No Result
View All Result
Monday, August 15, 2022
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Recent downgrades by S&P, Fitch ratings on Ghana unfair – African Peer Review Mechanism

    Private sector critical to renewable energy target- sector ministry

    Cedi Depreciation: Government urged to enforce laws on pricing in dollars

    Gov’t must invest more resources into agriculture sector – Agribusiness Chamber

    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Farmers worried about possible unfair distribution of MoFA machines

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    Our cars to sell for cheaper soon- locally assembled automobile companies

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

    Cedi Depreciation: Government urged to enforce laws on pricing in dollars

    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

  • TECHNOLOGY

    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

    PayAngel joins Microsoft for Startups Founders Hub

    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

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

    Recent downgrades by S&P, Fitch ratings on Ghana unfair – African Peer Review Mechanism

    Private sector critical to renewable energy target- sector ministry

    Cedi Depreciation: Government urged to enforce laws on pricing in dollars

    Gov’t must invest more resources into agriculture sector – Agribusiness Chamber

    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Farmers worried about possible unfair distribution of MoFA machines

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    Our cars to sell for cheaper soon- locally assembled automobile companies

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

    Cedi Depreciation: Government urged to enforce laws on pricing in dollars

    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

  • TECHNOLOGY

    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

    PayAngel joins Microsoft for Startups Founders Hub

    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

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

VRA to leverage technology to drive down power generation cost

April 27, 2021
in Local Economy, News
Share on FacebookShare on TwitterShare on Whatsapp

In its quest to improve power efficiency and bring down electricity tariffs in the country, the Chief Executive Officer of the Volta River Authority, VRA, Emmanuel Antwi-Darkwa, has stated that his outfit is forcefully pursuing an innovation and digitization agenda.

According to him, the move which is in line with government’s digitization agenda, will safeguard the future of the state-owned power producer.

Speaking at an event to mark the 60th anniversary of the company in Accra, Mr. Antwi-Darkwa said digitization represents the future of the business and that the Authority is positioning itself to take advantage of current technological advancements to stay competitive.

ADVERTISEMENT

“We recognise that, these enablers will compel us to drive down our costs and therefore remain competitive. We are determined to fully embrace all opportunities that will come our way,” he said at the event which forms part of series of year-long activities marking the company’s 60 years of existence,” he said.

He also noted that the Volta River Authority (VRA) has also began diversifying its energy generating investment portfolio to solar, wind and biomass to remain competitive in the market.

This, he said would facilitate the integration of the variable sources and better monitor and maintain its generation assets for improved, stable and reliable power operations.

Mr. Emmanuel Antwi-Darkwa further stated that plans are far advanced to convert the Akosombo town into a Smart City, by transforming it to become the technology hub of the country.

“We will leverage on the infrastructure and human skill sets that are abundant in the Akosombo area. A roof top solar project at our head office has been completed to serve as a precursor to the establishment of solar parks and rooftop solar facilities in Akosombo, Aboadze and Akuse enclave,” he said.

He said the Authority had embarked on a number of renewable projects to meet the national demand in an environmentally sustainable manner to ensure adequate and competitively-priced electricity to support industrial and social development.

The projects include the 60-megawatts Pwalugu Multipurpose Dam, which has an additional solar component of 50 megawatts.

The Authority is constructing 19.6 megawatts Kaleo/Lawra Solar Plants, while its wind projects at Ada and Anloga are under development.

“We will continue to nurse other potential renewable projects on the Oti River as well as a pipeline of solar projects at Bongo, Walewale and other parts of the country,” Mr Antwi-Darkwa said.

“The Authority commissioned the Kpong Generating Station Retrofit Project in Akuse, aimed at extending the life of the electro-mechanical infrastructure of the power plant. We are confident that the Kpong station can now reliably deliver 30 more years of clean energy.”

He said the overall aim of the Authority was to develop VRA into a public institution, which operated with a private sector interest, stressing that its resolve was to be on a sound operational and financial footing through prudent management practices.

On his part, Mr. Kwame Agyeman-Budu, the Managing Director of Electricity Company of Ghana (ECG), commended VRA for being the leader in the power industry and pledged the ECG’s support for the growth of the Authority.

Source: VRA
Tags: Technologyvra
Previous Post

Be prudent in risk assessment – Economist to local banks

Next Post

Letshego Africa targets Ghana to expand digital skills with Mariam Kaleem Agyeman-Buahin appointment

Next Post
Mariam Kaleem Agyeman-Buahin is Letshego Group’s Head of Digital Marketing.

Letshego Africa targets Ghana to expand digital skills with Mariam Kaleem Agyeman-Buahin appointment

Accra Kotoka International Airport Arrivals
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.