{"id":10539,"date":"2014-04-02T16:05:35","date_gmt":"2014-04-02T16:05:35","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=10539"},"modified":"2014-04-02T16:05:35","modified_gmt":"2014-04-02T16:05:35","slug":"review-current-tariff-regime-vra-to-govt","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/04\/review-current-tariff-regime-vra-to-govt\/","title":{"rendered":"Review current tariff regime \u2013 VRA to gov\u2019t"},"content":{"rendered":"

\"VRA\"<\/a>The Volta River Authority (VRA) is calling for a review of the current tariff regime in the country.<\/p>\n

The Authority is insisting that government must consider reviewing the tariff regime, in order for them to be able to make more investments in the sector to provide efficient power supply.<\/p>\n

Speaking on the Citi Breakfast Show<\/strong>, the Director of Communications at the VRA, Samuel Fletcher said any move in that direction will get more independent power providers into the country.<\/p>\n

He said: \u201cWe need to make our own tariff regime attractive for independent power producers to jump on board\u201d adding that \u201cwe can\u2019t talk about investment without talking about VRA\u2019s books, our revenue, our balance sheets.\u201d<\/p>\n

Mr. Fletcher pointed out that VRA does not make much revenue saying, \u201cwhat do we get from the commodity we sell?…we are running at a deficit and that alone makes my balance sheet bad.\u201d<\/p>\n

According to him, the state of their balance sheets prevents them from getting loan facilities to carry out their duties because \u201cI\u2019m not sure how many banks will give you a loan when they are not sure of your credibility, when they are not sure whether you will be able to pay back that loan.\u201d<\/p>\n

 <\/p>\n

By: Efua Idan Osam\/citifmonline.com\/Ghana
\nFollow @osamidan<\/a>
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