The Managing Director of Electricity Company of Ghana, Ing. Samuel Boakye-Appiah, has assured staff that ECG has not been sold.
“With the introduction of concessionaire to invest in, manage and operate our distribution assets, ECG will continue to exist albeit with a different focus. The new ECG will be an active and responsible Asset Owner and will engage in Bulk Energy trading, providing knowledge and skills to support other utilities through consultancy services and an upgraded training school.”
“The new ECG will also embrace the introduction of renewable energy into Ghana’s energy mix in other to improve reliability to our customers.”
Ing. Boakye-Appiah disclosed this at the launch of ECG’s 50th Golden Jubilee Celebration in Accra under the theme, “50 years of powering the socio-economic growth and development of Ghana.”
The company, he said, over the years has chalked major successes and also gone through various challenges including the protracted power crises of 2012-2016. During the crises, ECG’s image fell to an all-time low and our distribution network was weakened as a result of frequent switching for load shedding,” he said.
The crises, he indicated, affected the company’s finances because customers reacted by not paying their bills.
He said over the years, ECG has to discharge their mandate using obsolete equipment, outdated technology and manual business processes.
“We are yet to achieve the Regulatory Benchmarks for system Losses and Network Reliability, Achieving Cost Reflective tariffs that is affordable for our Customers remains a major challenge.”
Ing. Boakye stated that despite the constraints in the business environment and the major challenges that have confronted the company for the past 50 years, ECG still has a lot to celebrate.
ECG, he said, has brought smiles to many homes and communities who turn the lights on for the first time in their lifetime and added that ECG electrical energy has also transformed the lives of various communities and kept the wheels of industry running and contributed immensely to the socio-economic development of the nation.
“ECG is the best distribution utility in West Africa and rated second in the whole of Sub-Saharan Africa after Eskom of South Africa. We have been an active player within the West Africa Power Pool contributing in various ways to support the Regional Organization. We provide cross-border electricity to serve our brothers and sisters in neighboring Togo.”
ECG over the past 50 years, according to ECG Boss, trained engineers from Afghanistan on the recommendation of the World Bank in the last quarter of 2017.
He said their network operations are partially automated at the medium voltage (MV) level.
“At the primary level, the Supervisory Control and Data Acquisition (SCADA) System covers four out of the six administrative regions”.
The Electricity Company of Ghana is a limited liability Company wholly owned by the Government of Ghana.
The Electricity Company of Ghana Limited (ECG) was incorporated under the Companies Code, 1963 (Act 179) in February 1997. It began as the Electricity Department on 1st April 1947 responsible for distribution of power in the entire country and later became the Electricity Division in 1962.
It was subsequently converted into the Electricity Corporation of Ghana by (NLCD 125) in 1967.
By William Sarpong