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Thursday, October 19, 2017
In Ghana, the Volta River Authority (VRA) plans to divest some of the assets of its gas and oil-fired plants. According to reports, 20 private companies have already expressed their willingness to participate in this operation. According to Kweku Awotwi, the director of the VRA, the government has not yet decided the percentages of transferable shares.
Ghana’s electricity capacity is 2,456 MW, including 1,325 MW of thermal power plants currently operating at 50-65% capacity.
“The management of VRA, with respect to hydroelectric assets, is world-class. But for some reason we have not been able to achieve the same performance with thermal power plants,” said Awotwi.
According to the official, these power stations have contributed to the increase of the debt of the electricity sector of Ghana.
“Separating the management of thermal power stations from hydroelectric power plants is one of the options the government is considering to improve their performance and profitability,” he said.
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