Dr Kwabena Donkor, Minister of Power for Ghana, announced at the 17th annual Africa Energy Forum held in July in Dubai plans to push through Emergency Power arrangements to beef up the supply situation. Presently Ghana has a capacity of 1,600MW as against the peak demand of 2,400MW.
The government plans to add 1,000MW by the end of the current year and provide the platform to pursue medium to long term solutions. The Ministry is also taking steps to add in excess of 5,000MW generating capacity from natural gas, clean coal and renewable energy sources within the next five years.
To accelerate investments, Ghana is restructuring the Electricity Company of Ghana Ltd (ECG) and the Northern Electricity Company Ltd (NedCo) to deliver effective customer service to consumers and to strengthen their financials to be better off-takers of Power Purchase Agreements.
The main power generation utility, the Volta River Authority is also being fundamentally altered to respond quicker to the changing electricity landscape. The Government has announced its intention to create two separate entities from the VRA of today. A new publicly owned entity will be carved out of the existing VRA to concentrate on thermal generation in partnership with the private sector actors while the remainder will concentrate on hydro generation.
The national interconnected transmission network is also being upgraded with the Grid Company of Ghana Ltd (GridCo) investing massively in new 330, 225 and 161kv lines.
To this cause, Ghana is hosting “The Powering Africa: Ghana”. The Meeting taking place on 17-18 September 2015 at the Movenpick Hotel in Accra has confirmed a strong delegation of public and private speakers giving participants an insight in to Ghana’s power development plans and highlight opportunities for private sector investors.
The Africa Finance Corporation (AFC) and Globeleq are sponsors . A clear indicator of their commitment to Ghana, these two sector leaders will bring their vast experience to the meeting to add significant value to the public sector stakeholders in the room.This meeting will bring together cross-energy sector stakeholders under the common goal of increasing the capacity of Ghana’s electricity sector as well as tackling the critical role of infrastructure.