The government losses close to US$30 million annually due to excess electricity capacity in the country, the Minister of Energy, Mr John Peter Amewu, has indicated.
He said that amount which was being borne by consumers was expected to rise to US$403 million in 2020 and US$493 million by 2021 if nothing was done to curb the situation.
As a result, he said the President had directed that the ministry should investigate and find out what the problem was since the country could not continue to pay such a huge cost for excess capacity.
Mr Amewu was speaking at a forum held by the American Chamber of Commerce (AMCHAM), Ghana, in Accra last Friday, dubbed ‘Energy sector perspective: vision and strategies for a sustainable energy sector in Ghana’.
“Every power sector needs some elements of reserved margin for emergencies and between 15 to 20 per cent is allowed margin but in situations where excess capacity is around 50 per cent, then it calls for questioning and some analysis,” he pointed out.
Source: Graphiconline
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