Business News of Monday, 30 December 2019Source: Myjoyonline.comGRIDCo disconnects power supply to VALCO over $30m debtGRIDCo’s operations have been significantly impaired due to huge unpaid debtsThe Ghana Grid Company Limited (GRIDCo) has disconnected power supply to the Volta Aluminum Company Limited (VALCO), following failure of the company to settle over $30million outstanding debt to the power transmitter. In a press statement Monday, GRIDCo explained that the decision was made by the Management of GRIDCo after several attempts to get VALCO to honour its payment obligations failed. We take the opportunity to entreat other customers indebted to GRIDCo to take steps to settle their debts.”GRIDCo staff protest over ‘huge debts’On December 3, 2019, GRIDCo staff hit the streets of Accra to protest huge debts owed the company by power transmitters. GRIDCO leadership has been pushing for millions of debts owed it by ECG, the Northern Electricity Distribution Company (NEDCo) and the Volta Aluminum Company (VALCo) to be settled. GRIDCo is a leading power transmission company in West Africa.

Source: GhanaWeb December 30, 2019 13:18 UTC