The Japanese government agency has approved a $40 million project through the Japan International Cooperation Agency (JICA) to help revamp the power sector and improve power supply in Accra, Ghana.
The Chief Representative of JICA Ghana office, Koji Makino, confirmed that JICA signed a grant agreement with Ghana for the project, with Ghana Grid Company Limited (GRIDCo) as the implementing agency on the 8th of December 2015.
“As Ghana’s economy grows and power demand increases, there is the need for improvement of the network systems, especially in the transmission and distribution systems,” Makino said.
“The recent energy crisis stimulated an increase in power generation, which requires corresponding improvement in the system network,” he added.
It was also reported that GRIDCo and Electricity Company of Ghana provided counterpart funding for the power project.
The Energy minister for the state, Boakye Agyarko commented, saying;
“This government’s vision for the provision of state reliable and secure power supply also include initiatives such as restructuring of debts of the utility companies and securing fair commitment for a reliable supply of fuel.”
“Be assured of the government’s resolve to revamp the energy sector for a brighter tomorrow.”
The minister made it a point to urge GRIDCO and ECG to work closely with contractors and consultants to ensure the project is completed on time.
Expanding on the motive behind the project, GRIDCo’s CEO, William Amuna, said:
“Our focus on this district is because it is the highest electricity consuming location in Ghana with its load constituting about 30% of the Greater Accra Consumption.”
“The load growth in the Business District is higher than the national average of 10%. “The yearend projected demand of the Area is 1,400MVA.”