The Electricity Company of Ghana Limited (ECG) has announced intentions to utilise fibre optic backbone to venture into the provision of data and broadband services.
It has also planned to position itself to become the regulator for the renewable energy sector in Ghana.
Ing. Samuel Boakye-Appiah, Managing Director of ECG, announced this as part of measures lined up to make ECG a key player in the power sector.
According to him, ECG is still a going concern and is operating as a responsible asset owner, bulk energy trader, monitoring of the concessionaire and offering consulting services, as well as the provision of training and skills development for the energy sector.
Among others, ECG has the obligation to monitor the asset that has been leased to PDS Ghana Limited so that by the end of the lease period, the current value of the asset, which is pegged at GH₵13 billion, would not have depreciated.
He disclosed that ECG was already exporting power to some communities in Togo which were along the border with Ghana.
He said the roll out of these strategies is aimed at making ECG the most innovative electricity company in West Africa by 2025.
The mission, he stated, is to lead the electricity market in innovation and regional integration to support the economic growth and improvement of the lives of the citizens of Ghana and West Africa.
Ing. Boakye-Appiah emphasised that neither ECG’s assets nor its liabilities were transferred to Power Distribution Service (PDS).
He explained that ECG has retained all the network assets and is also liable for debts incurred prior to the transfer of its operations to PDS.
He noted that ECG would sell energy in bulk to PDS, which would in turn pay for the energy consumed and make lease payments to ECG for using ECG’s networks.
He added that PDS would collect all outstanding monies customers owe to ECG on its behalf.
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