The Institute named capital investment as a major item needed for the survival of the power sector in 2021 and beyond. According to INSTEPR’s 2021 Outlook and Expectations in the Energy Sector report, it stated that if no action was taken, the indebtedness within the power sector could reach $12.52 billion by 2023. This, the research institute has equated it to be about 18.7 percent of the country’s current Gross Domestic Product (GDP). This is mostly to do with the technical and commercial losses experiences in Transmission and Distribution," the report said. The report also indicated transmission losses of 4.7 per cent this year, which was 1.8 per cent higher than the projected losses of 2.7 per cent.

Source: GhanaWeb December 28, 2020 14:48 UTC