Jonathan Amoako- Baah, CEO of GRIDCo
The Chief Executive Officer of the Ghana Grid Company (GRIDCo), a power transmission company in the West African country, has explained that the 11.17% increment in electricity tariff will enable them to raise some revenue to continue their projects which were stalled because of lack of funds.
Mr Jonathan Amoako-Baah said the lack of funds has stalled most of their project.
The utilities regulator, Public Utilities Regulatory Commission (PURC), announced 11.17% increment in electricity tariff on Friday.
The decision followed extensive stakeholders consultations with proposals from Electricity Company of Ghana(ECG), Ghana Grid Company(GRIDCo), Northern Electricity Distribution Company (NEDCo), Power Distribution Services (PDS) Ghana Limited, Volta River Authority (VRA) and Enclave Power Company.
Speaking in an interview with energynewsafrica.com via telephone, Mr Amoako Baah, who welcomed the increment, however, said they had expected more, but explained that they would accept the 11.17% for the time being.
“We will console ourselves with it,” he said.
In his view, he noted that increasing utility tariffs was not what they were mostly concerned about, but rather the ability for consumers.
Touching on how the increment could help, he said the increment would bring them relief, for they would be able to continue the 330kV transmission line from Kumasi to Kintampo, which has stalled because of lack of funds.
He added that it would help them to work on the 161 kV transmission line from the Volta Substation in Tema to Achimota so that transmission losses occurring on that line would be reduced.
“We will also be able to strengthen our transmission lines in the Western Region, especially the transmission line from Tarkwa to Prestea.