No Result
View All Result
Sunday, March 26, 2023
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Govt pays additional coupons on matured bonds

    Talks with China over $1.7bn debt positive, encouraging – Ofori-Atta

    China to seek proper resolution with Ghana over $1.7bn debt

    GSE signs MoU with MIIF to increase listing of mining companies

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Support Ghana’s efforts to restore debt sustainability – IMF to bilateral creditors

    Ghana Best Cocoa Farmers Association lauds COCOBOD boss

    Consider cocoa pricing in your legislation – COCOBOD CEO to EU

    Fitch upgrades Ghana’s Long-term local-currency IDR from ‘RD’ to ‘CCC

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Industry experts convene to discuss diversification strategies for pension funds

    It’s time to give women top posts in multilateral institutions – GCBL Chairman 

    Global Chamber of business leaders enters into partnership with IEFS

    Gold for Oil policy will save Ghana $4.8bn annually – Veep

    Energy Minister scheduled to speak on Ghana’s near-term opportunities at NAEPEC 2023

    Standard Chartered appoints Ebenezer Twum Asante as Chairman of Board of Directors

    Abena Amoah named in WFE’s top 20 women leaders

    International Women’s Day: Female engineering students tour Karpowership

    BoG directs banks to submit prudential reports on sex-disaggregated basis

  • TECHNOLOGY

    Cyber Security Authority commences licensing and accreditation regime

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Ghana withdraws $672m back-tax demand from MTN Group

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

    5 important things to know about the African Continental Free Trade Area agreement

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Govt pays additional coupons on matured bonds

    Talks with China over $1.7bn debt positive, encouraging – Ofori-Atta

    China to seek proper resolution with Ghana over $1.7bn debt

    GSE signs MoU with MIIF to increase listing of mining companies

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Support Ghana’s efforts to restore debt sustainability – IMF to bilateral creditors

    Ghana Best Cocoa Farmers Association lauds COCOBOD boss

    Consider cocoa pricing in your legislation – COCOBOD CEO to EU

    Fitch upgrades Ghana’s Long-term local-currency IDR from ‘RD’ to ‘CCC

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Industry experts convene to discuss diversification strategies for pension funds

    It’s time to give women top posts in multilateral institutions – GCBL Chairman 

    Global Chamber of business leaders enters into partnership with IEFS

    Gold for Oil policy will save Ghana $4.8bn annually – Veep

    Energy Minister scheduled to speak on Ghana’s near-term opportunities at NAEPEC 2023

    Standard Chartered appoints Ebenezer Twum Asante as Chairman of Board of Directors

    Abena Amoah named in WFE’s top 20 women leaders

    International Women’s Day: Female engineering students tour Karpowership

    BoG directs banks to submit prudential reports on sex-disaggregated basis

  • TECHNOLOGY

    Cyber Security Authority commences licensing and accreditation regime

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Ghana withdraws $672m back-tax demand from MTN Group

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

    5 important things to know about the African Continental Free Trade Area agreement

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

Renewable Energy Act to be amended — Energy Ministry

bycitibusinessnews
July 15, 2019
in General, Government, Manufacturing
Mr. Ahiataku-Togobo (left), with CEO of SunPower Innovations, Ernest Amissah (right) and the CEO of FOCOS Orthopaedic Hospital, Professor Oheneba Boachie Adjei (middle)

Mr. Ahiataku-Togobo (left), with CEO of SunPower Innovations, Ernest Amissah (right) and the CEO of FOCOS Orthopaedic Hospital, Professor Oheneba Boachie Adjei (middle)

Share on FacebookShare on TwitterShare on Whatsapp

The Ministry of Energy has disclosed that the Renewable Energy Act is being amended to bring more clarity on the policies and regulations of the act.

According to the Ministry, the move is to ensure active participation of the private sector in achieving government’s goal of scaling up the penetration of renewable energy in the energy mix.

The government in 2011 passed the renewable energy act and targeted 2030 to have at least ten percent renewable energy in the electricity generation mix of the country.

ADVERTISEMENT

In an interview with Citi Business News, Director for Renewable Energy at the Ministry of Energy, Wisdom Ahiataku-Togobo said the amendment of the renewable energy Act will be key in promoting the use of renewable energy.

“The renewable energy Act was passed in 2011 and today change in circumstances requires that we have to amend the act. At the time the act was passed, electricity from solar was very expensive and most bulk consumers would not buy power from solar.  So, the act put in place something we call the feed-in tariff which is a tariff that will encourage developers who produce solar to pay the premium rate so that it can be fed into the system”.

He further disclosed that modalities for the smooth implementation of the net metering code will soon be made public.

Under the net metering code mechanism, renewable energy generation facility owners are credited for electricity supplied to the grid. The credit is subsequently set off against electricity purchased from the distribution utility.

The system has however been met with some challenges like the inability of the distribution utility companies to credit back power received into their network.

Addressing the issue, Mr. Ahiataku-Togobo said challenges surrounding the net metering system will soon be addressed.

He made these comments at the sidelines of the opening of the largest off-grid hospital project in Africa.

About Commissioning of Project

SunPower Innovations in collaboration with FOCOS Orthopaedic Hospital has installed the largest off-grid solar hospital project in Africa. The project is a 700KWp 1MWH ESS off-grid solar system constructed at the FOCOS Orthopedic Hospital, Pantang.

Speaking  on the benefits this installation will give FOCOS, Mr. Eric Adjah, Technical Lead for SunPower Innovation, said, “this is one of the first in the hospital sector which will help FOCOS Hospital cut down on its huge power bills and enjoy stable a 24 hour supply power,  to the hospital, with the generator only serving as backup”

According to the Chief Executive Officer of SunPower Innovations, Ernest Amissah and the CEO of FOCOS Orthopaedic Hospital, Professor Oheneba Boachie Adjei, the project takes the hospital completely off the national grid.

SunPower Innovations

In line with the passage of the Renewable Energy Act in 2011, SunPower Innovations has expressed its commitment to supporting the gradual shift of public and private institutions from the national grid to more renewable sources of energy; specifically, solar power.

According to the company, it believes that this would serve as the ideal platform to emphasize to the public the benefits of adapting to solar power to their businesses and Ghana’s economy as a whole.

Related Posts

Economy

EU partners government to launch Circular Economy Competition

byEmmanuel Oppong

The European Union (EU) in partnership with the Ministry of Finance and the Ministry of Environment, Science, Technology has launched...

Read more

Stakeholders in the maritime sector urged to sustain competiveness for youth

Idris Elba adds Ghana to the list of African countries he wants to partner with

Africa loses $88bn annually through illicit financial flows – Akufo-Addo

$3bn IMF bailout: Ghana to receive 1st tranche by 2023 first quarter

Financial sector gets GH₵15bn to address liquidity under Debt Exchange Program

DVLA announces guidelines for 2023 vehicle registration

Next Post
Prof. Peter Quartey

ECOWAS not ready for ECO currency in 2020—Prof. Quartey

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.