The Public Utilities Regulatory Commission (PURC) has successfully held its first-ever preliminary investment hearing for utility service providers.
This significant step is part of the Commission’s ongoing efforts to ensure transparency and accountability in the regulatory process.
Held from February 25 to 27, 2025, the hearing brought together key utility service providers, including the Volta River Authority (VRA), Ghana Grid Company (GRIDCo), and Ghana Water Limited (GWL).
During the event, these providers presented their short-term, medium-term, and long-term capital investment projects, which included network extensions, transformer upgrades, and meter replacements.
The PURC team scrutinized the presentations, asking questions and highlighting critical areas that require further analysis, such as funding sources and benefits to the energy and water sectors.
The Director for Legal Services, Mrs. Nancy Atiemo, also guided the utility providers through the draft investment hearing guidelines, outlining requirements, composition processes, and timelines for the main investment hearing scheduled for May 2025.
In his concluding remarks, Dr. Shafic Suleman, Ag. Executive Secretary of PURC, advised the utility providers to prioritize projects that offer immediate benefits to the energy and water sectors in the short term.
He also encouraged them to incorporate feedback from the PURC to update and present detailed and accurate presentations for the main investment hearing.
Source: https://energynewsafrica.com
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