Tag: vra
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Enabling environment needed for businesses to thrive under AfCFTA – Osafo-Maafo
The Senior Advisor to the President, Yaw Osafo-Maafo is urging the government to create an enabling environment for businesses to thrive under the African Continental Free trade Area (AfCFTA). “Competitive production is key, and I believe that, the government also owes it a duty to provide an environment that will make you competitive. And this…
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VRA to leverage technology to drive down power generation cost
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…
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My time with Tullow was short, but I made some key inputs – Kweku Awotwi
Outgoing Managing Director of Tullow Ghana and Executive Vice President of Tullow Oil plc, Kweku Awotwi, says although his time with the oil giant was relatively short compared to his previous roles in the mining and energy sectors, he has made some vital contribution to the organization. Mr. Awotwi, who’s due to retire in September…
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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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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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VRA has no record of unpaid compensation to those affected by Akosombo Dam construction – Amewu
The Minister for Energy, John Peter Amewu, says the Volta River Authority, VRA, has no records of communities and individuals owed any compensation for the construction of the Akosombo Dam. According to him, payments of all such claims in resettlement packages were completed by the Volta River Authority in 1971. There have been recent agitations…
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VRA responsible for 98% of Ghana Gas’ debt stock – PIAC report
It has emerged that the Volta River Authority, VRA, alone is liable for almost ninety-nine (98.99) percent of the amounts owed the Ghana Gas Company by its suppliers. According to the 2018 annual report of the Public Interest and Accountability Committee, PIAC, the VRA owes Ghana Gas over two hundred million dollars as at the…
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Power will be supplied by close of day to affected areas – PDS
The Power Distribution Services (PDS) is hoping to restore power to all areas which experienced cuts in supply on Sunday [April 7, 2019]. The company tells Citi Business News engineers are on site working to reconnect all such areas. Parts of Accra had their power cut due to storms that associated the rains on Sunday…
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VRA debt owed Ghana Gas hits $735 million
Management of the Ghana Gas Company has revealed that the Volta River Authority (VRA) owes the company 735 million dollars. The debt was incurred as a result of VRA’s inability to pay for gas supplied to power its thermal plants. The development according to Ghana Gas is affecting its financial status. Speaking at a press…
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Underpricing ‘killing’ utility providers in sub-Saharan Africa – World Bank
The World Bank has identified under pricing as the biggest threat to the survival of utility companies providing electricity, in sub-Saharan Africa. As a result, the Bank is predicting of a possible drop in private sector participation to improve operations of such companies if the situation remain unresolved. The World Bank attributes the worrying impact…