Business News of Wednesday, 27 February 2013

Source: Adom FM

VRA will continue to have problems – ACEP Boss

Executive Director for the Africa Center for Energy Policy (ACEP) Mohammed Amin Adam has hinted that the Volta River Authority (VRA) will continue to face its current challenges if it does not receive the money owed it by government and the Electricity Company of Ghana.

He said that until the VRA’s financial viability is restored to enable it buy fuel to power its generators, the country will continue to suffer power shortages.

Mr Amin Adam reported that the power generating measures outlined in the president’s State of the Nation Address do not resolve the energy sector’s immediate challenges.

He said the problem is not one of generation; rather, the utility must be empowered to be financially stable.

“The issue is about procurement of fuel to bring all their plants into operation,” he noted.

Speaking on Adom FM, the energy expert urged government not look at generation alone but to secure the fuel necessary to power the plant.

He added that the National Development Planning Commission should go around the country to better determine the national energy priorities.