Business News of Friday, 29 November 2019Source: ghananewsagency.orgGRIDCo to disconnect power to VALCo in DecemberGRIDCo has announced that it will disconnect power to VALCOThe Ghana Grid Company Limited (GRIDCo) on Thursday announced that it willdisconnect power to the Volta Aluminum Company Limited (VALCO) on December 30 because of a 30 million dollar debt owed to it. The management of the power transmission company said VALCO’s debt and that of Electricity Company of Ghana, and Northern Electricity Distribution Company was hampering the operations of the company. He said one of the key challenges that confronted some State Owned Enterprise (SOE) was weak corporate governance and accountability. He said the end of year report of GRIDCo showed that although the company had endured financial challenges, it had managed to record some achievements and had significantly increased power export to Burkina. Mr Boateng commended GRIDCo for being adjudged the ’‘Power Service Provider of the Year – 2018/2019’’ at the African Power, Energy and Water Industry Awards programme and urged them to work hard and carry out their mandate.

Source: GhanaWeb November 28, 2019 20:26 UTC