Bui CEO urges caution over VRA, Bui merger

The CEO of the Bui Power Authority, Fred Oware is impressing on government to consider available options in its quest to merge the Volta River Authority (VRA) and the Bui Power Authority (BPA).

In his view, the decision could impact Ghana’s power generation efforts if not properly reconsidered.

Government is seeking to merge the Volta River Authority (VRA) and the Bui Power Authority into one entity.

The move is also to solidify the operations of the new entity and deepen efforts to make Ghana energy sufficient.

However speaking to journalists in Accra, Mr. Oware who cited the decoupling of some entities from a common unit in the energy sector urged a more cautious approach.

“Once upon a time all the companies which had anything to do with power generation was with the VRA, we saw the wisdom and took ECG out same as taking out the transmission to become GRIDCO. Today we are seeing the benefits but if for some reasons we want to go back and put everything under one basket, maybe there is a good reason for that.”

The Bui Authority head also argued strongly that the outfit could significantly improve Ghana’s power supply should it be allowed some space to grow.

“What I am saying as a CEO of Bui is that looking into the future of the renewables, this company has positioned itself to provide the kind of solution that we want to have in the renewable energy market and if we are allowed to go on that trajectory, we shall not disappoint this country,” he added.

Citi Business News understands that government has since mandated a committee to study the proposal for a merger of the two entities.

The committee of which Mr. Oware is a member, is yet to complete its work.

This decision by the government is also coming at a time where the Finance Ministry is seeking bids for a company to assume the thermal assets managing role of the VRA.

The plan has drawn stiff opposition from the senior staff workers of the VRA over concerns they have not been extensively engaged in the move.

Source: Citi Business News

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