Business News Wed, 5 Sep 2018
Gas supply from the West African Gas Pipeline Company Limited to the Volta River Authority (VRA) has increased significantly following a new payment agreement signed between the two companies.Per the new agreement the Volta River Authority is now required to make an advance payment of gas it would receive from WAPCO.
This was to avoid the situation where VRA pilled bills of gas supplies resulting to huge indebtedness which affected the operations of WAPCO.
The new pay agreement has boosted gas supply to VRA from between 30mmscf and 35mmscf previously to between 80mmscf and 100mmscf.
In an exclusive interview with the General Manager in charge of Corporate Affairs at the West African Pipeline Company Limited (WAPCO) Mrs Harriett Wereko-Brobbey, said the new arrangement has actually brought some kind of relief to the company.
There were couple of times that WAPCO threatened to cut gas supply to VRA for non-payment of its arrears.
"Now we cannot say we're cutting supply because of the current arrangement, Mrs Harriett Wereko-Brobbey said, adding that "what is now left is the old debt which we are hoping the government will pay."
Source: Michael Creg Afful