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Dec 14, 2011

Ghana to increase power supply 2015


H. E John Dramani Mahama, the Vice-President, says Ghana will increase power generation to ensure reliable power supply and become a net exporter of power in the West African sub-region by 2015.

 

According to him, Ghana has comparative advantage over its neighbouring countries and indicated that the country will explore other sources of energy, such as solar and biomass to increase power generation.

Mr. Mahama disclosed this in Accra during a summit on the Millennium Challenge Account (MCA) Compact Two under the theme, “Powering Ghana for Accelerated Development.”

He said the MCA Compact Two is to fund power generation and transmission to ensure reliable power supply in the country. The summit was attended by regulators, operators and consumers.

The Vice-President explained that the summit was to provide a forum for the participants to make inputs into the concept paper for the MCA II and noted that power is critical to the development of the country because of its support for the industrial and the agricultural sectors.

 Mr. Mahama said the government has already begun power sector reforms with the establishment of infrastructure to increase power generation and expressed the hope that MCA II’s support will improve the transmission system and regulation and promote private sector participation in the power sector.

Alhaji Inusah Fuseini, a Deputy Minister of Energy, on his part, said Ghana continued to explore ways of making energy a fundamental right of all citizens and indicated that the main strategy of the energy policy is to increase the installed generation capacity from approximately 2,000 megawatts to 5,000 megawatts.

He said Ghana required $1.7 billion to meet its quest for universal access and indicated that the government has received $966.55 million from bilateral and multilateral institutions in that regard.

Source: ISD