Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

Sale of VRA thermal plants needless – Workers

  • SOURCE: Classfmonline | Editor
  • Workers of the state power producer, the Volta River Authority (VRA), say the proposed sale of its thermal plants by government is needles because that will not solve the problems of the VRA.

    The government has proposed the sale of some thermal plants belonging to the VRA in order to deal with challenges confronting the organisation; mounting debts included on the long list of challenges. The VRA owes banks to the tune of GHC 4.4 billion, according to reports.

    But Chairman of the Senior Staff of VRA, Cephas Duse, speaking at a press conference on Tuesday, September 19 revealed that the challenges bedevilling the VRA are as a result of bad deals with independent power producers signed by successive governments.

    He said: “For example, we buy power from AMERI at 15 cents and we sell to ECG at 5 cents,” adding that: “This is done in the interest of the nation because the government says they cannot sell the power to Ghanaians at 15 cents.”

    “…As a result of its [Government’s] bad arrangement with AMERI for example, VRA has incurred an avoidable loss of $218 million within the first 18 months, from January 2016 to July 2017. On the average, VRA incurs a loss of $11.5 million and this arrangement is supposed to be with us for five years,” he stated.

    He added: “I urge those in the Ministry of Energy and Finance Ministry to stop micro-managing VRA and allow the governance structures to work. What VRA needs at this material moment is a Board and the debts in the power sector cleared to make VRA’s books look good.”

    Share this article

    Leave a reply

    Personality of the Month
    Poll

    Do you think the President should fund the free SHS with oil revenue?

    Follow Us Online
    About Us
    Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
    Events Calendar
    << Sep 2018 >>
    MTWTFSS
    27 28 29 30 31 1 2
    3 4 5 6 7 8 9
    10 11 12 13 14 15 16
    17 18 19 20 21 22 23
    24 25 26 27 28 29 30
    Twitter Activity Stream
     

    Partners We are proud to be associated with:

    Skip to toolbar