Managing Director of Electricity Company of Ghana Limited (ECG), Ing. Samuel Boakye-Appiah, has announced that his outfit will soon venture into the provision of data and broadband services.
The ECG also revealed that it has plans to become the regulator for the renewable energy sector in Ghana.
According to Ing. Samuel Boakye-Appiah as part of measure to make ECG a key player in the power sector it will be offering consulting services, as well as the provision of training and skills development for the energy sector.
Among others, ECG has the obligation to monitor the asset that has been leased to PDS Ghana Limited so that by the end of the lease period, the current value of the asset, which is pegged at GH₵13 billion, would not have depreciated, but would rather have appreciated.
Even tariffs in Ghana are currently higher than what pertains in the sub-region. He announced plans to export power to neighbouring countries, hoping that ongoing renegotiation of power deals, as well as increased use of gas for power generation in Ghana, would lower tariffs.
He disclosed that ECG is already exporting power to some communities in Togo which are along the border with Ghana.
He said the rollout of these strategies is aimed at making ECG the most innovative electricity company in West Africa by 2025.
The mission, he stated, is to lead the electricity market in innovation and regional integration to support the economic growth and improvement of the lives of the citizens of Ghana and West Africa.
Ing. Boakye-Appiah emphasised that neither ECG’s assets nor its liabilities were transferred to Messrs Power Distribution Service (PDS), adding that the company has not been sold.