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VALCO, the heart of Ghana’s aluminium industry
Edited by : AL CIRCLE
1 min read
The Volta Aluminium Company (VALCO) is a very well-known name on the country’s industrial landscape, and for obvious reasons.
VALCO is perhaps the country’s largest industrial enterprise in terms of technology and employment and revenue generation. More importantly, it is the mother that gave birth to the giant Volta River hydroelectric project.
At the time of the construction of the hydroelectric dam at Akosombo, there was the need to guarantee a ready consumer of the enormous power that was expected to be generated, since Ghana’s industrial base was very small.
Funding institutions were not ready to finance the project at that huge cost if there was no evidence of an industrial base that could utilise the power and, consequently, pay for the investment.
VALCO, therefore, became a strategic team player when a consortium of aluminium companies, headed by Kaiser Aluminium and Chemical Corporation, decided to build an aluminium smelter in Tema as the primary consumer of the power from Akosombo.
VALCO is perhaps the country’s largest industrial enterprise in terms of technology and employment and revenue generation. More importantly, it is the mother that gave birth to the giant Volta River hydroelectric project.
At the time of the construction of the hydroelectric dam at Akosombo, there was the need to guarantee a ready consumer of the enormous power that was expected to be generated, since Ghana’s industrial base was very small.
Funding institutions were not ready to finance the project at that huge cost if there was no evidence of an industrial base that could utilise the power and, consequently, pay for the investment.
VALCO, therefore, became a strategic team player when a consortium of aluminium companies, headed by Kaiser Aluminium and Chemical Corporation, decided to build an aluminium smelter in Tema as the primary consumer of the power from Akosombo.
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