24 October 2008 – Ghana’s Minister Felix Owusu Adjapong has announced that the transmission department of the Volta River Authority (VRA) will be replaced by a new entity – the Ghana Grid Company (GRIDCO). Speaking in Accra this week, the minister said the move was part of greater reforms taking place within the power industry in an attempt to level the playing field for all involved in the industry.
The finance for GRIDCO will be provided by the government and a core staff of 635 personnel have been seconded from VRA to the new company.
The minister further said that the government was exploring various alternative sources of energy, such as solar, wind and biofuels. “A major challenge, however, is the higher cost of energy sources owing to the current state of their technology,” he said.
The government is also encouraging local engineers and scientists to cooperate with each other in order to make renewable technologies less expensive.
“With the right incentives and regulations, I believe the use of renewable energy will be enhanced,” he said.
Nuclear power, which is seeing a resurgence of popularity for power generation is also being considered by the Ghanaian government in the medium term. As a result, the government had established the National Committee on Nuclear Energy, headed by Prof Daniel Adzei Bekoe. The committee will prepare a road map for the development of nuclear energy generation by 2018.