Tag: Gridco
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EU shows confidence in energy sector reforms
The European Union on Thursday, January 19, 2021, through the French Development Agency- Agence Francaise Development (AFD), approved a grant of €9.7 million to the Ghana Grid Company Limited (GRIDCo) to boost infrastructure works on GRIDCo’s Kumasi-Bolgatanga Transmission Project. The aim of the project which was initially financed with a US$ 174 million from AFD…
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Ghana receives €9.7 million EU Grant to improve access to electricity
The European Union (EU), through the French Development Agency – Agence Francaise Development (AFD) – has approved a new €9.7 million euros grant for the Ghana Grid Company (GRIDCo) to boost infrastructure works on the interconnection line between Ghana and Burkina Faso. This is expected to increase electricity access in Northern Ghana and exporting capacity…
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Settle remaining debts or we’ll withdraw our services – IPPs to government
The Chamber of Independent Power Producers, Distributors and Bulk Consumers has served notice of its intent to withdraw services to the Ghana Grid Company (GRIDCo). According to a statement signed by its CEO, Elikplim Apertorgbor, the failure of government to settle at least 80 percent of its due debt worth over a billion dollars is…
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GRIDCo’s debt recovery from the ECG worsens: IES Analysis
From data collated by the Institute for Energy Security (IES), the debt of GH¢850.993 million owed to the Ghana Grid Company (GRIDco) by the Electricity Company of Ghana (ECG) in December 2019 has shot up by almost 31 percent to GH¢1.114 billion as of end June 2020. The Institute’s trend analysis of cash receivables of…
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GRIDCo staff in Tema to undergo mass COVID-19 testing after one positive case
The Ghana Grid Company (GRIDCo) has announced that of one of its employees at its Tema office has tested positive for the novel Coronavirus. According to GRIDCo, the employee tested positive for the virus on Monday 6th July, 2020. A statement from the company said the employee has since been isolated and is receiving treatment…
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Our balance sheet is now stronger after gov’t settled its debt – ECG MD
The Electricity Company of Ghana (ECG) says government had “averagely paid GHC2 billion directly to ECG’s suppliers (i.e VRA, IPPs and GRIDCo) to defray the Government of Ghana’s indebtedness to ECG.” This follows claims by the Minority that government had settled arrears owed the company. Earlier this week, the Minister of Energy, John Peter Amewu,…
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GRIDCo and Sunon Asogli build $5.4m Auto Transformer to boost power supply
The Energy Minister, John Peter Amewu, has commissioned a 330/161 KV interconnecting Auto Transformer at Sunon Asogli Power Plant in Tema boost power transmission and supply in the country. The interconnecting transformer which was built by the Ghana Grid Company Limited Ghana Limited and Asogli cost 5.4 million dollars. The Ghana Grid Company (GRIDCo) invested…
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PURC has no excuse; electricity tariffs must go down – CUTS Ghana
The Public Utilities Regulatory Commission (PURC), will have no basis to reject calls for a reduction in electricity tariffs as long as the factors that determine the cost of generation in the electricity power mix have seen a drastic change. That’s according to a Research and Public Policy Think Tank, CUTS Ghana, which has officially…
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West African Gas Pipeline to cut gas supply to VRA, GRIDCo for 6 hours
The West African Gas Pipeline Company (WAGPCo), says it will from midnight, Saturday 28th March, 2020, to 6:00 am Sunday, 29th March, halt the supply of gas from its pipelines to the Volta River Authority, (VRA), and the Ghana Grid Company Limited, (GRIDCo) to enable it upgrade its software. According to WAGPCo, the exercise is…
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GRIDCo partly blames power outages on lack of funds to purchase fuel
The Ghana Grid Company, GRIDCo, has blamed the lack of sustained financing to fuel the various dual power generation plants as partly accountable for the intermittent power outages experienced in parts of the country. According to the power transmission company, Ghana’s ability to resolve the recurring problem should ease the apprehension associated with intermittent power…