Business News of Wednesday, 1 May 2013

Source: GNA

Czech Republic to support Ghana’s power system

Mr Miloslave Machalek, Ambassador of Czech Republic, on Tuesday said plans were near complete to secure funds for a 161KV transmission station at Kasoa to shore up Ghana’s power system.

Czech was also ready to secure financing for the construction of gas turbines for power generation as well as providing support for expansion works on some power generation facilities in Ghana, he added.

The Ministry of Energy and Petroleum made this known in a statement copied to the Ghana News Agency on Tuesday when the ambassador called on the minister, Mr Emmanuel Armah-Kofi Buah.

The Ambassador said Ghana’s potential in the energy sector was of interest and that Czech experts in power transmission and generation had visited Ghana for discussions with the Ghana Grid Company Limited and other power supply companies.

Mr Buah told the Ambassador of Government’s commitment to support private sector participation in the energy sector.

He said Czech could play a crucial role in helping to achieve the policy targets of the government in the energy sector by training manpower, an area that is of interest to Ghana.