Tag: NEDCo
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Energy sector workers risk losing their jobs if power loses are not curbed – Energy Minister
Energy Minister Matthew Opoku Prempeh says the jobs of staff of the Electricity Company Ghana Limited and other power distribution companies will be at risk if the energy sector continues to record the level of losses the industry is currently recording. The Electricity Company of Ghana is on record to be losing as much as…
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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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COVID-19: Govt to spend GHS1billion on Energy Relief Package
Government is expected to cumulatively spend GHS1 billion to absorb the electricity bills of Ghanaians for April, May and June, as part of measures to offer some relief to consumers in the wake of tightened financial conditions caused by the novel Coronavirus pandemic. The package will cover over 86 percent of individual consumers and industries…
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ECG rolls out tariff reduction from today
From today, April 1, 2018, consumers should be paying less for the electricity they consume as the ECG begins the implementation of the reduction in tariffs announced in March this year. The Public Utilities Regulatory Commission (PURC) on March 5, 2018, announced a reduction in electricity tariffs of between 17 and 30 percent for residential…
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NEDCo dissatisfied with utility tariff reduction
The Northern Electricity Distribution Company (NEDco) has expressed its reservation at the decision by the Public Utilities Regulatory Commission (PURC) to reduce electricity tariffs for consumers, effective March 15, 2018. The power distributor however says it is ready to comply with the PURC’s directive. The utility regulator on Monday, March 5, 2018 announced that it has…
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PURC reduces electricity tariffs; 17.5% for homes, 30% for businesses
The Public Utilities Regulatory Commission (PURC), has announced a general reduction in electricity tariffs effective March 15, 2018. Residential customers per the new tariff cuts are to enjoy a 17.5% reduction, while non-residential customers will see tariffs cut by 30%. Those in the mining sector have also been given a 10% tariff cut, and 25%…
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Electricity tariffs to drop below govt’s proposed 14%
Citi Business News is learning that government’s proposed reduction in electricity tariffs for consumers may not yield much as expected as the Public Utility Regulatory Commission (PURC), finalizes its tariff adjustment for this year. Government in the 2018 budget suggested that it is working to reduce tariffs by some 14 percent on the average, for…
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Gov’t reaffirms reduced tariffs despite high proposals
Government is optimistic of a reduction in the cost of electricity for the rest of this year. The optimism comes despite proposals for an increase in utility tariffs by service providers. This also follows a stakeholders’ forum ahead of the announcement of new tariffs by the end of this month. The average 14 percent reduction…
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Utility service providers demand 200% increase in tariffs
Utility service providers in the country are demanding an upward adjustment in their tariff, despite assurances given by the President to reduce electricity tariff. The utility companies, at a meeting the Public Utility Regulatory Commission (PURC) in a Joint Consultative forum in Accra, wanted tariffs increased by about 200 percent. Speaking to Citi Business News, the…