Business News of Wednesday, 1 January 2020Source: ghananewsagency.orgGRIDCo restores power to VALCOFile photoGhana Grid Company Limited (GRIDCo) has restored power to the Volta Aluminum Company Limited (VALCo) after disconnecting electricity supply to the Tema-based aluminium smelting firm on Monday, December 30, over a US$30 million debt. Nana Oppong Damoah, the Head of Communications and Public Affairs at the Energy Ministry, confirmed the restoration of power to VALCO on Tuesday. Nana Damoah said power was restored to VALCo few hours after GRIDCo announced the disconnection, while negotiations were ongoing with VALCO to settle their indebtedness. "We will continue to ensure that whilst the needs of VALCo are being catered for, GRIDCo is not left in the dark. The decision by GRIDCo to disconnect the power supply to VALCo was part of a broader effort to collect debts owed it by its bulk consumers, in order to breathe life into its operations.

Source: GhanaWeb January 01, 2020 00:56 UTC