Prez Inaugurates First Private Electricity Substation
President John Dramani Mahama has inaugurated the first private sector-owned substation in electricity supply to serve industries operating in the Tema Free Zones enclave.
The Enclave Power Company (EPC), which will produce 165 megawatts of power, is the largest substation in Ghana, in terms of capacity, and is the first of its size to be constructed and funded entirely from private sources. Construction works on the project started in September 2013 and completed within a record 15 months in December 2014, and is estimated at a cost of US$35 million.
President John Mahama noted that electricity distribution in the country has traditionally been the responsibility of the Electricity Company of Ghana (ECG) and Northern Electricity Distribution Company (NEDCO), which handles supply to the northern part of Ghana.
He however debunked allegations that the government intends selling the ECG to a private company, saying, “Government has no intention of privatising ECG”, and that the ECG is still a 100% government-owned entity. “We will remain a 100% owned entity,” he assured.
Prez Mahama continued that nothing in their regulations stops them from adopting “Partner Private Partnership (PPP) in the distribution of power. He said the government will continue to partner the PPP sector to ensure that reliable power is supplied sustainably for the development of the country.
He pledged to fix the problems of power supply deficit, and ensure that such challenges will not occur anytime in the future. He later visited the Volta Aluminum Company (VALCO) and Aluworks Ghana Limited, and also inspected on-going rehabilitation works on the Lashibi roads, which are progressing steadily.
He was accompanied by the some government officials including, Dr. Ekwow Spio Garbrah, Minister for Trade and Industry, and Dr. Kwabena Donkor, Minister for Power.
Source: The Ghanaian Chronicle