GRIDCo reinstates power to VALCO in Ghana
Ghana Grid Company Limited (GRIDCo) has reinstated the power to the Volta Aluminium Company Limited (VALCO) after suspending electricity supply to the Tema based aluminium smelting plant on 30th December’19, in regards to $30 million debt.
The Head of Communications and Public Affairs, Energy Ministry, Ghana, Nana Oppong Damoah has confirmed the news of power restoration at VALCO on 31st December’19. He also communicated that the Ministry was working hard to settle the stalemate situation. Nana Damoah added to his voice that the power was restored to VALCO, just a few hours after GRIDCo announced of the disconnection, whereas negotiations are still ongoing with VALCO to settle their arrears.
“The Ministry is mediating to ensure that we come to a common ground point. Power has been restored to VALCO as we speak. We will continue to ensure that whilst the needs of VALCO are being catered for, GRIDCo is not left in the dark. We are already making quite a lot of headway and GRIDCo also felt that they need to send the right signal, which they did, and so we will continue to ensure that this impasse is resolved in the shortest possible time,” Nana Damoah explained.
The GRIDCo’s decision to suspend the power supply to VALCO was a part of an extensive effort to fetch debts owed by its vast consumers, to put some fresh air into its operations process.
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