IES vows to stop sale of VRA assets

Pressure is mounting on government to halt the sale of assets of the Volta River Authority.

The Institute of Energy Security is the latest to oppose the move, accusing government of attempting to bequeath the thermal plants to its cronies.

Government’s announcement of the sale of the thermal plants comes months after the president told Parliament that VRA and GRIDCO will be listed on the Stock Exchange.

Richmond Rockson, a principal research analyst at the IES said government’s justification that the VRA lacks the capacity to operate the thermal plants efficiently is untenable.

“Last year the previous administration attempted to cede T3 and some assets to Ameri and we resisted…so any attempt to sell any asset of VRA we are going to resist it just like we did last year.”

Mr. Rockson also accused the deputy energy minister Amin Antah of shifting his position after he opposed the sale of assets of VRA last year under the previous NDC administration.