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Feb 4, 2011

New energy strategy in the offing

Alhaji Inusah Fuseini, a Deputy Minister of Energy, says government has formulated an energy strategy, which will contribute about 10 percent to the total national energy mix by 2020.

He adds that the Ministry of Energy with support from the World Bank has also developed a Renewable Energy Bill to provide the legal and regulatory framework for attracting private sector investment in the sector so as to ensure the attainment of the 10 percent target.

 Alhaji Fuseini Inusah announced this in Accra, after a workshop on Renewable Energy Policy for Climate Change Mitigation in Ghana, organized by the Energy Commission to educate participants on geographic information system planning tools, needed for the timely analysis of renewable energy resources, data and review of plans.

 He said the draft bill which is currently before cabinet has made provision for a fee-in-tariff scheme under which electricity generated from renewable energy sources will be offered a guaranteed price and a regulation for sustainable management of wood fuel and biofuel resources and also make provision for the establishment of a renewable energy fund to provide incentives for the research, development, promotion and utilization of renewable energy resources.

 Alhaji Fuseini pointed out that the German Government has pledged one million Euros to support the implementation of the renewable energy law when enacted, whilst the World Bank has also pledged $10.0 million to provide 15,000 rural homes in remote off-grid communities with solar systems.

Source: ISD