The Institute for Energy Security (IES) has called on the government to urgently address the outstanding debt issues between the Volta River Authority (VRA), the Electricity Company of Ghana (ECG), and the Volta Aluminium Company (VALCO).
The IES call follows the proposed draft bill that aims to merge VRA with Bui Power Authority, combine the ECG with the Northern Electricity Distribution Company (NEDCo), and establish an independent Thermal Power Authority from VRA’s thermal plants.
Nana Amoasi VII, Executive Director of IES in a statement signed and issued on Sunday indicated that the failure of these entities to meet their payment obligations has resulted in a severe liquidity crisis for the VRA, which must be resolved before any structural changes are implemented.
“The government must urgently resolve the outstanding debt issues between VRA, ECG, and VALCO,” the IES stated. “These entities’ failure to meet their payment obligations has created a severe liquidity crisis for VRA, and this must be corrected before any structural changes are made.”
Meanwhile, the Staff Groups of the VRA have expressed strong opposition to a proposed draft bill that aims to merge VRA with Bui Power Authority, combine the ECG with the Northern Electricity Distribution Company (NEDCo), and establish an independent Thermal Power Authority from VRA’s thermal plants.
The groups argue that these decisions are not in the best interest of Ghanaians and could have severe consequences for the VRA and the nation.
The groups emphasised that the proposed changes could undermine the VRA’s contributions to the national grid and security.
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