officer of the VRA, Kirk Kwofie is hopeful that the coal power plant will ensure there is additional power leading to a stable power situation.

“We have passed the stage of consideration for clean coal and we think it’s something which should help drive the  economy  of this country  bearing in mind that Ghana is a lower middle income country and electricity should be as reliable as possible,’’ he added.

“There are so many that we are currently in serious discussions with and at the pre-feasibility studies to start venturing into coal.’’

Mr Kwofie was however optimistic work will soon commence on the plant to boost the current capacity adding that “if we can get about 1000 to 2000 megawatts in coal, then whenever we do not have water, we will not be dependent on only one source of power generation.’’

By: Lorrencia Nkrumah/citifmonline.com/Ghana

 

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