{"id":354772,"date":"2017-09-19T17:01:53","date_gmt":"2017-09-19T17:01:53","guid":{"rendered":"http:\/\/citifmonline.com\/?p=354772"},"modified":"2017-11-10T11:18:26","modified_gmt":"2017-11-10T11:18:26","slug":"selling-thermal-plants-wont-solve-vras-problems-staff","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/09\/selling-thermal-plants-wont-solve-vras-problems-staff\/","title":{"rendered":"Selling thermal plants won’t solve VRA’s problems – Staff"},"content":{"rendered":"
Employees of the Volta River Authority (VRA), say the proposed sale of its thermal plants by government defies modern business logic and can’t address the problems of\u00a0the power producer.<\/p>\n
Addressing the media today [Tuesday], Chairman of the Senior Staff of VRA, Cephas Duse said the current challenges faced by the state power producer is as a result of bad deals with independent power producers, which has been allowed by successive governments.<\/p>\n
[contextly_sidebar id=”DiXoqbfHldQGnOnX4I51tiEEw0qEXTm3″]”For example, we buy power from AMERI at 15 cents and we\u00a0sell to ECG at 5 cents,” he noted, adding that this is done in the interest of the nation because the government says they cannot sell the power to Ghanaians at 15 cents.<\/p>\n
\u201c…As a result of its [Government’s] bad arrangement with AMERI for example, VRA has incurred an avoidable loss of $218 million within the first 18 months, from January 2016 to July 2017. On the average, VRA incurs a loss of $11.5 million and this arrangement is supposed to be with us for five years.\u201d<\/p>\n