Ghana: Bui Power Authority Posts $66.2 Million Net Profit Despite Cash Constraints

Bui Power Authority (BPA), Ghana’s state-owned power producer, posted a net profit of $66.2 million on revenue of $145.9 million and generated 1,438 gigawatt-hours (GWh) of electricity, exceeding its annual target by 6.5%, its chief executive, Ing. Ekow Eduakwa Sam, said.

Despite the profit, Ing. Sam said cash flow remained constrained by high accounts receivable from the Electricity Company of Ghana (ECG), the authority’s major off-taker, limiting its ability to support expansion of its power generation business and critical operations.

Addressing stakeholders at the company’s annual general meeting on Friday, Sam said the Bui Hydroelectric Plant maintained an average availability rate of 95%, underscoring the reliability of the authority’s main generation asset.

“Despite prevailing cash flow constraints, BPA continued to focus on the expansion of its solar PV portfolio,” Sam said.

Operational solar PV capacity increased to 105 megawatts peak (MWp) from 55 MWp, he said. Hydropower remained the authority’s main source of generation, producing 1,339 GWh, or 97% of total output.

Feasibility studies for proposed hydropower projects on the Tano, Pra and Ankobra rivers also made significant progress during the year, Sam said.

The authority also advanced its digital transformation programme through a comprehensive cybersecurity risk assessment and the development of a cybersecurity solutions roadmap.

Other initiatives included the rollout of the BPA Work Point corporate intranet and completion of the Corporate Data Centre and Disaster Recovery Infrastructure Project.

Looking ahead to 2026, BPA will focus on proactive plant maintenance, system optimisation and renewable energy expansion, Sam said.

The authority expects to add about 100 MWp of solar PV capacity during the year, taking operational solar PV capacity to about 205 MWp.

BPA also plans to develop 300 MWp of dispatchable solar PV integrated with large-scale battery energy storage systems by the end of 2028, Sam said.

Delivering remarks on behalf of Board Chairman Amb. Kwadwo Nyamekye-Marfo, board member Hon. Alhaji Mohammed Kwaku Doku said BPA’s 2025 performance demonstrated its capacity to deliver on its mandate while laying the foundation for its next phase of growth, particularly in renewable energy.

Energy and Green Transition Minister Hon. Dr. John Abdulai Jinapor commended BPA for its performance and urged management to maintain financial prudence, transparency, accountability and sound governance as the authority advances its expanded mandate under Act 1046 and contributes to Ghana’s renewable energy agenda.