ECG MD details roadmap to boost capital, improve power supply

The Managing Director of the Electricity Company of Ghana, Samuel Dubik Mahama, has outlined a set of plans by the power distribution firm to meet rising demand and increase capacity for reliable power supply for residential and industrial customers.

He mentioned that ECG is working towards a capital injection drive, which means collecting more money from the customers to whom we have supplied power.

During an interview captured in ECG’s newsletter for August 2024, the Managing Director said, “We also need to increase our revenue areas by expanding and intensifying our networks in underserved communities. Intensification will also lead to better delivery of power supply, which will, in turn, boost revenues.”

“Early Power just started generating and adding 200MW to the grid to increase capacity to meet growing demand. We are also exploring extending some of the contracts for some of the plants whose contracts are ending soon. However, this time, the agreements will focus on the purchase of energy only with no ‘take or pay’ clause, just like we agreed with Aksa in 2023,” Dubik Mahama explained.

He mentioned that the company is also exploring procuring batteries that can store the unused power generated by the IPPs during the day when demand is relatively low and supply it during peak times.

“If we are successful, this will be revolutionary for the company,” the ECG Managing Director stated.

MA

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