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28.11.2019 Business & Finance

We commit to uninterrupted power supply - GRIDCo

By JoyBusiness
We commit to uninterrupted power supply - GRIDCo
NOV 28, 2019 BUSINESS & FINANCE

In its first official comment following recent staff agitations over unpaid debts, GRIDCo says it is committed to a reliable power supply to Ghanaians.

Board Chairman Ambassador Kabral Blay-Amihere, speaking during the company’s 10th AGM in Accra, said the leadership has taken every step to ensure that the company’s mandate as the backbone of power delivery in Ghana remains consistent.

GRIDCo’s Senior Staff Association recently held a press conference demanding payment of unpaid debts totalling over GH¢1 billion from key institutions including ECG, Valco and NedCo.

The union further threatened a strike action beginning December 4, 2019, if the government fails to heed their demands.

However, Ambassador Blay-Amihere assured that regular engagements with key stakeholders are ongoing to resolve the differences and ensure that Ghanaians enjoy consistent provision at all times.

“The Board and Management have spent the last three years restoring the needed stability to the operations of the company and I’m proud to say that we are on a revival to carry on our mandate without fail,” he added.

Chief Executive of GRIDCo, Jonathan Amoako-Baah, in his remarks at the AGM, was quick to rule out media reports that a brief power outage across the country some days ago was directly linked to the intended staff strike action.

“There’s no linkage at all. What happened some days ago was purely a technical challenge arising from power swings on our transmission line to Cote D’Ivoire.”

Meanwhile, the State Interests and Governance Authority (SIGA) has said pragmatic initiatives have been taken to support GRIDCo deliver on its mandate.

CEO of SIGA, Stephen Asamoah-Boateng indicated that ECG has taken steps to settle its debts to the energy transmitter.

“Government has also taken steps to commit some of the debts owed GRIDCo into equity to shore up the performance of the company. We will support GRIDCo to a point where the company can confidently begin paying dividends. We will work with GRIDCo to ensure an increase in shareholder value,” he added.

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