General News of Friday, 10 January 2020Source: www.ghanaweb.comKorle Bu to make GHC2.1m annual savings as benefit of MIDA interventionThe Korle Bu Teaching Hospital is part of six institutions benefiting from MIDA's Race to RetrofitAs a beneficiary of the Millennium Development Authority’s Race to Retrofit intervention under the Ghana Power Compact Program, the Korle Bu Teaching hospital is set to make annual savings of GHC2.1 million on its electricity consumption. Translating this into monetary value, the Project Manager at MIDA, Richard Owusu said the hospital stands to make savings of GHC2.1 million annually as a result of MIDA’s intervention. She said before arriving at the seven beneficiary institutors of the Race to Retrofit Project, MIDA solicited from the Electricity Company of Ghana data on high consuming institutions in the nation’s capital. She said out of the data received MIDA sent out letters to twenty institutions to solicit their interest in the project out of which only six including the Korle Bu Teaching Hospital responded. The total cost of the Race to Retrofit project is estimated at $3 million and is financed by the people of the United States of America through the Millennium Development Authority.

Source: GhanaWeb January 10, 2020 17:26 UTC