Ghana’s power transmission company, GRIDCo, has been ranked as the best 5th performing state-owned enterprise among 50 enterprises at the Maiden Public Enterprise League Table (PELT) held last Thursday at the plush Kempinski Hotel in Accra.
GRIDCo beat energy sector agencies such as Bulk Oil Storage and Transportation Company (BOST) which secured 8th position, Volta River Authority 11th position, GNPC 14th position, Ghana National Gas Company 21st position, Tema Oil Refinery (TOR) 35th position and Ghana Cylinder Manufacturing Company (GCMCL) which placed 46th position.
The Public Enterprises League Table was introduced by the Minister for Public Enterprises Joseph Cudjoe to engender competition among state enterprises.
It was designed to be a technical ranking system on several dimensions ranging from financials, efficiency and productivity, management improvement and innovation.
Currently, GRIDCo has a total transmission network of about 6472.23 kilometres.
Apart from operating the National Interconnection Transmission System (NITS), the company also manages GRIDTEL, a subsidiary which provides services for telecommunication companies and radio and TV stations in the West African nation.
The company is looking to invest US$990 million in several projects between 2023 and 2027 to ensure power transmission reliability.
Among the projects GRIDCo wants to undertake in the medium term to improve power reliability, minimise system interruptions, lower transmission losses and be able to meet increasing demand are the Dunkwa Substation project, 3rd Kumasi Bulk Supply Point (BSP), Upgrading of 161kV Western Corridor Transmission Lines (Aboadze-Takoradi, Takoradi-Tarkwa, Tarkwa-New Tarkwa, New Tarkwa-Prestea, Bogoso-Dunkwa, Dunkwa-New Obuasi, Dunkwa-Ayanfuri, Ayanfuri-Asawinso, construction and upgrading of 161kV middle corridor transmission lines (Akosombo-Tafo, Tafo-Nkawkaw, Nkawkaw-Konongo, Konongo-Kumasi, 161kV Mallam to Pokuase (A4BSP) Transmission Line, 330kV Pokuase-Nkawkaw-Anwomaso Project (Transmission Line and Substation).
Commenting on the Public Enterprises League Table Ranking, Board Chairman of GRIDCo, Ambassador Kabral Blay-Amihere, said, “We are grateful that our labour for Ghana has been recognized. I wish to recognise the great selfless work by the last Board and Management from 2017- 2020 under whose watch GRIDCo achieved this feat. Winning a prize is always good but for the current Board and Management and staff, we pledge to fulfill our core mandate of being the backbone of power delivery to Ghana and beyond.”
Source: https://energynewsafrica.com