GRIDCo proposes 31.26% tariff adjustment

Independent transmission utility company, GRIDCo, is requesting a 31.26% tariff adjustment to enable it undertake major expansion works to improve service delivery.

This translates into 5.31p/kWh in nominal terms, a 1.2647P adjustment over the prevailing rate of 4.0453p/kWh.

“If we do get something like this, we will be able to to sustain the business,” Albert Kwesi Quainoo, Head of Public Relations, GRIDCo, told Kasapafmonline.com on Saturday.

He added “we don’t want to experience load shedding as a result of inadequate transmission capacity.”

GRIDCo is currently embarking on a Substation Reliability Enhancement Project (SREP) at a cost of €32 million and a further GH¢10 million in critical substations across the country including Accra, Winneba, Cape Coast, Takoradi and Prestea.

It is also constructing transmission lines in preparation for the berthing of the much talked about Karpowership from Turkey which is expected to improve the country’s energy generation mix.

Funding of the project, according to company officials during a PURC stakeholder engagement, was borrowed and needed to be repaid on schedule.