Power minister reiterates support for tariff increments

Dr Kwabena Donkor Minister of Power has reiterated government’s position to encourage tariff increments to attract investors and stem the under-investment in the generation, transmission and distribution of utility services.

The Minister said the financial losses being made by the utility companies are “good money” that could have been re-directed into running the companies more efficiently.

In a speech read on his behalf at the sixth annual general meeting of Ghana Grid Company Limited (GRIDCo), the Minister also congratulated the Board and Management of GRIDCo for providing leadership in the power sector by staying focused, despite the challenges the sector was experiencing.

GRIDCo Board Chairman Alhaji Huudu Yahaya, said despite a very challenging year of power supply deficits, GRIDCo continues to engage in activities which would ensure the creation of a robust and resilient National Interconnected Transmission System to serve the growing demand for electricity.

Alhaji Yahaya noted that the power supply deficits were occasioned by gas and crude oil shortages, plant breakdown as well as plant shut downs for maintenance, which affected the total volume of energy transmitted.

The challenges brought to the fore, the need for GRIDCo to maintain stronger partnerships with stakeholders in the power sector in order to find lasting solutions to the energy crises.

He said GRIDCo is continuing its journey to transform itself into a High Performing Organisation and that the Balance Scorecard (BSC), an integrated strategic planning and performance management system, dubbed “The GRIDCo Way”, had been initiated, aimed at ensuring a build-up and advancement in professionalism in order to enhance service delivery across the grid.

Source: GNA