The governing New Patriotic Party (NPP) is assuring the West African nation’s voting population that it will offer them reliable and cheap power if its flag-bearer, Dr Mahamudu Bawumia, wins the December 7th polls and form the next government.
The NPP made this promise when the party featured at the Ghana Chamber of Bulk Oil Distributors (CBOD) platform to highlight the party’s energy policy to industrial players at the University of Professional Studies Auditorium in Accra.
This was in a response to how the party intends to ensure energy reliability and affordability if they win power in December this year.
Agayapa Mercer explained that this policy is intended to alleviate the high fuel cost Ghanaians are bearing.
According to him, the policy is to oil Ghana’s manufacturing and industrial base for both local and international operators to remain competitive in their businesses.
Through this new energy policy, he stressed that the NPP wants to create a thriving energy atmosphere which inspires and generates supreme confidence in the industrial and household consumption of power.
One of strategies of the policy pointed out by the Mercer, who is a Member of Parliament for Sekondi, is that the party would procure 2000MW of solar power, which is half of the 4000MW of power.
To make this policy workable, he promised that the party would work closely with the private sector to improve the power, metering, billing and service delivery system across the nation.
Mr. Agyapa Mercer emphasised that the policy also seeks to incentivise the private sector with petroleum and petrochemicals in the value chain.
Commenting on how to improve the efficiency of the National Petroleum Authority (NPA) in the new policy, he observed that it would strengthen its capacity to develop strong relations to promote an export-oriented petroleum hub in the West African sub-region and also ensure best practices in the energy regulatory sector.
“We would encourage internal oil companies to collaborate with local universities on research and development for upstream exploration activities,” said Egyapa Mercer.
Touching on the financial sustainability of fuel supply chain in the down stream market,
Agyapa Mercer, who is also a lawyer, said the party hopes to foster collaboration with the private sector to ensure success and reliability in the energy sector from 2025.
Source: https://energynewsafrica.com