Chamber of Independent Power Producers launched in Accra

Chairman of the Chamber, Kwame Pianim

The Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDIB–Ghana) was on Tuesday launched to reduce the burden on the government in the area of policy formulation and regulation of the energy sector.

The Chamber, among others, would help to create a platform for advocacy towards influencing legislation in the area of energy, serve as an incubator for generating ideas and share best practices among the players of the industry.

The Chamber was launched in Accra on the theme: “Promoting Sustainable Energy Sector and Quality Service Delivery for the Socio-economic Development of Ghana.”

Chairman of the Chamber, Kwame Pianim, in an address said a stable and sustainable energy sector was key in the economic and social transformation of the country.

Mr Painim, an economist and investment consultant, said the key element for stabilising the energy sector was to ensure that all key players were in sound financial position, which would open the key institutions to long-term market demand driven plans to respond effectively to consumers.

He urged all sector players to embrace CIPDIB as part of their decision-making process and support the Chamber to be in a position to research and provide objective facts as well as best country practices.

On his part, Dr Simons Yao Akorli, the Director of Research and Economics at the Public Utilities Regulatory Commission, said the greatest challenge facing the country in the energy sector is pricing.

He said for sustainability in the energy sector, there must be satisfaction and balance for both consumers and providers or producers, which described as a very difficult task.

Mr Elikplim Kwabla Apetorgbor, Founder of the Chamber, said it had become necessary for CIPDIB because, since the deregulation of the sector, there had not been unity among players in the sector.

He said the unveiling of the Chamber would help players in the sector to form synergy, shared ideas and present a solid front for better results.