The Institute for Energy Security (IES) has asked the government to strengthen the Volta River Authority (VRA), Bui Power Authority, Electricity Company of Ghana (ECG), and Northern Electricity Distribution Company (NEDCo) rather than dismantle them.
This follows the draft bill proposing the merger of the VRA with Bui Power Authority, the combination of ECG with NEDCo and the establishment of an independent Thermal Power Authority.
The Staff Groups of the Volta River Authority (VRA) have expressed strong opposition to the proposed draft bill arguing that these decisions are not in the best interest of Ghanaians and could have severe consequences for the VRA and the nation.
Nana Amoasi VII, Executive Director of IES, noted in a statement signed and issued on Sunday that “While the proposed merger and restructuring of Ghana’s power sector may have its proponents, we believe that the risks far outweigh the benefits in its current form.”
“The focus should be on stabilizing and strengthening the existing institutions such as the VRA, Bui Power Authority, ECG, and NEDCo, rather than dismantling them.
“We urge the government to reconsider the bill and work towards solutions that preserve Ghana’s energy security, affordability, and long-term sustainability.”
