The Electrical energy Company of Ghana Restricted (ECG) is to utilise fibre optic backbone to venture into the provision of info and broadband providers.
It also plans to place by itself to become the regulator for the renewable electrical power sector in Ghana.
Asserting this at a push convention in Accra on Thursday, the Controlling Director of ECG, Ing Samuel Boakye-Appiah, claimed the new venture is element of actions being taken to make ECG a essential player in the ability sector.
According to him, the firm, which presently has 112 staff, is however a heading worry and is operating as a dependable asset operator and bulk strength trader.
He also spelled out that ECG, amongst other things, has the obligation to watch the asset that has been leased to PDS Ghana Minimal so that by the stop of the lease interval, the recent worth of the asset, which is pegged at GH₵13 billion, would not have depreciated, but would fairly have appreciated.
He also announced designs to export energy to neighbouring nations, hoping that ongoing renegotiation of energy promotions, as properly as amplified use of gas for electricity era in Ghana, would decreased tariffs.
In accordance to Ing Boakye-Appiah, the rollout of these techniques is aimed at generating ECG the most progressive electricity corporation in West Africa by 2025.
The mission, he stated, is to lead the electrical energy current market in innovation and regional integration to help the economic progress and improvement of the life of the citizens of Ghana and West Africa.
Ing. Boakye-Appiah emphasised that neither ECG’s assets nor its liabilities were being transferred to Messrs Ability Distribution Assistance (PDS), adding that the corporation has not been sold.
He described that ECG has retained all the network belongings and is also liable for money owed incurred prior to the transfer of its functions to PDS.
He noted that ECG would market power in bulk to PDS, which would in convert spend for the strength consumed and make lease payments to ECG for employing ECG’s networks.
In accordance to him, PDS Ghana Ltd, as the distributor, would tackle and deal with on behalf of ECG, all legacy (superb) problems, income assortment and unpaid payments prior to the transfer day on March 1, 2019.
He extra that PDS would collect all excellent monies consumers owe to ECG on its behalf.
Ing. Boakye-Appiah stated that leveraging on its know-how in the vitality sector, ECG is turning its teaching school into a teaching and consultancy expert services provider.
“We are checking out other small business opportunities in the vitality sector.
“We have managed our headquarters setting up – Electro Volta Property. Our existence will be felt in all the political regions exactly where PDS operates as element of our monitoring job.
“ECG will discharge its obligations below all existing contracts signed prior to the transfer,” he added.
He explained ECG has appointed PDS as the agent for completion of all Funds Works in Progress (CWIPs), but ECG would be dependable for payments to contractors/distributors.
The MD described that ECG’s teaching centre is 1 of the strategic belongings that have been not transferred to PDS.
“Prior to the transfer, the centre had experienced much more than 4,000 personnel in a variety of critical expertise in the ability utility sector.
“The centre also trains utility company employees from the armed forces, hospitals, factories, our sister firms – GRIDCO & NEDCO, as effectively as engineers from the West Africa sub-location, notably Sierra Leone and Liberia.
“As section of its new organization emphasis, ECG will leverage on its 50 years of working experience and the big mental money at its disposal to deliver teaching and consultancy solutions focusing on the power sector.
“The ECG’s schooling university is the strategic competence improvement centre of the organization furnishing technological and non-technological instruction to serve ECG, VRA, GRIDCo, NEDCO and other utilities in West African sub-location.
“It has been accredited by the Countrywide Board for Expert and Technician Exams (NABP TEX).
“The training programmes deal with technical regions for organisations inside of the energy sector, mining oil exploration and supplying in-company trainings, tailored programmes for organisations, refresher programmes and engineering basics for non-engineers in engineering fields,” he included.
Ing. Boakye-Appiah urged the typical community to acquire edge to patronise its teaching centre and love to start with-course education facilities.
He assured that ECG would proceed to participate in a vital purpose in Ghana’s vitality sector as a dependable asset proprietor safeguarding the price and problem of the distribution community and making certain PDS’ compliance with the Concession Settlement.